/biz/ - Business & Finance

I drink your milkshake!

>>27418150
Melvin closed last week. The reason short% keeps going up is because people like me know the stock isn't worth 300 fucking dollars.

IT'S CALLED DEAD BOUNCE, ELI

I want to earn enough money that I can get away from everyone

>>17713593
OP, you think of money as too much of a 'real' thing.
Money is only used to measure how much things are worth. A means to an end. A unit of measurement. Nothing more.
So now, the numbers are changing in significant ways. In the 90's, life was quite good, and up until recently, we still managed to convince ourselves, that life was quite good and that it would continue to be good. So the things that are valuable in that kind of world, like stocks and retirement funds, were indeed valuable, because they promised to pay for your future in which you would party on a yacht and send your kids to college.
However, it looks a lot like we are entering a different kind of world, where life is not so wonderful. New diseases, lots of people who don't pull their weight in terms of productivity, plus we're running out of oil, which is the lifeblood of our comfortable lifestyle. And if we're forced to suffer such a big setback as a human race, the relative value of stuff will change dramatically. Those retirement assets I mentioned earlier? Nobody needs that stuff.
For example, a mild case doomsday: We enter into a deflation, similar to the Great Depression. Asset prices drop, and the value of cash shoots up. No one wants to invest any of their hard-earned money, and so, nothing important (like making medicine, for example) gets done.
Severe case doomsday: the value of cash drops alongside other asset classes, and we go into hyper inflation, similar to post-war Germany. Cash becomes worthless as people have no confidence in any facet of society. Only thing that's valuable now is food, medical supplies, weapons, and maybe various trinkets for bartering, like gasoline, gold, maybe random stuff like cigarettes, and the world goes into a mad max kind of dark age

>>17482305
based oil anon