How coordinated buying by retail investors has turned the table on Wall Street. Are there signs of a market bubble? Topic covered include: What are meme stocksWhy GameStop's stock (GME) has soared to over $300 from $17 in less than a monthWhat are short squeezes and gamma squeezes and how they can push up a stock priceHow short-sellers including hedge funds are losing big against individual investors on the wallstreetbets subredditIs coordinated buying of options and stocks by individual investors illegal?How market flows into stocks are taking precedence over fundamental dataIs the stock market in a bubble and how does the current market environment compare to the 1999 Internet bubble and the 2006 housing bubble? Thanks to Truebill for sponsoring the episode For more information on this episode click here. Show Notes r/wallstreetbets FOR POSTERITY—Almost Daily Grants 1.25.21 GameStop can’t stop going up by Jamie Powell—Financial Times Reddit: bull attack by Jamie Powell and Philip Stafford—Financial Times How WallStreetBets Pushed GameStop Shares to the Moon by Brandon Kochkodin—Bloomberg Submit Your Pick for the Next Meme Stock Here posted by u/AssPowers 2/18/20—r/wallstreetbets 17 CFR § 240.10b-5 - Employment of manipulative and deceptive devices.—Legal Information Institute How'd You Guys Manage to Win so Big it Made These Old Guys Drown in Their Tears? posted by u/bawse 1/24/21—r/wallstreetbets Five Things You Need to Know to Start Your Day by Cormac Mullen and Tracy Alloway—Bloomberg Tweet by Paul Kedrosky (@pkedrosky) on 1/25/21 Baupost’s Seth Klarman compares investors to ‘frogs in boiling water’ by Ortenca Aliaj and Eric Platt—Financial Times US stock rally drives ‘ludicrous index’ towards dotcom era heights by Eric Platt—Financial Times See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Should the U.S. cancel $10,000 or more of student loan debt per borrower? What would be the economic and financial impact? Why the student loan system is broken and how to fix it. Topics covered include: How large and what is the growth rate of U.S. student loan balancesWhat are the projections for student loan lossesWhat are the pros and cons of forgiving student loansWhat would be the impact on federal finances of canceling student loansWhy the U.S. government is already technically insolventHow student loan programs should be restructured Thanks to LinkedIn and Policygenius for sponsoring the episode. For more information on this episode click here. Show Notes Student Loans Owned and Securitized, Outstanding—Federal Reserve Bank of St. Louise Senate majority gives Biden path to student loan forgiveness by Sylvan Lane—The Hill Schumer pressures Biden to bypass Congress to cancel $50,000 in student debt per borrower by Annie Nova—CNBC Biden will call on Congress to forgive $10,000 in student debt for all borrowers by Annie Nova—CNBC Outreach From Borrowers Could Overwhelm Student Loan System When Pandemic Pauses End by: Sarah Sattelmeyer and Lexi West—PEW Financial Report of the United States Government FY 2019 Warren makes case to Fed chair for canceling student loan debt by Naomi Jagoda—The Hill Student Loan Losses Seen Costing U.S. More Than $400 Billion by Josh Mitchell—The Wall Street Journal Final Monthly Treasury Statement Receipts and Outlays of the United States Government For Fiscal Year 2020 Through September 30, 2020, and Other Periods—U.S. Department of the Treasury Average Student Loan Debt at Graduation by Mark Kantrowitz—Savingforcollege.com Profile Of The Labor Force By Educational Attainment by Vernon Brundage, Jr.—U.S. Bureau of Labor Statistics Millennial life: How young adulthood today compares with prior generations by Kristen Bialkin and Richard Fry—PEW Research Center Forgiving Student Debt Isn’t a Great Stimulus Plan by Noah Smith—Bloomberg Average annual salary of bachelor's degree recipients employed full time 1 year after graduation, by field of study: Selected years, 1976 through 2001—National Center for Education Statistics NACE Salary Survey Winter 2020—National Associations of Colleges and Employers Australia’s student loan problem is a teachable moment for the U.S. by Jason Delisle and Alex Usher—Brookings See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.