The Fed's Role In Exacerbating The GameStop Chaos

quoth the raven's Photo
by quoth the raven
Saturday, Jan 30, 2021 - 13:09

On Thursday of last week, in the midst of the GameStop chaos, I put out the following Tweet.

My point was to bring attention to how Fed policy over the last couple decades is making volatility not only in the market worse, but also volatility amongst the country worse. The Tweet received an overwhelming response, with many people asking for further analysis of the GameStop situation and an explanation of exactly how I believe the Fed played a role in it.

And so, heading into the weekend, I put my thoughts down in a 15 minute video entitled "The Weighted Blanket Theory". The video offers:

  • my take on who is at fault for the GameStop fiasco
  • why short sellers do what they do
  • my ideas on the implications for Wall Street
  • questions about the ideologies backing the chaos, from both ends
  • my thoughts on how clueless journalists and reporters are on the issue
  • and how the Fed may have played a role

You can watch the relatively short 15 minute video here: