Hey everyone,
Here is the article: https://www.zerohedge.com/markets/chinas-economy-suddenly-disintegrates-land-sales-crater-90
He summed things up nicely at the end: "Bottom line: Beijing is facing an economy whose wheels have suddenly come off, and unless China's political elite is willing to unleash another massive monetary and fiscal tsunami and bail out the economy all over again - something Beijing has repeatedly vowed it won't do this time - a hard landing, whether or not accompanied by a Volcker Moment, is virtually guaranteed."
I'm sure all the pedes here will have much to discuss about this.
Reported short interest data is not accurate. FINRA data shows that institutions own 66.9 million shares of GME. The float is only 63.5 million. That number doesn't include retail investors, home offices, or whales that are long the stock. https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126:0P000002CH click on shareholders then scroll down to Equity Ownership and click on Institutions. It's not just GME in a short squeeze situation. Institutions own 176.31% of Bed Bath & Beyond BBBY. This is only possible if there is fake synthetic counterfeit shares in circulation. M, XRT, OSTK, MSTR, LULU and PETS are in a similar potential short squeeze situation. When margin calls happen and these stocks start rocketing it could bring down the whole market 1987 style. r/superstonk on reddit has some excellent DD worth reading.
Not financial advice.