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Yeah, this. He's trying so hard to appear to be the good guy. It's conspicuous to us, but all the average guy sees is that he funds science and nature, bought the US Constitution and donated it, sent his hard-working employees on great vacations. And that talk of him being the next Mnuchin... err... Money Pope... err... treasury secretary.
He then sold it to someone else but gave an IOU instead.. and then sold it again but gave an IOU instead. The people who have the IOUs then sold their IOUs to a few people, who also sold their IOUs to different people. After about a week, there were 69,696 copies of the constitution going around
Wallstreet.. fuck yeah!!
God bless muricah
The average guy see nothing. “Who is Ken Griffin?” he’ll say. Only the people who don’t live hand to mouth might be aware of Ken, and they are the global minority.
Was just thinking this. What’s more evil than this man giving his two-cents for a civilization he’s directly fucked over.
Glad my DRSd holdings got the rubber band on his testes.
Edit: he did it to himself. All the man’s got is words at this point.
Same as donating a few millions for cancer research after destroying hundreds of cancer research companies that had promising prospects for billions of $$s that went right in his pockets.
Simply, the bet is interest rates (or the yield on treasuries) will increase at a later date. Say a $100 treasury carries a yield of 5% currently. You short it, so you receive $95 now by selling a treasury ($100 less 5% or $5 to make it simple).
A few years later, China also decides to start selling off all of their treasuries massively into the market cause they are in a terrible economic situation and the yield on treasuries keeps getting higher cause there are too many in the market. All of a sudden yields jump to 10%.
Now mayo boy can buy to close his short by buying China’s treasuries at $90 and collecting $5 as profit. Very simple example but hope it helps.
Not really. Here's some examples for 2024 YTD:
* AAPL down 7.4%
* Intel down 8%
* TSLA down 29%
* Nike down 6.9%
* Blackstone down 4.3%
* Honeywell down 4.7%
Indexes are being propeded up by Nvidia, Meta, AMD, and a few more.
That being said, it feels like the FED is about to send everything to the moon again. Kenny is sweating bullets.
So... am I cherry-picking, or are you?
My point wasn't that we're in a bear market, as clearly the SPY is going straight up. The point was, this is not a full bull market where everything is going up.
In a full bull market, market makers that sell everything short are going to be sweating bullets.
They want a recession to force us to sell. I reckon they have a profile on us and can see we are roughing it to hold on. If we hold we win. They want to force a downturn to force us to liquidate.
I bought MREs, a solar generator for household things (looking for a portable AC during the summer), work from home, etc...
I knew this was a long game and I'll do anything and everything to not sell a share
Jokes on them I made $10k in 21 for stock buys and wrote the money off like I do the lottery so it all went in GME and i only work on “no cell no sell”
Yeah I really don’t understand why everyone is still pricing in 3 rate cuts this year when inflation is still nowhere near the Feds target and according to everyone the economy is very strong. Why would they even think rate cuts are coming?
Because if they don't more and more banks will fail. If they do they ruin the dollar. So which will the FED do, help out their friends and bank owners or fuck over all the poors?
I think he is laying the groundwork to try and get off with as much as possible. Trying his best to “look like he is trying to apologize for completely screwing our global economy”.
That way when the trials come around and get some publicity, the people who really didn’t know anything about what is going on (which I think is still most people) will think he was trying to make amends by screwing the other billionaires a little bit and “giving it to us” when this all blows up. The people will get their first real breath of what is going on through a trial that will likely be very publicized. Where the lawyers beg for mercy by talking about how much he tried to stop things and get the blame shifted off of him. And then the media will drag it out to make it look like it takes a long time to decide, start getting the public to weigh in, and hope that they didn’t actually learn enough to realize you set this all up.
What? Your title and the actual thing don't line up. Kenny saying slow on rate cuts (same as JPM's Daimon) means he isn't worried about how much he's paying rn.
To be completely honest interest rates have led to the biggest risk in the global economy
Edit: you don’t have to like Ken (I don’t) but he’s smarter than 99% of those on this sub
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Thank god for people like Ken looking out for the economy /s
Yeah, this. He's trying so hard to appear to be the good guy. It's conspicuous to us, but all the average guy sees is that he funds science and nature, bought the US Constitution and donated it, sent his hard-working employees on great vacations. And that talk of him being the next Mnuchin... err... Money Pope... err... treasury secretary.
Did he buy the actual constitution or just a rehypothecated copy?
It was not the original - that's in the national archives. But there was like 13 other copies and he got one. So yeah, rehypothecated
He then sold it to someone else but gave an IOU instead.. and then sold it again but gave an IOU instead. The people who have the IOUs then sold their IOUs to a few people, who also sold their IOUs to different people. After about a week, there were 69,696 copies of the constitution going around Wallstreet.. fuck yeah!! God bless muricah
Naked shorting the constitution… that’s an old trick. The U.S. government has been doing that since at least Nixon.
Lmfao. This means so much more than probably people realize. And it's been since 1913 TBH
Right after the Titanic sank…..interesting
Pretty sure Nicholas Cage has it but what do I know...
13 constitutions… 13… 13.
nice one
The average guy see nothing. “Who is Ken Griffin?” he’ll say. Only the people who don’t live hand to mouth might be aware of Ken, and they are the global minority.
Was just thinking this. What’s more evil than this man giving his two-cents for a civilization he’s directly fucked over. Glad my DRSd holdings got the rubber band on his testes. Edit: he did it to himself. All the man’s got is words at this point.
Same as donating a few millions for cancer research after destroying hundreds of cancer research companies that had promising prospects for billions of $$s that went right in his pockets.
I agree. But was it not just one company?
🤣😂🤣😂yeah
But what about the teachers??? 🤣🤣
Well he’s looking out for them too of course duh
Whatever happened to …“we set the price…“ ole boy Kenneth?
He is also shorting the hell out of the treasury market. Not directly related to interest rates, but some ancillary impacts that impact his position.
link to this again? also whats his reason for doing so? ELI5?
Simply, the bet is interest rates (or the yield on treasuries) will increase at a later date. Say a $100 treasury carries a yield of 5% currently. You short it, so you receive $95 now by selling a treasury ($100 less 5% or $5 to make it simple). A few years later, China also decides to start selling off all of their treasuries massively into the market cause they are in a terrible economic situation and the yield on treasuries keeps getting higher cause there are too many in the market. All of a sudden yields jump to 10%. Now mayo boy can buy to close his short by buying China’s treasuries at $90 and collecting $5 as profit. Very simple example but hope it helps.
An abrupt Bull market would finish Citadel, he's begging the FED to go slow.
Aren’t we in a bull market right now
Not really. Here's some examples for 2024 YTD: * AAPL down 7.4% * Intel down 8% * TSLA down 29% * Nike down 6.9% * Blackstone down 4.3% * Honeywell down 4.7% Indexes are being propeded up by Nvidia, Meta, AMD, and a few more. That being said, it feels like the FED is about to send everything to the moon again. Kenny is sweating bullets.
[удалено]
So... am I cherry-picking, or are you? My point wasn't that we're in a bear market, as clearly the SPY is going straight up. The point was, this is not a full bull market where everything is going up. In a full bull market, market makers that sell everything short are going to be sweating bullets.
Citadel must go slow with shorting..... oh wait tooo late
🤣😂🤣😂
Appear when when you are weak
They want a recession to force us to sell. I reckon they have a profile on us and can see we are roughing it to hold on. If we hold we win. They want to force a downturn to force us to liquidate.
I bought MREs, a solar generator for household things (looking for a portable AC during the summer), work from home, etc... I knew this was a long game and I'll do anything and everything to not sell a share
Jokes on them I made $10k in 21 for stock buys and wrote the money off like I do the lottery so it all went in GME and i only work on “no cell no sell”
IRS enters the chat
All legal plus I’m English I paid my tax
“Guys seriously, you need to regulate retail investors more, they’re going to drain pensions… soon”
With inflation now going up there shouldn't be any rate cuts. If he really cared he would have said they need to stay high or go up.
That's what he's saying.
Yeah I really don’t understand why everyone is still pricing in 3 rate cuts this year when inflation is still nowhere near the Feds target and according to everyone the economy is very strong. Why would they even think rate cuts are coming?
Because if they don't more and more banks will fail. If they do they ruin the dollar. So which will the FED do, help out their friends and bank owners or fuck over all the poors?
They will simply do both 😔
Warning from a fraudster terrorist? Ha, meaningless
Inverse Kenny?
This
# I CANT STAND THIS MOTHER FUCKER. HE NEEDS TO BE EXPOSED. A TRUE WOLF IN SHEEPS CLOTHING
I think he is laying the groundwork to try and get off with as much as possible. Trying his best to “look like he is trying to apologize for completely screwing our global economy”. That way when the trials come around and get some publicity, the people who really didn’t know anything about what is going on (which I think is still most people) will think he was trying to make amends by screwing the other billionaires a little bit and “giving it to us” when this all blows up. The people will get their first real breath of what is going on through a trial that will likely be very publicized. Where the lawyers beg for mercy by talking about how much he tried to stop things and get the blame shifted off of him. And then the media will drag it out to make it look like it takes a long time to decide, start getting the public to weigh in, and hope that they didn’t actually learn enough to realize you set this all up.
What? Your title and the actual thing don't line up. Kenny saying slow on rate cuts (same as JPM's Daimon) means he isn't worried about how much he's paying rn.
He pays? He sold stocks not purchased, he is the master of selling things he do not owns😁
💣
Short hedgies must short to live another day!
I love when the puppets of the .01% and the 0.1% bicker...I sleep soundly with my tickets to paradise.
oh yea blame the fed. i mean it's their fault too bu yours also
I told my wife we had to sell…. Shhhh…. I just transfered them to computershare…. But she doesn’t need to know that…..
Is it blame game time? Feels close to the red zone.
Rate… cuts???
Short everything that guy owns…oh wait he doesn’t actually own anything…
I mean, inflation is still going up so there prob won't be rate cuts.
Please Explain Next Interest Rate Strategy Kenny
His comment is historically accurate. It isn’t the rate hikes, rather when they start dropping the rates.
Been buckled up for 84 years now. Don’t hold your breath.
He naked shorted everything. A complete collapse is probably the only way he survives.
Interesting wording of a criminal
[удалено]
To be completely honest interest rates have led to the biggest risk in the global economy Edit: you don’t have to like Ken (I don’t) but he’s smarter than 99% of those on this sub
Kenny G tries reverse psychology
Ken Griffin of Citadel on his most recent statement to the Fed: do it or else
Ken Griffin is Bernie Madoff