http://counterfeitingstock.com/CS2.0/CS8PullingMargin.html
Sounds a lot like Thursday and Friday, no?
14 karma · joined April 6, 2020
http://counterfeitingstock.com/CS2.0/CS8PullingMargin.html
Sounds a lot like Thursday and Friday, no?
http://counterfeitingstock.com/CS2.0/CounterfeitingStock.htm...
"Pulling margin from long customers — The clearinghouses and broker dealers who finance margin accounts will suddenly pull all long margin availability, citing very transparent reasons for the abrupt change in lending policy. This causes a flood of margin selling, which further drives the stock price down and gets the shorts the cheap long shares that they need to cover. (Click here for more on Pulling Margin)."
That's exactly the argument that Tim Cook used a few years ago. He said that an iPhone not manufactured in China would cost 30k USD...before quickly moving manufacturing out of China. These arguments sound nice, but are lies. When offshoring first started the cheap labor pool was the only thing that mattered, and it still is.
> It is efficiency, really, because it's making better use of an underutilized resource. Over time, of course, the price of labor evens out because the resource is no longer underutilized.
It's not efficiency at all, it's stagnation. Since the 80s instead of trying to innovate and automate production lines too many companies have been hopping from country-to-country looking for the cheapest labor pool. We lost 40 years of manufacturing innovations because they were economically unnecessary due to offshoring.
https://twitter.com/EricLeeMD/status/1245054768185303041?s=1...
https://twitter.com/cameronks/status/1243582723945566208?s=1...
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