/biz/ - Business & Finance

>>17823137
It's over. The economy is finished

>Haha brrrrrrrrrr
>This will solve all of our problems
>BRRRRRRRRRRRRR

>>17823137
is the euphemism "kiicking the can down the road" accurate in this instance?

>>17823137
Kek, 1.5T thrown at the market on thursday without noticeable effect. The Fed is just expediting hyperinflation at this rate.

>>17823137
so they panic and print more money?
sounds bearish to me

>>17823190
Is this road in Mumbai and do you poop on it?

>>17823137
buy btc retards

>REST IN PEACE BEARS
YOU'RE SO DUMB
BONDS ARE FALLING. THEY WILL HAVE NEGATIVE RATES SOON.

THIS IS A BEARS DREAM. THE BUBBLE IS BURSTING AHAHAHAHA

KILL THE VIRUS WITH MONEY
BRRRRRRRRRR

>>17823137
And they are throwing 10 trillion at the market

>>17823137
Good. Everything will at least 3x before the economy collapses for real.

Trump commands the Fed, it seems.

it's my money and I want it now

didnt they already pomp eet on friday by 1,5 trillion?

Time for another dead cat bounce

>>17823137
stocks are going to moon tomorrow

>>17823213
That was only bonds unfreezing for liquidity.

>>17823224
what?

>>17823137
what number comes after 0?

HAHAHAHAHAH RIP TO ALL THE MIDWIT BEARS
IMAGINE DOUBTING THE STRONGEST PLUNGE PROTECTION TEAM ON THE PLANET

EVERYONE GET IN

>>17823349
usd will be worth jack shit after this nigger.

>>17823137

>>17823137
Holy shit its actually happening, never thought I’d live long enough to see this day, hope you autists bought some metals, you’re about to inherit the world

>>17823369
THATS GOOD FOR ME CAUSE IM HOLDING BITCOIN AND GOLD
GET FUCKED FIAT KEKS

>>17823190
Actually no, because the coronavirus shutdown is going to be temporary and won't even last until Q3.

>>17823369

So? It will just drag down everything else too and things settle down. All currencies base on dollar not the other way around. And I say this as a Scandinavian nigger lover.

It’s fucking over folks. Like it’s done. It finally happened.

>>17823137
Hahaha they are so desperate. We're going to have a global great depression arent we.

>>17823422
I’m excited for you guys

the prophecy was true

btc to 87,000
gold and silver gonna moon too

>>17823369
the economy is fucked anyway they hope that it will bujy them time to deal with the situation we will se if it is enough

>>17823441
yea but the trillions printed is going to devalue the dollar that much more...

Goodbye bears. Don't let the door hit you on the way out.

>>17823496
WHO GIVES A FUCK MY STOCKS ARE GOIN UP!

METALCHADS RIGHT NOW, WE DID IT LADS!!!!

>>17823186
this is gold

>>17823492
mark my fucking words; mad max in a month.

>>17823489
Didn't know I would ever use these memes again after so long.

>>17823496
Wow if only there was some sort of alternative currency or store of value that you could use to make quick, low cost, peer to peer transactions with that wouldn't be affected by inflation

The Fed should be abolished. Them having 0 interest rates is a step in that direction.

>>17823577
Wow btc is none of these things.

$INKING
THIS
CURRENCY
WITH NO
SURVIVORS

God damn dude, wish I had money to gamble right now. I’d blow a couple thousand on options just to try to scrounge something out of this.

Basic gestalt on what's going on anyone?

>>17823587
and pumping gold and bitcoin.
holy based.
print away boomers!

>>17823452
don't be stupid, the Dollar can easily devalue against the Euro.
you can also have significant inflation in the US while you have limited inflation in the Euro-zone.

>>17823489
wow btc is really gonna be worth a million dollars soon for real...it's just that the dollar won't be worth shit instead

What does it mean for people? Should I see my dollars? If so, what should I buy instead?

>>17823186
>Oh no, the economy is failing because there is too much debt!
>Quickly everyone, borrow as much as you can!

>>17823190
roads are gone, we're kicking shit off a cliff now.

>>17823555
If it was gold they wouldnt be printing

>>17823682
>Can't create more debt if interest rates are 0
>...right?

>>17823641
The FED has capitulated and slammed interest rates to 0, which effectively means the USD has negative value, as holding it guarantees a yearly loss of at least 2% due to inflation.

>>17823137
That's it, FOMOED as soon as I saw this thread its news like this which makes a FOMO justified thank you /biz/

>>17823137
>stupid boomers go all in fiat
>fed prints 10 gorillon dollars
>dollar takes a plunge
>boomers get the rope before coronachan can even get to them
divine justice

>>17823684
lol

QE should be illegal, preventing inflation and encouraging saving should always be the priority.

Dow down 4k points monday

digits decides what futures open up later today

>>17823482
4u

OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>>17823266
holy shit. How much have they spent in the repo market so far?

>>17823810
The thing is, it works until it doesn't. Do you think normies give a fuck about this? no, they want stonks to go up, which the fed will help with. Just buy assets and stay comfy.

>>17823851
stop being antisemitc

>>17823422
Don't worry as people flock to stablecoins I will become rich hoarding RSR. Then I will buy gold and hoard that as well.

>>17823851
It started back in September, numbers usually around 20-80 billion. People have been warning about this but no one listened.

>>17823213
Actually not. Hyperinflation is only a problem when it happens to solitary countries. The whole world is being fucked so Fed can do crazy shit without sticking out particularly

>>17823851
IT DOESN'T FUCKING MATTER S&P TO 100000

I didn't realize interest rates made pandemics disappear.

As someone who knows nothing about finances, can anyone tell me why the rates being set to 0 is bad? Or is it merely an indicator of how bad things are?

GUYS I HAVE $100,000 USD IN MY SAVINGS ACCOUNT, NEVER BOTHERED WITH THE MARKET

WHAT DO I DO, DO I HOLD IT IN SAVINGS OR DO I PUMP 100K DOLLARS INTO MY 401K

SHOULD I TAKE A LOAN OUT FOR 10 GRAND AND CASH IT OUT IN GOLD???

>>17823909
It's because liquidity is dried up, it's 2008 all over again but on a much bigger level.

>>17823912
Interest rate at 0% means your money has no value being stored, no incentive to be saved.

In this case the rate is set at 0% so that borrowers don't have to pay anything to use the credit lines.

/k/ fag here, what does this mean for me? as someone who's trying to buy a home?

>>17823923
401k

fed is pumping this market with no survivors

>>17823912
they are pulling every trick in the book to save the economy in the short term which in the long term is going to cause dollar devaluation...look what happened to asset prices before and after all the QE we did around 2008

>>17823923
Praise the fed! That $100k will be enough to buy a few candy bars and a bottle of water, unless you buy stocks! Brrrrrr!

>>17823912
look what happened to japan since the early 90s and Europe since 08. US is next

>>17823958
better question
should i buy a g19?

*honks in brrrrrrrrrr*

>>17823885
500 billion in one day? Wholly shit I dont follow the repo market, but the annual federal deficit is ~900 billion. They are spending half of that in 1 day.

Hey hey heeeeeeeeeey… Hey hey heeeeeeeeeey… Hey hey heeeeeeeeeey.

What’s-a, what’s-a, what’s-a, what’s-a, what’s-a, what’s-a, what’s-a, what’s-a, what’s up, RSRCONNEEEEEEEEEEEECT!

Hey, hey, hey, everybody, my name is Nevin Freeman and I am coming from Oakland, California!

Let me tell you guys that I am so excited, I am so happy, I am really so thrilled to be right now sharing this amazing, glorious, super and exciting moment of my life with all of you guys. And let me tell you that we are really changing the world as we know it. The world is not anymore the way it used to be, mm mm, mm, no, no, noh!
Faith and belief is the one thing we will need to be able to change the world. And right now, I believe, that in this room, we have the seed, that’s gonna germinate, and that is going to explode, into an amazing opportunity for us to change this entire world!

RSRCONNEEEEEEEEEEEEEEEEECT! WOOOoo… RSRCONNEEEEEEEEEEEEEEEEEEEEECT!

>>17823955
>>17823962
>>17823972
Oh, okay thanks.

>>17824006
The latest repo operations are 1.5 trillion.

The QE is at 700 billion, that's the same number for the total amount of QE done in 2008 btw, and this is just the first of many waves.

How long does the effect on economy can this be felt usually?

>>17823923
Buy gold, good inflationary hedge

>>17824070
Let's just say you don't have to worry about your store running out of TP anymore. You can just use freshly minted 100 dollar bills.

>>17824070
Immediately! The fed rate cut cured coronavirus. I’m buying plane tickets and booking hotel reservations right now!

>>17823247

Want the real redpill?

Japan has had negative interest rates for some time.
Japan keeps ticking with clever tactics
The great Japanese bubble was a huge experiment and case study by the USA. They initiated it by giving Japan 0 export taxes, and free technology.

The USA has learned what happens after an impossible amount of fake money is floating around, and how to manage it so it doesn't explode. Japan is a huge case study and experiment of the USA on everything from QE to negative rates.
Notice how Yen pretty much pumps whenever USD is in the shitter? Its all to do with these clever banking tactics.

Dont be surprised what what the USA can pull off from what they learned from their ginea pig

>>17823266
where can I look at this besides your screenshot

>>17824006

They’re technically loans, so it isn’t just “given away” exactly. They’re supposed to receive it back with small interest. But now that the rates are zero they’re basically giving it away, though of course it still has to be returned to them. That is only for repo stuff though, outright purchases (which they are doing) of course sends cash into the economy in exchange for bonds, which the Fed will hold on to until it decides it wants to unload that stuff back into the market. Theoretically then it will receive some of its money back.

>>17824070
last trick was good for near 24 hours
no guarantees by heavily-repeated usage tho

>>17823923
You know it doesn't work like that, right?

negative interest rates soon

withdraw all your money before the bank run

>>17823137
>RATES TO 0
>RATES TO 0
what does this mean?
I just heard Trump say it on the television machine and I know nothing of the /biz/ world.

WHAT THE FUCK DOES THIS MEAN?

How will that affect other currencies, such as the Euro?

>>17824176
>Withdraw your money

Useless in this day and age. It's all numbers being stored in computers.

>>17824204
It means last chance to sell the dump tomorrow, we're heading for a global crisis after that. 2020's economy will be a shitshow because of the Chink Flu panic.

Has this ever happened before?

What does this mean for mortgage rates?

>>17824292

this someone answer should i go through buying this house. I'm fucking panicking

Does this mean anything for a potential house buyer?

Lower interest rates?

>>17824147
https://www.newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details

>getting the lowest mortage intrest in the history
>im just about to buy a house

>>17824292
it will decrease, it did so in Europe at least.

when will the great reset happen?

>Just got a 5 year fixed mortage on my house
FUCK

>>17823137
MONEY PRINTER GOES BRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR*** YANKEEE CHANGE THE OIL OF THE MACHINEEE *** BBBBBBBBRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

>>17824367
You can still refinance. Call your lender next week.

HOW DO I PREVENT ALL MY MONEY FROM GOING POOF BY THE BRRR MACHINE

FUCKKK, 59% were shorting just an hour ago

>>17823772
bonds have negative rates. The USD has always had negative value

>>17824292
Negative interest rate mortgages coming soon! Get PAID to take out a mortgage like in Denmark hahahahaha

Ok, im kind of retarded when it comes to trad markets. How this will affect oil prices?

>>17824055
Low quality desperate FUD. When RSV drops it will see instant adoption because people are panicking and exiting all crypto for stablecoins, Maker also shit the bed recently. We're gonna be filthy rich friend!

>>17823137
Get ready for the biggest crash in history boyyos

>>17823137
rates have been zero or less in europe for at least a decade, no biggy

>>17824774
cringe

>>17824721
lower interest means its cheaper to buy money

cheaper money means its cheaper and less risky to buy money to expand or invest

when its cheaper for companies to expand or invest they tend to higher more people

the more people that have a job means they produce and buy stuff

So stonk go up tomorrow?

>>17823577
>Bitcoin
>store of value
Really nigger

>>17823577
don't mean shit when you have no electricity in mad max

>>17823137
I just bought the dip so hard. bnb wrx ogn xtz.

>>17824320
no you've got a pretty decent chance to get it for a good discount in maybe two quarters

>>17823649
this, lmao

>>17824339
based anon delivering the sauce

>>17824458
THERE IS NO STOPPING THE BRRRRRRRR MACHINE FROM SHITTING A COLOSSAL PILE OF MONEY ON YOUR VERY SMALL ONE

>>17823186
FASTER AAAAAAAAAAAAAAAAAAAAGH

>>17825089
unchanged to green most likely
every limit down will get bought up

>>17825674
oh my god lol

>>17825674
OH FUG
breddy ebin

>>17825674
Based

>>17825089
that ID Whoaaaaaaaaaaa
Pink W0IjjaQ xD

GO UP ASS FUCK XD

>>17825674
FASTER!!!! D: !!!

Sweden and Germany have negative rates but they aren't having a biblical collapse of the society, why do you guys fear 0% rates in the US?

>>17825674

>>17825674
kek. I hope central bankers see this gif and realise how fucking stupid we think they are.

>>17825674
Based

>>17825818
lmao, that's exactly what they're about to have
Sweden has been in full collapse with violent gangs in the streets for years already, and with Deutsche Bank about to collapse the same will happen there

>>17825871
central bankers aren't stupid at all. they prop up the market until they can sell, then they let it drop on our heads

they are literally smarter than everyone here

>>17825818

It's not so much that the US has negative rates, but the MASSIVE out-of-meeting-cut that took place to get there.

It's a GFC-era response.

>>17823890
Annnnnd futures down not even this could pump it

>>17824256
no

>>17823289
This is no time to joke around with JG Wentworth commercial one liners bub

>>17823923

its already too late. the hatch is closed on this moon mission

> Powell: We do not see negative interest rates as prudent to helping the situation here
He just admitted they're basically out of options.

>>17823137
oops

>>17826126
>t. 877-cash-now

>>17825674
Good shit

>>17824292
>>17824320
It's not the mortgage rates you should be worry about, it's the housing prices. They are likely to drop in the short term as people who might have been in the market for a house delay their plans due to a layoff, general uncertainty, etc.

However, if you're planning to live in the place long term (as you should be, if you're buying a house) don't worry about it. You can look into refinancing and the rule of thumb is that if your reduced payments would pay for themselves over a year, it's worth doing the refinance.

>>17826559
DICKEY

can someone give me a straight answer? i have like 5k in crypto that was 13k three weeks ago, is it too late to sell or is everything getting way worse before it gets better? i just dont wanna fuck myself if it pumps

SQQQ price by end of year? $35,000?

>>17823577
yeah i think this narrative has been definitively proven false by now

>>17826636
It was too late last week

>>17825089
>w0lJJ4aQ

literally wojakposting with a wojak ID, wtf

>>17823643
This aged like milk

brrrrrrrrrrrrrrrrrrrrrrr
https://www.youtube.com/watch?v=5l4OEJ38aLY

>>17823890
Did you look at the futures? S&P is going to $150 minimum before Wednesday.

>>17826905
Judging by my ID crypto will fall just a hard.

>>17823851
>repos mattering
repos are short term liquidity, what's important is the QE for 700 billion.

>>17826905
Interstingly enough, Apple, Facebook, Amazon, Netflix, etc. virtually all individual stocks that make up the Tech 100 are up +5-10%, while Tech is down as much as S&P500.

Why are the overall market going down, when the individual stocks it is composed of goes up? a difference in volume perhaps?

>>17825674
Topkek

>>17826737
so you expect us to bounce soon, crypto at least? though we are clearly correlated

>>17824143
yeah but the yen is the global reserve currency you dumb fuck
just wait until China dumps worthless T bills and OPEC stops trading oil in USD.

There will be another war. The war to end all wars.

So, what happens when every country on earth has zero or negative interest rates forever?
Is there any prospect of them going up again? Separate questions I guess.

>>17827115
>he doesn’t know they are directly buying large/ultra large cap stocks

>>17825674
Hurry!! the blacks are starting to wake up HURRY!!

>>17825674

>>17825818

Because Sweden isn't the Reserve Currency of the world....WE ARE.

Everything is linked to the U.S dollar. Everything is pegged to our dollar.

IF our dollar falls, the world falls. Understand?

>>17823315
Futures hit the breaker.. See for yourself

>>17825674

>>17825089
you tell me, pink w0jaQ

happening.gif

Memes aside, I'm genuinely terrified about what this means for the near-term future of US bonds.