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> The price of goods at Walmart is not based on your bet on supply and demand. This is a specious argument. You literally could go out, borrow your friend's cr
by arthurcolle 6y ago
> The price of goods at Walmart is not based on your bet on supply and demand.
This is a specious argument. You literally could go out, borrow your friend's crate of 10,000 bananas, sell them on the open market, then wait for the price of bananas to crash, and then buy them back (maybe even the same crate!) and give them back to your friend, plus whatever the banana margin costs. Effectively, if you were to do this at scale, you would directly be influencing the price of goods at Walmart. Mechanically, this isn't how it works, and I don't think there are banana futures and options, but thinking that all derivatives activity is speculation is simply naïve.
On the GameStop excitement, all I have to say is...
"Apes, together.. strong."