Friday, 29 January 2021, 11:09 am
For
over a decade, the stock market in the US (and everywhere
else) has been utterly detached from the lives and the
wellbeing of ordinary people. During 2020 for instance, as
the Covid economic recession raged and jobs were lost a
rates unseen since the Great Depression, the Wall Street
speculators treated it as just another day at the races.
While Middle America burned, the tycoon sector partied on
regardless.
Well, a day of reckoning has now arrived
in the unlikely shape of GameStop, hitherto a fading video
store chain. In recent weeks this stock has surged in value