Pelosi, one of the wealthiest members of Congress with an estimated net worth of $46 million, defends the practice of trading stocks by public servants, saying: “We are a free-market economy.”
“We are a free-market economy. They should be able to participate in that,” Pelosi stated. A mere 5% of voters agreed with the practice, while 19% had no opinion.
Businesses paid their employees 12 percent more in the last quarter from a year earlier, but profits were up 37 percent, so price increases more than covered their increased costs.
It’s becoming more conspicuous that the current inflation stems from shameless corporations padding their profit margins rather than too much pandemic stimulus.
Burry compares the hype around bitcoin and meme stocks to infamous market bubbles of the past, warning that the stock market is “dancing on a knife’s edge.”
Dogecoin’s rally began after a series of somewhat cryptic, tweets from Tesla Inc. TSLA, -1.31% and SpaceX Chief Executive Elon Musk. #dogecoin
“Tesla sold 10% of its holdings essentially to prove liquidity of Bitcoin as an alternative to holding cash on balance sheet.” -Elon Musk
Firms like Apple, GE, and Intel have been pressured to become the personal piggy banks of powerful “hedge fund activists.”
As of 4/27, the billionaire mogul’s net worth was $144 billion, up from $113 earlier in the month — a 27% increase.
The index fell 30% over 22 days, the shortest duration on record.