Lend a helping hand this holiday season by volunteering at your local soup kitchen and handing out food to some of your fellow regards who have lost it all trying to make it to Valhalla
Guy got crazy lucky and this is life changing money he's about to print if no v. I wonder if the brokerage would lend the money to exercise now and sell in the morning
They buy them on the "open market", but it's from banking institutions specifically. It's essentially printing money. They infuse the banks with cash in exchange for bonds. The banks are then more liquid and are encouraged to lend and invest that cash into the economy.
Lenders (money-capitalists) lend to borrowers (industrial capitalists) who use the money to generate surplus value, from which interest is paid to the lender. — yall ain’t lenders or capitalists, you are the parasites who feed on the crumbs of the market (same tho no shade implied just felt like saying good luck tmr)
I'm in the auto finance world. Covid fucked that all up pretty good and we are still feeling it. When new cars weren't getting produced fast enough, used cars hit the fucking moon. Dealers were having to literally keep their hands up at auctions just to get units to sell. Book values on used cars are derived from auction data. Banks lend based on those values. New cars couldn't be the same price as some of their used counter parts so prices on those went up. Plus rates were dumb low and money was bleeding out peoples asses. It's not that way right now onviously lol. People's spending is tighter even though rates aren't terrible, but prices are still up enough to not make people just jump out and get into a new $1200 a month payment on that awesome $70k F150 or Expedition.
I underwrite auto loans. About 30,000 of them over the last 5 years, give or take.
Really, what is he gonna do? Short stuff, because people are so willing to lend shares to investors with nothing? Blow the whistle on the unspoken retardation crisis in the investing world?