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Probably zero. The WSB-types generally do not touch futures contract because the margin requirements can be quite high (a single contract is generally tens of
by tenpies 5y ago
Probably zero.
The WSB-types generally do not touch futures contract because the margin requirements can be quite high (a single contract is generally tens of thousands of dollars).
Much of this is also fundamentals. ESG = energy stops growing and as the West continued down its self-destructive energy policies, an energy crisis was basically guaranteed. Recall that energy prices in Europe were at all time highs already. The US has largely been saved thanks to the previous POTUS who prioritized energy independence. Even if the current US Administration threw that away, they haven't been in power long enough to completely sabotage their own energy production.
Where it is now a supply crunch is in agriculture. You have one of the largest producers of wheat, fertilizer components, and a couple of other things; invading another of the largest producers of wheat, fertilizer components, and a couple of other things.
Add to this a backdrop of woke politics and cancel culture spreading into diplomacy and you have the West self-destructing itself over what would - in normal times - be a regional issue at best.
TL:DR we're in trouble. And that's before even talking about how the West has weaponized finance and now fundamentally changed the rules by which globalization worked. That's going to have some really nefarious effects a la 2008 GFC, but much worst.
- alephnan 5y agoMany of the Wall Street people are actually on WSB.