Hello and welcome to the Americano podcast, a series of discussions about American politics and now the Joe Biden presidency.

We will be looking at how a 78-year-old president will change America, and we'll be asking if normalcy,

which is what he promised to bring, has returned to American politics.

The answer, of course, is no.

I'm joined today by Joe Wisenthal, who is co-host of the Odd Lots podcast and What Do You Miss on Bloomberg TV?

And he's also an editor and a wonderful tweeter, if anyone wants to follow him at the stalwart is the handle.

And we're going to be talking about, it seems, the only story of this week, the only thing that anyone's talking about, which is GameStop and the

Wall Street Betts Revolution. Now, Joe, I think I imagine some of our listeners are as financially

illiterate as I am. So could you just give us a summary of the story and what you think,

perhaps a lot of the media are missing about the story? Sure. I mean, there's a lot of different angles to the story. Thanks for having me on, by the way.

Very excited.

Pleasure.

You know, I think it starts with GameStop. Everyone figures is going to be like the Blockbuster

video that eventually went out of business. And everyone figures, okay, here's this retail store.

It's in a lot of strip malls.

They sell physical video discs.

It's only a matter of time before they go to business.

Consensus view on Wall Street.

Basically, no one questions that premise.

It just seems obvious to everyone that its days are numbered.

And so there are a number of people who are short the stock

betting against it, assuming that it's only a matter of time before it goes to zero. A few years

...