Aidan Regan: Wall Street’s aristocrats prepare to head off barbarians at the gate
Last week proved that Reddit’s 'degenerates’ can beat professional investors at their own game. But for how long?
One of the biggest puzzles in the study of capitalist democracy is that, if there are more poor people than rich people, why don’t the poor soak the rich? If everyone has a vote, why don’t the majority of people vote to redistribute wealth?
This is why the idea of democracy terrified the aristocratic gentry in the late 19th century, and the capital-owning class in the early 20th century. It’s also...
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Arm of BlackRock builds up €20m short bet that Glanbia shares will continue to fall
Food company’s stock price has swung up and down since start of pandemic with performance nutrition products hit hard
Irish funds industry hits record high of $4.2 trillion, new data shows
Figures compiled by Monterey Insight, an independent fund research company, show the value of Irish-domiciled funds grew by 10.4 per cent to a market size of just over $3.3 trillion.
Analysis: Central banking’s brave new world
The ambition of central bankers once was to ‘be boring’ but they now take on responsibility for policy objectives such as tackling inequality and climate change. Not all onlookers are pleased at this ‘self-defined mission creep’
Comment: Putting brakes on stock trading would make GameStop-type events worse
Slowing or staunching trades through a transaction tax as is proposed in the US would prolong the time it takes for a meteoric price rise to correct itself