Surveillance: Reddit Revolt Upends Conventional Trading

Bloomberg Surveillance

Bloomberg

News, Business, Business News, Investing

3.8 • 1.2K Ratings

🗓️ 29 January 2021

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jim Paulsen, The Leuthold Group Chief Investment Strategist, says the Reddit revolt is another illustration of the impact and power of technology. Vitor Gaspar, IMF Director of Fiscal Affairs Department, says the U.S. has ample room for additional fiscal stimulus. Hemi Tewarson, Duke-Margolis Center for Health Policy Visiting Senior Policy Fellow, discusses efforts to improve the vaccine rollout. Mariana Mazzucato, UCL Professor in the Economics of Innovation & Public Value and Author of "Mission Economy: A Moonshot Guide to Changing Capitalism," discusses the new rules and myths of capitalism.

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Transcript

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0:00.0	Join us in Seattle on November 8th for Bloomberg's intelligent automation briefing about transformation in a time of uncertainty. During this special evening event, top business and IT executives will gather to explore ways in which intelligent automation can offset economic
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0:22.3	This program is proudly sponsored by IBM. Register at
0:25.7	Bloomberg Live.com slash automation slash radio. Welcome to the Bloomberg Surveillance Podcast, I'm Tom Keene.
0:33.0	Daily, we bring you insight. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene.
0:43.0	Daily, we bring you insight from the best in economics, finance, investment, and international relations.
0:49.5	Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the
0:56.2	Bloomberg.
0:57.2	James Paulson, where this Jim Paulson of Luthold Wheaton Capital Management is we lay out on a Friday the path to February and of course the
1:05.0	distractions of a short squeeze.
1:08.2	Jim Paul said I would respectfully suggest you've seen this before. What is different this time with Robin Hood
1:15.9	versus the other short squeezes you and I have enjoyed?
1:20.3	Well I I think that a couple things, Tom hit me.
1:27.0	One is, I think it's another illustration of the impact that technology is having, the impact that technology is having the power that technology can deliver to a small
1:37.2	cadre of people.
1:38.2	We're certainly seeing that in companies like Facebook or Twitter or even people on those platforms on the influence they can have and now we're
1:46.0	seeing it in the financial markets. I think I think that's sort of interesting
1:51.4	the social movement aspect is of course unique.
1:56.0	This is less a short squeeze and it is an angry crowd in some regard.
2:02.5	And I think more of the point,
2:06.4	it just, it seems like it's a destabilizing force
	...

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