Stockmarkets have been compared to casinos for decades. But in recent months the line between investing and gambling has arguably been blurred out of existence
Stockmarkets have been compared to casinos for decades. But in recent months the line between investing and gambling has arguably been blurred out of existence
At least in sports betting, when somebody blatantly manipulates players or teams, they are banned. But when Trump manipulates the market with his TACO behavior, it's all just fine and dandy for him and his pals to clean up.
Welcome to Griftopia.
The past few months definitely provide evidence for this claim. Investors that relentlessly buy every dip and simply ignore any risks. Meme stocks, SPACs, bets on political interventions. Crypto mania. Trading has been gamified. The MMO version of the get rich quick scheme