Macro Guru Raoul Pal Says Fresh GameStop-Led Meme Stock Frenzy Has Nothing To Do With Interest Rates: 'Clock Is Ticking On The 25-40-Year-Olds'
Macro Guru Raoul Pal Says Fresh GameStop-Led Meme Stock Frenzy Has Nothing To Do With Interest Rates: 'Clock Is Ticking On The 25-40-Year-Olds'
The meme stock frenzy reignited on Wall Street this week, fueled by the return of "Roaring Kitty," a key player in the 2021 surge. This resurgence sparked a discussion on the psychology driving these volatile investments, with economist and former hedge fund manager Raoul Pal offering his insights.
本週華爾街再次點燃了模因股狂潮，這得益於2021年股價飆升的關鍵人物 “咆哮的小貓” 的回歸。這種復甦引發了關於推動這些波動性投資的心理學的討論，經濟學家和前對沖基金經理拉烏爾·帕爾發表了他的見解。
What Happened: A social media user took aim at traditional finance theories suggesting low interest rates caused the meme stock phenomenon surrounding GameStop Corp. (NYSE:GME).
發生了什麼：一位社交媒體用戶將目標對準了傳統金融理論，這些理論認爲低利率導致了圍繞GameStop公司（紐約證券交易所代碼：GME）的模因股現象。
"One of the funniest things is tradfi assigning the GME/meme phenomena to low interest rates. Well guess what...interest rates are at multi-decade highs and they running it back again lmao," the user said.
“最有趣的事情之一是 tradfi 將GME/MEME現象歸因於低利率。好吧，猜猜怎麼了... 利率處於數十年來的最高水平，而且又回升了哈哈，” 該用戶說。
Pal agreed with this argument. "Yeah, its nothing to do with interest rates but the need for speculation to get ahead because of interest rates, debasement, jobs, etc," he said. "The clock is ticking on the 25 to 40 year olds..."
帕爾同意這個論點。“是的，這與利率無關，而是需要投機才能取得成功 因爲 利率、貶值、就業等，” 他說。“25至40歲的孩子的時鐘在滴答作響...”
Yeah, its nothing to do with interest rates but the need for speculation to get ahead because of interest rates, debasement, jobs, etc. The clock is ticking on the 25 to 40 year olds...
— Raoul Pal (@RaoulGMI) May 14, 2024
是的，這與利率無關，但由於利率、貶值、就業等，需要進行投機才能取得成功。25至40歲的年輕人的時鐘在滴答作響...
— 拉烏爾·帕爾 (@RaoulGMI) 2024 年 5 月 14 日
Why It Matters: The Fed funds rate, a key benchmark impacting borrowing costs, currently sits at a 22-year high of 5.25%-5.50%.
爲何重要：聯邦基金利率是影響借貸成本的關鍵基準，目前處於22年來的最高水平，爲5.25％-5.50％。
Pal's point resonates with the current economic climate. The post-pandemic period has brought significant uncertainty, with inflation rising and the Fed raising rates to combat it.
帕爾的觀點與當前的經濟環境產生了共鳴。後疫情時期帶來了巨大的不確定性，通貨膨脹率上升，聯儲局提高了利率以應對這種情況。
Companies struggling to grow revenue have resorted to layoffs, impacting personal finances.
努力增加收入的公司不得不裁員，這影響了個人財務。
Millennials, the first generation raised on the internet, are particularly affected by these financial anxieties. A 2023 Northwestern Mutual study revealed that 54% of respondents belonging to this category experience depression due to financial uncertainty, compared to 34% of the general population.
千禧一代是在互聯網上長大的第一代，尤其受到這些財務焦慮的影響。2023年西北互惠的一項研究顯示，該類別的受訪者中有54％因財務不確定性而患有抑鬱症，而普通人群的這一比例爲34％。
New Meme Wave: Amidst this backdrop, meme stocks like GameStop and AMC Entertainment Holdings, Inc. (NYSE:AMC) have experienced a dramatic rise. So far this week, GameStop has gained 179% and AMC 135%, with trading halts interrupting the rallies.
新模因浪潮：在這種背景下，GameStop和AMC娛樂控股公司（紐約證券交易所代碼：AMC）等模因股票大幅上漲。本週到目前爲止，GameStop上漲了179％，AMC上漲了135％，交易暫停打斷了漲勢。
Before Monday, GameStop was down slightly for the year, while AMC was down a steeper 52%. The stocks closed Tuesday at $48.75 and $6.85, respectively, with whopping gains, according to data from Benzinga Pro.
週一之前，GameStop今年略有下跌，而AMC則下跌了52％。根據Benzinga Pro的數據，該股週二分別收於48.75美元和6.85美元，漲幅巨大。
譯文內容由第三人軟體翻譯。