Okay, believe what you want. That Facebook quote says 20%-50%f homes are being bought by black rock? Nice tight number there. And that other story has nothing to do with anything but investing in real estate
But hey I'll play along, what's the endgame to all this? What nefarious activity is supposedly going on?
Well in general. That article is explaining that individuals are missing opportunities to buy homes as these funds are buying them up. If u Google Blackrock and look for real estate stuff. You'll see links about the same thing. Black Rock isn't a real estate company. It's a large fund with somewhere between 7 n 11 trillion in assets. Seems a bit odd to me that suddenly they want to eat up all the real estate they can get their hands on. But in terms of nefarious as you mentioned.
Citidel a large hedgefunds/ market maker has been borrowing shares from black Rock (a competitor) to short stocks when covid was ripping the nation to shreds. In hopes to make serious profit by driving price to zero. And not having to repay the loans from shorting at 4 bucks a share and keeping the gains.
When retail got involved and took over the float for AMC and gme. Citidel was backed into a corner. There options were to continue to to short the price to zero. Or cover their position. Being that price isn't 4 bucks and now in the 200ish range. The millions of naked shorts daily. Have added up. And they don't have the fund to close their position and these company's just payed off all debt and put over a billion in surplus to the bank(gme/AMC) . They ain't going under. And the shorts can't afford to cover such a massive bill.
. So once it's been established that gamestop isn't going bankrupt. It seems the game should be over for the shorts. And yet they continue to borrow and sink the price. At this point. It's predatory. And that alone I call Nefarious.
This inflation bubble and reverse repo issue going on was already a problem. But the banks lending to the hedgefunds. They have money problems with the fed as well. Since treasuries about to be squeezed to shit just like the meme stocks.the meme stocks in my opinion are the pin that pop the bubble.
Wallstreet is wreck less right now.if any of the things I mentioned is news to you. Then for your own sake if involved In the market. I'd suggest looking into these things and hopefully you can prove em wrong as I'm not excited about the future of our economy. Don't get me wrong. I'm gonna profit like a motherfucker and inflation isn't going to phase me. But I'm just putting this stuff out there for speculation. Cause as the post title states
Maybe I'm right. Maybe I'm wrong. If I'm wrong. I'm just another silly asshole
If I'm right. Well then we're talking about the preface to the greatest transfer of wealth in the history of mankind.
