Billionaires are blaming the GameStop surge on Covid stimulus checks
Billionaire “Bond King” Jeffrey Gundlach is the latest to blame government stimulus cheques for the massive surges in stocks like GameStop that’ve caused Wall Street firms huge losses. “In this case thanks to primarily government policy there’s wherewithal among investors, if you want to call them that, with government money being sprayed all over the place, with checks to people, that they have the wherewithal to put it together into a real capital base,” told Fox Business on Friday.
Continue Reading https://www.independent.co.uk
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