Financial and Economic Brief - February 1, 2021by © Liberty Publishing, Inc.
How Option Trading Shocked “Short Selling” Institutional Traders
This is one story that has many of us scratching our heads and wondering; how can a group of small investors, using social media chat rooms, literally bring down the short selling strategy and trading algorithms of large Wall Street traders?
Part of the answer lies in how short selling works as well as how a group of small traders used options to exact a heavy toll on the Wall Street short traders.
What Will be the Economic Impact of Shutting Down the Keystone XL Pipeline?
Now that President Biden has signed an Executive Order shutting down the Keystone XL Pipeline, many economists are beginning to evaluate how much impact it will have on jobs and the US Economy as well as climate change.
One irresistible question is this; just because the pipeline is being shut down, will Canada use various other transportation methods to move their oil, such as by rail, trucks and ships and not lose a step?
The PPP “Second Draw” is Ramping Up and Small Businesses Need to Act Quickly
Congress has passed legislation that will provide an additional $284 Billion Dollars for small businesses. The Pandemic has certainly hurt many small businesses countrywide, and more specifically, restaurants in particular. The latter group will actually benefit to a larger extent because of the relentless devastation the hospitality industry has experienced since the start of Covid-19.
The Second Draw rules have changed slightly and it is important to file applications as early as possible.