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WOW $1400 THIRD STIMULUS CHECK UPDATE Biden’s Executive Orders + Unemployment SSI SSDI
Here’s your daily stimulus check, your second stimulus check, your third stimulus check, your executive actions, executive orders, memorandums, moratoriums, and stimulus package update for Saturday, January 30th, 2021.
But first, a billionaire is blaming stimulus checks for the volatility taking place in shares in GameStop, AMC, and other stocks.
GameStop shares soared 1,545% since Jan. 12th after a group of investors banded together on a Reddit forum to squeeze short-sellers who had bet against the company which they believed had poor fundamentals.
Billionaire bond-fund manager Jeffrey Gundlach told FOX Business, “I think wherewithal from government stimulus ultimately is really the cause.”
Gundlach continued: “The money allowed the investors, or speculators, to “pile drive” the hedge funds, forcing them to cover their short bets for substantial losses.”
The SEC is currently monitoring the current developments after brokerage accounts stopped customers from buying a number of stocks.
Gundlach stated, “The hedge funds can do what they want, but if they aren’t warry of their…