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Kaylee Wells

πŸ‘€ Speaker
373 total appearances
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Appearances Over Time

Podcast Appearances

Marketplace
Services stall as manufacturing booms

Now I've lost it.

Marketplace
Services stall as manufacturing booms

An hour later, after more tries than I want to disclose, I finally spot what looks like a yellow ping pong ball with wings.

Marketplace
Services stall as manufacturing booms

I see him.

Marketplace
Services stall as manufacturing booms

I did it.

Marketplace
Services stall as manufacturing booms

That's so exciting.

Marketplace
Services stall as manufacturing booms

Greg Miller, who's leading the tour, is perhaps even more invested in my success than I am.

Marketplace
Services stall as manufacturing booms

Is that my spark bird?

Marketplace
Services stall as manufacturing booms

You have to tell me what kind of bird this is again.

Marketplace
Services stall as manufacturing booms

My spark bird hasn't inspired me to drop $1,000 on binoculars, but I did hang a bird feeder in my yard.

Marketplace
Services stall as manufacturing booms

Or three.

Marketplace
Services stall as manufacturing booms

In Oak Harbor, Ohio, I'm Kaylee Wells for Marketplace.

Marketplace
Yet another stockpile scramble

Short squeezes start because investors bet on a stock doing poorly, also known as taking a short position.

Marketplace
Yet another stockpile scramble

Here's an example.

Marketplace
Yet another stockpile scramble

In this example, Paul Shea of Bates College will borrow a bunch of shares of Avis stock, sell them while they're overpriced, and then when the price falls, he'll buy them back up and return them to his lender.

Marketplace
Yet another stockpile scramble

Now, Avis was ripe for the picking because rental car companies have had a rough go recently, says Tyler Shipper with the University of St.

Marketplace
Yet another stockpile scramble

Thomas.

Marketplace
Yet another stockpile scramble

But when too many investors take that short position, it drives up the demand for the stock.

Marketplace
Yet another stockpile scramble

So the stock price climbs and climbs and climbs, making these investors' bets fail spectacularly.

Marketplace
Yet another stockpile scramble

Because the people who lent their stock to the investors say, hey, that stock's worth a lot now, so I want you to give it back.

Marketplace
Yet another stockpile scramble

But oh no, the investor sold it, remember?