/biz/ - Business & Finance

>>21366166
keep selling please I need back in

>12 million cases

>1 million in America
>3 million worldwide
>stocks still booming

>>18317999
Yeah, no

>sold my sqqq bags at 21.12
>rebought at 20.75

Feels good to stop being emotional and just position myself better for the retest of the lows. And I didn't even burn a daytrade!

>>18203450 #
>>18203442 #
You don't understand. There is no cure. There is no vaccine. Before those are found the lockdown is the new normal. The deaths lag behind the infections. Tge entire US isn't even under lockdown right now. If tge entire us is put under curfew right now, infections will peak in two weeks, deaths in 5. But it doesn't matter, no one will be allowed outside before either

A. Literally EVERYONE is tested for antibodies (which is going to take a long time)

B. A vaccine can be found

MY PILLOW WILL HELP US WIN THIS INVISIBLE WAR

GOD WILL SAVE US, TRUMP IS GOD, READ THE BIBLE, BUY MY PILLOW

this is the most 2020 thing of 2020

So with the based retards trying to skip rent on April 1st, it's also payday.

Rental properties are valued partially based on some multiple of their rental income. Banks are also desperate for liquidity at the moment, one of their biggest sources will be from cash coming in from loans such as mortgages. Banks also own many repossessed homes due to failed mortgage payments.

So why not leverage your protest or just be a fucking chad with almost zero financial risk to yourself (unless you're stupid enough to get mugged or trip and fall and lose all your money in the wind) by just taking out your money in cash that you don't need in your account this month? How will you profit? You get a house one year from now!

You all know about fractional reserve lending, banks hold your cash because Da Roolz say that they can lend out about ten times as much as that. Therefore if they don't have your money they go broke, once they start going broke more and more people pull their money out, resulting in a bank run.

But how does this get you a house? Well, I'm glad you asked anon, remember how I told you banks also receive a lot of their cash from mortgages and hold a lot of repossessed homes as fairly liquid assets? Which are valued based on rent? Well, if we all pull our money out, now the banks suddenly need cash and they will raise mortgage rates to get it, this caused with boomers lack of foresight to save and suddent rent shock will cause them to default on their mortgages, bank repossess the home, makes a loss on the mortgage payments and is now extra desperate to get some liquidity. They now want to sell the house as fast as possible. You live in the house, you have pulled your money out and not spent it. You have done this for a year now, congrats you can finally afford to buy your own house.

You have effectively robbed the boomers and the globohomo with minimum effort.

thank me later.

>>18175749
IT'S GOING TO BATMAN

>>18160469
take a tolerance break retard and stop eating so many edibles

keep smoking though, it shows you're a willing sacrifice and this pleases coronachan

Louisiana up to 2300 cases from 630 a week ago

Ready for the bulltrap to pop on the jobless claims, friends?

>>18085521
Shit, good eye

>>18084144
>got my bf's quarantine dick

>>18035220

> He thinks economic growth refers to things actually growing or the number of things increasing in mass.


Once again, /biz/ is the least economically literate forum