GDP & Stocks Down + Inflation Up = Recession – Ep 805
The Peter Schiff Show Podcast
00:00
Robin Hood's Bad Earnings
The stock based on worek closed, is down 88 and a half % from its 21 high. But why did robin hood have bad earnings? The reason they're not making as much money is because their customers have lost so much money. A lot of inexperienced people that had no business trading options were trading options. As they were losing all their money, robin hood made money because they got the commissions. It's like the dukes in trading places. These guys lost money. And nowthe clients are broke.
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