Photo: Simon Ridgeway / HBO
spoiler for industry season two finale, “Jerusalem,” below.
I keep waiting for the moment when my mind starts to understand the meaning of the words in the stock market. I thought maybe it would be during this Arabs With talk of capital gains like deleveraging and assets under management and gut-stabbing – everyone teases each other, discusses their wants and dreams and concerns, then bam, Something to do with High-Frequency Trading Algorithms! At various points, I’ve assumed it would click during succession With bear hugs and constant back-and-forth about majority stake and share prices, Royce unable to express feelings for each other except in the form of market value. Both of those genres work for their respective shows, but neither is going to be the thing that ultimately taught me what interest-rate swaps are. industry That’s when I realized that I would never, ever be able to move beyond the most basic understanding of a small squeeze, and its rag-roaring season two finale He’s the one who assures me that I never, never want to.
of hbo series second season Everyone aspires for a second season and achieves something. If it was just about the fall of Yasmin’s relationship with her father – Grumpy, then furious, then plaintive but determined – that story line alone would have made it worth watching. And all the messy, weirdly beloved business Newcomer Jesse Bloom The show lacked notes of the hobby in trying to get his son into Oxford, while playing directly into his obsession about classism.
But the big, thrilling set-piece scene of this ending — Bloom’s fast, sizzling, not really legit market maneuver — is industry Excellent talking point for your money. After spending an entire season trying to build partnerships with Megainvestor, Harper Appears to fail him. They are creating an elaborate short drama that belongs to a pharmacy company called FastAid. Harper is advising Bloom to short this pharmacy chain’s stock on the assumption that FastAide stock is about to plummet, but he didn’t know it would become a meme stock and thousands of Reddit investors were trying to push the stock price back. Will rally. Furthermore, it looks like Amazon is about to acquire FastAide, and news of that deal will cause its price to skyrocket.
Bloom’s short position means that he is going to lose millions of dollars. Harper tells her to get out of it. Meanwhile, her attempt to get a position at a different investment firm doesn’t fail, so it looks like she’s going to have an epic accident and burn out with Bloom.
until. until! Harper tries to convince Bloom that it’s clearly important for her to get out of her short position that the one thing everyone had assumed was the Amazon deal – an antitrust investigation by the UK government – would not actually happen. .
Next time we see Bloom, he’s on the set of the CNN finance-news show talking about how impressive his investing skills have been. Also, he is texting Harper to buy all available stock of telemedicine company Rican. Harper runs to the trading floor and starts yelling at Rishi for buying everything. Buy it all! Do what the man on TV says! And then Bloom leans back in his chair on the TV set and says, “Elsewhere in this world, Amazon’s purchases of FastAid will be forgiven. I’m just glad they’re still there in a place like the UK.” Take anti-competitive rules seriously.” Harper, Joe Agep, stares at two screens at the Bloomberg terminal. In one screen, the graph collapses. In the next, it rises.
Bloom held his short position on FastAide, bought a ton of Recon stock, looked into a TV camera, and talked about how great it is to have anti-competitive rules, and how it turned a disastrous financial situation into a swift and impressive one. That was enough to change. victory. He has also completely spoiled Harper, who feels he has helped Bloom perform a surprising bit of insider trading.
These are all details (and I can’t stress this enough) I barely understood while watching the episode. Instead what I saw was speaking of a new reality in Bloom’s existence. Nothing about the physical world of the show has changed; nothing can ever happen Really change. Like magic, however, Bloom says something on the TV and the graphs on Harper’s screen begin to crash. The specifics of the financial jargon are just insignificant—or rather, my ability to understand them immediately doesn’t hinder my enjoyment of the show. The only thing that matters is Bloom used the kind of language that gave her more power and Harper less.
I first remember bathing in TV jargon Is On cable: Medical terminology was a fast, detailed, high-stakes piece of information, and without medical procedures for years not yet imprinted in my brain, some of it had no real meaning to me. But eventually those medical words embodied some tangible reality: the patient lives or dies. Doctors succeed or fail. Medical jargon is descriptive, and its power extends only to an immovable point where words can no longer fix whatever has gone wrong. For the current rash of shows full of financial jargon, however, the characters have an endless power to speak to any circumstance in existence. If only you could find the right combination of magic words – make the exact right decisions at the exact right time – you could win or lose everything.
If Arabs Uses money talk as a weapon and succession Uses the language of business as a metric for love, industryFinancial jargon is a form of sorcery. It is a version of demonstrative speech that is a very real form of power in our world, and the movement of financial markets ultimately shapes our physical reality. but within the world of industry, It’s an addictive sweet spot between immense power and pure gimmicky belief. Does it matter if I understand how all the magic works? Not particularly! All that matters is the contrast of a medical drama, which has its strange physical solidity, industryThe financial jargon is so mysterious and absurd that I can never tell when the magic will suddenly end. That’s why this season’s finale is so shocking: Yasmin’s key stopped working; Harper is sitting in front of a human-resources employee who is taking away his job. For industryHeroes of, the magic words finally collapsed.