Dear Subscribers,

This is what we learned this morning:

• FTX: we learned about the arrest of Sam Bankman Fried and about the firm’s hearing today.

We heard from several sources that FTX has been a house of cards built on deception.

It forced us to ask how many of these house of cards are stock market investors tempted to buy; watching stocks of small bad firms soar in the morning and give up all their gains later the same day. 

• Goldman Sachs plans to cut hundred of jobs 
• The price of . . .
  
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  Trick or Trade December 13, 2022
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