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https://www.barrons.com/articles/meme-stock-mania-life-support-51643329471?mod=past_editions
Submission: On January 31 via api from CH — Scanned from DE
Submission: On January 31 via api from CH — Scanned from DE
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We've detected you are on Internet Explorer. For the best Barrons.com experience, please update to a modern browser. CHROME SAFARI FIREFOX We've detected you are on Internet Explorer. For the best Barrons.com experience, please update to a modern browser.GoogleFirefox Search News & Quotes Barron's TopicsStock PicksMagazineDataAdvisorPenta100 Years Subscribe Now |Sign In Barrons A Year After It Began, Meme-Stock Mania Is on Life Support Next: The U.S. Heads Further Down the Path to Managed Trade * * * * Share This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/meme-stock-mania-life-support-51643329471 * Fintech * Feature A YEAR AFTER IT BEGAN, MEME-STOCK MANIA IS ON LIFE SUPPORT * * * * -------------------------------------------------------------------------------- By Carleton English Jan. 28, 2022 12:05 am ET * Order Reprints * Print Article Illustration by Pete Ryan The world has seen plenty of investment manias over the past 200 years, but January 2021 brought something truly unique—the meme-stock trade. Just a year ago, an influx of new retail traders, many flush with cash from federal stimulus payments and emboldened by free and easy-to-use trading platforms such Robinhood Markets (ticker: HOOD), bid up shares of several heavily shorted stocks, including GameStop (GME) and AMC Entertainment Holdings (AMC), to astronomical levels. These new investors formed virtual communities on social-media... Subscribe or Sign In to continue reading -------------------------------------------------------------------------------- * Trade THE U.S. HEADS FURTHER DOWN THE PATH TO MANAGED TRADE * * * * -------------------------------------------------------------------------------- By Gary Clyde Hufbauer Jan. 28, 2022 4:00 am ET * Order Reprints * Print Article A WORKER ADDS INNER SUPPORT RINGS TO COILS OF GALVANIZED STEEL. Sean Gallup/Getty Images About the author: Gary Clyde Hufbauer is a senior fellow at the Peterson Institute for International Economics Allies for more than a century, now jointly facing Russian and Chinese threats, the U.S. and U.K. are nevertheless squabbling over the steel trade. Resolution will likely lead the U.S. further down the troublesome path of managed trade. The dispute started in 2018 when President Donald Trump and his obliging secretary of commerce, Wilbur Ross, invoked Section 232 of the Trade Act of 1963, to issue an amazing finding: Steel and aluminum imports not only from NATO allies, but also from Asian allies Japan and Korea, threatened U.S. national security. In March 2018, to redress the imagined threat, Trump slapped a 25% import tariff on steel and a 10% tariff on aluminum. Since steel and aluminum are easily stockpiled, since U.S. military needs are in any event supplied from domestic mills, and since the Pentagon saw no need for protection, national security tariffs made no sense Continue reading Long Read -------------------------------------------------------------------------------- Close A YEAR AFTER IT BEGAN, MEME-STOCK MANIA IS ON LIFE SUPPORT The world has seen plenty of investment manias over the past 200 years, but January 2021 brought something truly unique—the meme-stock trade. From To Message SEND An error has occurred, please try again later. Thank you This article has been sent to Privacy Notice Cookie Notice Do Not Sell My Personal Information Copyright Policy Data Policy Your Ad Choices Subscriber Agreement & Terms of Use Barron's Archive Corporate Subscriptions Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. Barron's Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.