In the wake of the most severe recession since the 2008 financial crisis, even historically low interest rates and Biden’s unprecedented government expenditures might not be enough to protect the US economy from total collapse—at least not in the long term. With the unemployment rate finally recovering from historic highs and GDP growth back on […]
Tag: Wall Street
R/Wallstreetbets: Occupying the Virtual Wall Street
Towards the end of January 2021, there came stock market turbulence that caused the largest mass stock sell off since the onset of the COVID-19 pandemic. It was months of behind the scenes organizing on a subreddit platform that led to the economic fallout that devastated hedge funds. However, it is not the wins or […]
Making Markets Moral
Headlines from the past few months would suggest that justice is finally being served for the 2008 financial crisis. The Justice Department recently reached a record $13 billion settlement with JPMorgan for fraudulent lending practices. A Bank of America manager may even go to jail over similar charges. However, even the record size JPMorgan settlement […]