Paul Krugman

@paulkrugman ↗

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Last Checked Feb. 7, 2021

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Wed Jan 27 21:23:23 +0000 2021

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Paul Krugman @paulkrugman

S-V argued that the players who keep prices from going crazy tend to be specialists with limited capital — and that when prices go sufficiently crazy, that capital ends up being depleted, making them unable to do their job 2/ — PolitiTweet.org

Posted Jan. 27, 2021

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Paul Krugman @paulkrugman

This crazy GameStop story feels as if someone deliberately set out to illustrate the classic Shleifer-Vishny model of how markets can fail 1/ https://t.co/29z52RwnlT https://t.co/2d2OSCLHWT — PolitiTweet.org

Posted Jan. 27, 2021

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Paul Krugman @paulkrugman

So here we have a Reddit mob pushing a stock price to levels that force short-sellers to fold, despite the absence of any reason for such a dramatic rise or to believe the price makes sense 3/ — PolitiTweet.org

Posted Jan. 27, 2021