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How Stock Bubbles Die – Investment Watch
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Much good discussion via e-mail of this tweet by Clive, Colonel Smithers, vlade, and David. Key easily hoistable points. David:
All previous tactics for 2022 have been based on the assumption that (1) Le Pen will get into the second round and (2) she will then lose to whoever is the other candidate…..But over the last year or so, we’ve begun to see indications that Le Pen might not, in fact, be unelectable after all. This is partly because recent events have moved the debate in her direction, over such questions as national sovereignty, Europe, industrial policy, political Islam, immigration etc. It should be stressed that these are not “right-wing” issues historically: they were issues addressed across the political spectrum until fairly recently, but which have since been abandoned by all the mainstream parties. Now (industrial sovereignty is a good example) everyone is talking of them again. But it’s partly also because of the mess that the rest of the French political
Dado Ruvic/Reuters
Sam Bankman-Fried became a self-made billionaire after launching a crypto-trading firm in 2017.
On a podcast, he discussed a strategy that secured 10% daily returns on million-dollar trades.
He also shared how correctly evaluating risk in cryptos can lead to moneymaking opportunities.
In the space of three and a half years, Sam Bankman-Fried has quietly transformed from an ETF trader into a cryptocurrency legend and one of the world s youngest billionaires, with an estimated net worth of almost $9 billion.
In 2017, Bankman-Fried, a former trader at the elusive quant-trading firm Jane Street, launched a crypto-trading firm called Alameda Research, which manages over $100 million in digital assets. He has become known as the Moby Dick of crypto whales because of the big moves the firm makes in the crypto market.
Archegos story is like a 2007 flashback – Investment Watch
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