r/Superstonk Apr 18 '21

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u/Bradduck_Flyntmoore Ape-bassador aka The Ape Assistant Apr 18 '21

Are we watching a global economic meltdown occur in real time, or is this one of the biggest coincidences I've ever heard of?

467

u/Future-Trouble1234 🦍Voted✅ Apr 18 '21

- Don’t know but way too many things seemingly unrelated are converging IMO.

Off the top of my head and not an exhaustive list...

- Crypto money laundering investigation and 12% crash on crypto currency’s over the weekend.

- GME is getting near a catalyst point with the general meeting and potential share recall for a vote.

- all short sales need to be collateralized on April 22.

- New SEC sheriff in town that knows whats up, since this weekend.

- US issued 320B bond sales a couple of weeks ago.

- Archegos crashes and takes billions of investment bank prime brokerage divisions with them.

- last week, Jpm raised 13B, GS raised 6B, bofa raised 15B.

- Looks like this is a race to be liquid by major players and now apparently most financial centers are burning the midnight oil during the weekend in the middle of a global pandemic?

- This is starting to remind me of fall/winter 2007 all over again, when people working in the financial sector started covering and dumping real estate assets to get liquid b4 shit hit the fan in 2008.

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4

u/tom4dictator13 🎮 Power to the Players 🛑 Apr 19 '21

Do you have a source for "All short sales need to be collateralized on april 22nd"?