economic history

  • GameStop Short Sellers Just Lost US$2 Billion Amid Meme Stock Rally

    GameStop Short Sellers Just Lost US$2 Billion Amid Meme Stock Rally

    The meme stock rally triggered by the return of “Roaring Kitty” to social media has cost GameStop stock short-sellers more than $US2 billion in just two days, according to data firm S3 Partners. Ihor Dusaniwsky, S3’s managing director of predictive analytics, wrote on X: “After being down $US862 million in mark-to-market losses yesterday, $GME [GameStop]…


  • The Invasion Of Ukraine Could Make The Chip Shortage Even Worse

    The Invasion Of Ukraine Could Make The Chip Shortage Even Worse

    Time and again, we’ve seen the fragility of distributed global supply chains. From floods making hard drive prices soar to a bike shortage worsened by COVID-shuttered factories, it seems that broad, international production only adds further points of failure to a process already made precarious by just-in-time inventory. Oh, yeah, cars have been hit once…