Dan David, founder of Wolfpack Research, explains why the short of Game Stop represents a bigger picture of failed monetary policy in the U.S.
The political establishment is mad about the wrong people playing in the stock market, and more regulations are coming. David, one of the legendary shorts in China, says his sources tell him the Securities Exchange Commission is gearing up to limit the ability of individual investors in the market.
“They’re going to start regulating against the individual investors,” David said. “I know for a fact the SEC is discussing it right now. I wouldn’t be surprised if [Jerome] Powell spoke on it today.”