Tag Archives: Stock markets

Bitcoin frenzy: How capitalism is fuelling another bubble

By Manus Lenihan The stock markets took a battering when Covid first hit in early 2020, but governments pumped them full of trillions in stimulus money. Thanks to this, Wall Street has swung wildly from a deep crisis to a series of absurd bubbles. Tesla has grown incredibly bloated and volatile, and it’s not the only one. “The entire thing ...

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Stock market gambling & GameStop: The billionaires own the casino

By Conor Tormey The price of shares for GameStop went up 700% in the past week due to what people have called a “bloodbath” with small investors, organised through a subgroup on Reddit, going against a Wall Street hedge fund’s prediction that the GameStop stock would fall.  GameStop has had massive losses in the past few years with the rise ...

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Stock Market Freefall as Fears of Recession Mount

By Daniel Waldron The collapse on the world’s stock exchanges on 9 March was the largest since the beginning of the global capitalist crisis in 2008. The fall on the US stock market at opening time was so severe that it led to a technical trade stoppage after just five minutes. The main reason for the global stock market crashes ...

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The economy: Precarious, neo-liberal growth fuels inequality

By Paul Murphy TD “Irish households have ‘never been better off’” blared the Irish Independent headline on 8 January 2018, citing an IBEC economic review.  A major propaganda drive is underway to suggest that the ‘good times’ are back and that the crisis of capitalism in Ireland over the past decade was nothing more than a blip away from the ...

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Is China’s stock market bubble bursting?

In the last number of weeks $3.2 trillion has been wiped off the value of China’s shares. The following article, written by an author for chinaworker.info at the beginning of July, looks at the reasons behind this tumble in share prices. “Before leaving the world, I wish to say I concede defeat. With capital of 1.7 million yuan and four-times ...

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