Business
ASX to rise, Wall St rebounds sharply, iron ore slumps – The Australian Financial Review
Australian shares are set to leap more than 1 per cent at the open; Dow rises more than 450 points; GameStop rally stalls.
In two tweets, Mohamed El-Erian set the scene: Here is what todays highly volatile #GME price action looks like so far Its intensifying interest in the retail versus #HedgeFunds narrative, as well as that of the establishment crushing a retail uprising Its attracting increasing interest from politicians and regulators.
And all this seems to be crowding out any and all consideration of the larger issues of financial stability, pressures on efficient price signalling and resource allocation, and other…
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