GAMESTOP: PREDICTION on what will happen - Gary on Sky News with Helen-Ann Smith
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We almost missed this prediction on SKY NEWS TV last week! It's already happening... (Excerpts of Gary on Sky News) Aired On Sky News on UK TV on 29/02/2021 & uploaded with permission from Sky News SKY'S WEBSITE: news.sky.com SKY'S YOUTUBE CHANNEL: youtube.com FULL SKY YOUTUBE VIDEO: youtu.be SKY VIDEO DESCRIPTION: Shares in US retailer GameStop have surged as online trading platforms lift restrictions put on the army of armchair investors. The stock jumped by more than 80% at Friday's open - triggering a safety mechanism that halted trading temporarily - following sharp falls the day before as commission-free brokerages struggled to handle the volumes of trading and new customer requests. SOCIAL MEDIA: WEBSITE - wealtheconomics.org TWITTER - @garyseconomics FACEBOOK - garyseconomics INSTAGRAM - garyseconomics GARY'S ARTICLES: www-express-co-uk.cdn.ampproject.org theguardian.com cityam.com opendemocracy.net opendemocracy.net nationalobserver.com MORE VIDEOS: COVID-19 MONEYFLOW THEORY - youtu.be COVID-19 RICH GETTING RICHER - youtu.be Stock Thumbnail: Shot by Cerqueira on Unsplash Spoken by Helen-Ann Smith SKY NEWS Spoken by Gary Stevenson GARY'S ECONOMICS Uploaded by Simran Mohan MOHAN MEDIA
This clip features Gary from GaryEconomics discussing the GameStop surge on Sky News, with Helen-Ann Smith guiding the segment. He frames the GameStop phenomenon as a consequence of growing accessibility to trading through apps, arguing that limited market knowledge among new retail investors could create bubbles. He cautions that when bubbles burst, the most vulnerable,those risking housing deposits or children's tuition,are likely to suffer the most. He emphasizes ongoing inequality, noting that as a recession bites, stock markets can continue to rise, implying a pending reckoning. The discussion aims to project a future where GameStop’s rapid ascent is not sustainable, predicting a correction within a few months and urging viewers to consider the real-world consequences for ordinary people. The overall tone is cautionary, highlighting the tension between market excitement and financial vulnerability.
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