Jack Albrecht
Feb 8, 2025

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There is a simple solution: Make it illegal. Along with making super-fast trading illegal. Along with trading on derivatives.

The US stock markets ceased being a way to raise capital to grow businesses a long time ago. Now it is just a big casino. Even the normal language today around "trading" make that clear. You write about Burry "betting." That is not investing. It is gambling.

Michael "Rainman" Burry is very good at counting cards in the US stock market casino. That is not illegal. It should be, with a lot of other such stock market gambling techniques.

THAT would be better for the US economy. The financial-ization of the US economy is one of the worst things to happen in the last 40 years.

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Jack Albrecht
Jack Albrecht

Written by Jack Albrecht

US expatriate living in the EU; seeing the world from both sides of the Atlantic.

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