• Venat0r@lemmy.world
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      10 hours ago

      It works because it somehow convinces some investors, and then others are just speculating on how long the equity spin cycle will keep going.

      It’s like a game of hot potato but the potatoe gets hotter with each pass.

    • gravitas_deficiency@sh.itjust.works
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      1 day ago

      I know - the blatant round-tripping is utterly fucking insane, considering how much that tactic contributed to the .com bubble as well as 2008.

      Also, fantastic visual representation of the situation lmao

      • Jhex@lemmy.world
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        1 day ago

        yes, it’s incredible because not only it’s a round trip of the same money, it requires each participant in the chain to pull 3 miracles in perfect order…