, Columnist
Reddit Isn't the Real Financial Danger
The power of the social-media crowd to really take on the system is wildly overstated. Limitless QE is the bigger problem.
Fizzling out?
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It's been an exciting distraction while everyone is working from home but the actual ability of the Reddit mob to move markets, become a systemic risk or justify the absurd amount of column inches wasted on them (to which I am about to add) is about to fizzle out.
The power of the social-media crowd to really take on the system is wildly overstated, a point emphasized by JPMorgan Chase & Co. analysts. It’s a blip compared to what the world went through in March last year, as market volatility indicates.