/biz/ - Business & Finance

>>57468961
-.45%

>>57221043
>opened a second early

>>56041140
-.26%

>>55855272
-1.72%
Made a little money on HE today though

>>55493486
You have a mountain of Vanguard funds... right?

>Earnings season is officially over

>>53060107
>"Surely Jerome isn't actually going to rape us all to death to save the economy and the dollar"
Lol, lmao even

Should I sell my TSM? I have been holding for about one and a half years and it hasn't worked out.
Is TSM a longer term hold?
>inb4 China

>>51431850

>20yrs old
>1.2 mil
Just fucking kill me…

>>51147206
>futures turn green pre-market
>instadump at open
This would be my preferred outcome.

It's over.

it's unironically over

>>49689428
No.
Energy peaked.

>>49513995
it really is over isn't it

>>49503897
>pinning your hopes on biden

>>30422842

>>30178463
>>30179540
2/
So what happens? The Federal Reserve, a private organisation with the legal privilege of being the only bank able to create USD steps in and buys bonds with the 'dollars' they create from nothing, in order to allow the government to spend more under the premise of 'stimulating the economy'. Now the government doesn't need to price bonds in a way that incentivizes private investment, they can just make bonds cheaper and thus allow themselves to borrow even MORE at lower rates.

MMT advocates say that this isn't a problem, that money printing isn't problematic and that we might as well merge the Federal Reserve and the US Treasury so the government can create as much money as they want (rather than 'borrowing' it from the Fed who creates it out of thin air anyway), but again this relies on the Keynesian notion that government spending is inherently productive, whereas in reality it causes distortions and is often very unproductive.

The problem is that the market sees what the Fed and the government are doing, they see the increases in money supply and subsequent inflation in the price of goods and services, and thus aren't interested in purchasing government debt without a higher return on investment. The Fed can't buy all government bonds without risking destroying the value of the USD, so the government must conform to market expectations and increase the yields of bonds to incentivize private investment. Bond yields can only really go up if the private market is being more productive (which clearly is not currently happening), so the government and Fed work together to lower interest rates for people to borrow money in order to bring forward demand (again, the fantasy of stimulating the economy). This works for a while because of time preferences, but when interest rates reach ~0%, the economy can't be stimulated by bringing demand forward anymore, and then it all goes to shit as the government pay its debt or fund itself.

>page 6

I hate being a wagie.
I want to go back, but at the same time if I spent another 5 years as a NEET I would also be unhappy because I would eventually feel like I've wasted my 20's.
I'm not going to make it, am I?

>MFW PIPP is a PnD because RH manchildren are too impatient to wait for PIPP to announce anything
You can't buy the rumor if there is no fucking rumor

>>26845793
Everything is rigged
Trumpfags are probably right about the election

$9

>Had alxn on my watch list since January because of a good DD on redit
>Never spent the time to look into them because I am not familiar with the pharma market
How many misses am I going to make this year, fuck.