USA politics, recent events.

[GBDamo]

How does this affect pensions DW? Surley this is about shorting, if any pension funds held shares in Gamestop, which I doubt, then they were due to lose anyway if the shorters (is that a word?) were correct in their gamble in the first place. Don't forget the shorters borrowed shares hoping the value would drop, so not good for pension funds.

I'm not sure pensions can invest in these funds..

..however when the short seller makes a position he borrows a share at its current value, say $10, and has a set period of time to give that share back.

So, when he receives the shares, say 1,000,000 he sells them to realise the money but it is shares he owes not money. When his position closes he has to return the shares.

Hopefully, over the agreed period, the share price has fallen and our trader simply buys the number of shares he owes and hands them back, pocketing the difference.

Now, in the case of GameStop the price has been driven up hugely, $450, and in order to cover his position our trader needs to find 450,000,000 to but the shares he owes.

In order to do this our trader now has to go to his boss, explain how fu**ed they are and liquidate other assets to raise the funds.

These other assets will have downward pressures on other stock prices that safer institutions, pension pots, will hold.

So, yes it will have an effect on pensions...

...but since the boomers pulled the ladder up after them and most of these nerds don't have pensions then they really don't care.

Karma.

 

[GBDamo]

And exactly the same could be said of Trump.
Your Gran probably voted for both of them.
There was no evidence of any substance presented to say that Biden votes were fraudulent.
However no-one looked to see if any of the votes for Trump were fraudulent.
There could have been millions of fake votes for Trump, there certainly was something going on in Florida, where Trump won.

Have a search for Shadow candidates.

Probably, there has been fraud since God was a lad.

Just a little more industrial, and less credible, now.

 

[brianmoooore]

There could have been millions of fake votes for Trump, there certainly was something going on in Florida, where Trump won.

I'd put big money on it! Slowing the postal service, removal of drop off boxes, intimidation at the polling stations, thugs baying at the windows of the vote counting stations - these are just some of the things they didn't even try to hide.

 

[andyb]

I'm not sure pensions can invest in these funds..

..however when the short seller makes a position he borrows a share at its current value, say $10, and has a set period of time to give that share back.

So, when he receives the shares, say 1,000,000 he sells them to realise the money but it is shares he owes not money. When his position closes he has to return the shares.

Hopefully, over the agreed period, the share price has fallen and our trader simply buys the number of shares he owes and hands them back, pocketing the difference.

Now, in the case of GameStop the price has been driven up hugely, $450, and in order to cover his position our trader needs to find 450,000,000 to but the shares he owes.

In order to do this our trader now has to go to his boss, explain how fu**ed they are and liquidate other assets to raise the funds.

These other assets will have downward pressures on other stock prices that safer institutions, pension pots, will hold.

So, yes it will have an effect on pensions...

...but since the boomers pulled the ladder up after them and most of these nerds don't have pensions then they really don't care.

Karma.

Thanks GB but I know how shorting works, I just don't believe anyone shorting a company like Gamestop will have any discernible on pension funds. I don't think your explanation does it for me.

 

[nicebutdim]

Sky UK is definitely a Rupert Murdoch pro Tory Channel and the earlier comment from nicebutdim was so hilarious I have still not stopped laughing, to suggest Adam Bolton was not a Tory is the most hilarious post I have ever seen, a brilliant bit of Comedy from the guy pmsl hahaha. as for Kay Burley she should be sacked for going to South Africa and then having to isolate when getting home for breaking the rules, the 6 month suspension is a farce, we have the BBC who are Left wing and Sky right wing, hence my comment about Fake news over here, one thing Trump has got right about the media

I've no idea of his political sympathies, and don't have access to Sky News, but his social media accounts are heavily critical of Brexit and Boris Johnson's government.

Can only comment on his opinions expressed via public platforms.

 

[GBDamo]

I'd put big money on it! Slowing the postal service, removal of drop off boxes, intimidation at the polling stations, thugs baying at the windows of the vote counting stations - these are just some of the things they didn't even try to hide.

Thugs? Don't you mean Republican observers that had been denied their constitutional right to observe the count, you know, while the Democrat counters were counting the ballots they were printing. ?

 

[GBDamo]

Thanks GB but I know how shorting works, I just don't believe anyone shorting a company like Gamestop will have any discernible on pension funds. I don't think your explanation does it for me.

Sorry for the egg sucking lesson but the numbers involved are in the tens of billons and, without a government bail out (that I fully expect), the necessary sell off will drive down stocks.

..or in a sane world, where risky shysters suffer the consequences of their greed, this is what should happen.

 

[electric al]

Really? Did you post this just to get a reaction Al?

No I meant it most sincerely.
You will be surprised to hear that lots of others shared this very same viewpoint too.

 

[andyb]

No I meant it most sincerely.
You will be surprised to hear that lots of others shared this very same viewpoint too.

I'm sure your right. I wouldn't be suprised if, outside of America, there's hundreds of people with the same view.

 

[brianmoooore]

Right, my last post here! I'm going back to the land of sanity and staying there.

There was no fraud in the recent US election, other than the fraction of a percent that usually happens.
Dead people voted. There are always some elderly and sick who send in a postal vote early, and die before election day.
Trump is by far the worst president the US has had in modern times, and will be remembered as such.
Trump knowingly incited his followers to attempt an insurrection.
Trump has killed several hundred thousand of his citizens by his ignorance and incompetence in handling the Covid pandemic.
His actions have advanced China economically, at the expense of the US
He has made the US a laughing stock in most of the world.
There is no secret organisation of child eating paedophiles, based in the non existent basement of a pizza parlour, or anywhere else.
The Holocaust happened.
It is incredible that the best the US can come up with to oppose Trump is Biden, but it's a start.

 

[electric al]

70 odd million votes in the US ,
Nuff said

 

[andyb]

70 odd million votes in the US ,
Nuff said

The Us is 'outside of America'? Who knew?

 

[electric al]

You probably need to broaden your social circle and stop thinking in straight lines Andy
You'll be amazed how many people dont think like you

 

[andyb]

Right, my last post here! I'm going back to the land of sanity and staying there.

There was no fraud in the recent US election, other than the fraction of a percent that usually happens.
Dead people voted. There are always some elderly and sick who send in a postal vote early, and die before election day.
Trump is by far the worst president the US has had in modern times, and will be remembered as such.
Trump knowingly incited his followers to attempt an insurrection.
Trump has killed several hundred thousand of his citizens by his ignorance and incompetence in handling the Covid pandemic.
His actions have advanced China economically, at the expense of the US
He has made the US a laughing stock in most of the world.
There is no secret organisation of child eating paedophiles, based in the non existent basement of a pizza parlour, or anywhere else.
The Holocaust happened.
It is incredible that the best the US can come up with to oppose Trump is Biden, but it's a start.

The thing is this, with Trump I've seen with my own eyes the things he does and says. I don't have to rely on internet searches, it's all there to see, I've watched it over the years.

As far as I'm concerned his presidential campaign should have ended the day he mocked a disabled journalist during the 2016 primaries. Can anyone honestly claim that this would not have ended any British politicians career? let alone a bid to lead the party.

 

[electric al]

Hes not very p .c I'll grant that and he has said many embarrassing things .On a personal note I think his comments about senatorJohn Mcain ,( Vietnam war hero and tortured p.o.w) were terribly crass .He said he wasnt very smart because he was captured and that he prefers smart people that dont get captured. As I have said on a personal level I dont like the guy but I do think he was a good president despite all the opposition and under handed tactics the democrats threw at him. I do like the fact that he wouldnt be bullied and he was prepared to give some back.