/biz/ - Business & Finance

who the fuck thinks the economy is fine?

everyone agrees drumpf killed us

>>18002011
He was good for the culture war, but terrifyingly incompetent and delusional when handling coronavirus. At this point, he won’t resign, but ought to, or at least removed from office. This press conferences are hilarious, but scary. He wastes time defending himself, when he should nut up, accept all the responsibility, even if its not his, and actually be a leader instead of acting like a child who feels he was tricked while playing a boardgame.

>>18002052

Pence gave Trump corona. Both are dead men walking. President Pelosi in a month.

People are hyping this up, but keep in mind that if the numbers are better than estimates it will have an impact on investor sentiment.

>>18002052
>He was good for the culture war
How
He did nothing there either

>>18001998
>tfw mostly crypto, PMs, and guns
>tfw in the hyperinflationary mass-unemployment and pandemic stricken future QTs will suck me off for protein bars and silver shavings while I pay my security forces with LINK and BTC fractions to kill their ex-husbands

>>18001998
This is bullshit I guarantee most of those people will not qualify. All those lazy niggers filed for EI cause they taking advantage of corona. And I guarantee a bunch of people just quit their jobs after hearing trump is giving then 2k

>>18002082
>runs economy into the ground and causes the second great depression

Libtards are btfo I am in the unemployment line watch them seethe at drumph LMAO

>>18002052
>>18002011
Kek I agree my fellow comrades I mean magapedes. I wish I never voted for him

>>18002103

I have a feeling you don't have a job or don't actually know anyone personally. A ton of people in various industries are getting cut due to shutting down or a lack of customers (hospitality, food service, gyms and so on)

>>18002118
>/pol/
You have to go back...

>>18002078
Imagine being worse and then the investor sentiment because that’s where we are headed.

>>18002052
>He was good for the culture war
he hardballed the chinks, now the bioweapon is released, he caused this

>>18002120
I do have a job. They arent going to fire their entire workforce just because they are closing for a week. You'll get laid off and collect benefits.

>>18002052
funniest thing about the press conferences is how to looks when others are talking

>>18001998
thanks trump

>>18002150

He desperately tries not to cough while pence holds his noise.

>>18001998
Trump bux are guaranteed for everybody who files so why not

>>18002148
>they are closing for a week.

m8 they are going to be closed or running at under 50% usual revenue for at least two months. Businesses are going to go under from this shit, and people will be without jobs

>>18002097
A fellow PNK holder in the wild. I will not be paying my staff in PNK. I will hoard that to the grave.

>>18002138
Yes it could very well be. However, do not get overconfident and don't cling, despite how right you think you are, to a position that may not be true. Exercise restraint and understand the basics of market sentiment.

>>18002052
The press conferences are entertaining, especially when he argues with the reporters.
But, I don't think he realizes that "We were the first ones to ever do that" is not always a good thing, especially right now during a pandemic

I hope that globalist capitalism will not recover

>>18001998
-ally going to completely crash. Can't wait, should be fun. Hope you all bought guns, ammo, food, and oil stocks.

>>18002177
Nah 4chan always predicts the worst case scenario. Nobody will go out of business unless their business was on the way out before this happened
Go home for a month and collect your benefits.

>>18002011

This would have happened regardless of the virus or who was in power. Economy had 3 years left max.
Economy simply can't keep on going forever when 99% of it is composed of debt money being pumped into stock buybacks for +10 years.
The super crash has been long time coming.

>>18002274

This happened because Trump and the GOP went full retard with max spending, tax cuts, and fake money printing to pump the stock market for 2020. The government should have been reigning this shit in to shore up the country and the private sector's finances for moments just like this. Instead they goosed the shit out of it to pump it for 2020, and now corona came and fucked us. But it would have happened from anything, Trump was just betting it would be after his election if even thought that far ahead at all.

>>18002082
>Sir, could you tell us how-
>SHUT UP SHUT UP YOU ARE FAKE NEWS
>Please, sir, I jus-
>LA LA LA I'M NOT LISTENING

>hahaha the fake news media is eternally BTFO, best president since reagan

>>18002011
His popularity is rising amidst the crisis, he will definitely win the second term. Delusional faggot.

>>18002165
what I don't get is just how much they all suck trump's dick, especially pence. its always "and the president has instructed us to.." &, "on the instructions of the president"

>>18002684

Trump surrounds himself with mindless yes man, then he is surprised when he gets "blindsided" by corona.

>>18002664
Jesus Christ kid

>>18002584
I'm not saying Trump's actions didn't make it worse, but 2008 recession was basically printed out of existence and the rate cuts and money printing has been going ever since.
Everyone who has supported QE since 08 and allowed stock buybacks with debt money and wanted to keep rates low, has been a culprit in kicking the can down the road.
Market would have tanked immediately at any moment between 08 and today if fed stopped propping up the market through different actions.
It was always a matter of time until this bubble popped either on it's own or though some other unseen disaster like this virus. Trump's presidency is just another cog in the system that kicked the can down the road.

>>18002772
Cope, tranny

https://thehill.com/homenews/administration/488597-majority-of-americans-approve-of-trumps-handling-of-coronavirus-poll

GO BACK TO LEFTYPOL COMMIES

Dialate

>>18002724
one can only hope that the us still has intelligent & competent people below. I wonder how unhinged trump will get when the panic really sets in and NYC goes full Wuhan

>>18002879
This. The virus is just an excuse for deflecting blame.

>>18002724

>>18001998
>trump orders to delay reporting unemployment from monday to Thursday


this week is gonna be fun.

>>18002664
Give it a week when the USA has 400k cases.

He fucked up hard by not comparing it to Spanish flu data.

>>18003087
Says increasingly nervous man for seventh time this month

>>18002011
>>18002112
>>18002125
>>18002150
>>18002161
>>18002165
>>18002184
>>18002684
>>18002724
>>18003060
>>18003087
Friendly reminder that communists lost so many arguments on /pol/ they had to flee to their own little /leftypol/ safe space. Please go the fuck back.

>>18002082
he owned the libs XDDDDD

>>18003340
No it’s just that /pol/ is leaving it’s safe space to post on other board and is deeply surprised the world isn’t a hugbox

>>18002649
>>>18002082
>>Sir, could you tell us how-
>>SHUT UP SHUT UP YOU ARE FAKE NEWS
>>Please, sir, I jus-
>>LA LA LA I'M NOT LISTENING
>>hahaha the fake news media is eternally BTFO, best president since reagan

Lol. I love it when he puts down the jew media.
They are so full of themselves that they seethe and chimp out so much at the smallest of jokes made about them. Its really entertaining.

Fuck the jew media. Burn it down.

>Drumpf? Orange man bad!

>>18003771
>>Drumpf? Orange man bad!

That never grows old because of how true it is. I made fun of trudeau by saying "Weak man bad!"

LoL. Trudeau is a weak man.

>>18003340
>MUH COMMIES
Fuck of Mutt

>>18002274
He didn't have to beg for lowered cuts to spite the black guy and say his economy was better. He could have listened to Jerome and have hiked the rates so that we'd actually have room to cut lower during an emergency like this instead of relying on going to 0% and praying for the best with funny money.
His ego and his hubris wouldnt let him. He wanted to be the best on paper so bad that he went full retard.

>>18002664

Holy shit the absolute state of trumpfags

It was funny at first to see people seethe but know he has proven to be an absolute goy and shill.

Kys

>>18002148
>You'll get laid off and collect benefits
Where does that money comes from, man?

>>18002879
This.

2 things are going to happen now.
1)Silicon valley and big business finally pays their fucking share, looking at you Amazon and Apple, and finances the trumpbux for the forseeable future.
2) Mad Max.

>>18003340
>Friendly reminder that communists lost so many arguments on /pol/ they had to flee to their own little /leftypol/ safe space. Please go the fuck back.

Lol yeah fuck those traitors. Libtards hate their own kinds so logically they should kill themselves.

>>18004064
I hope your country collapses you fucking fascist
I hope china buys you up.

>>18002143
You think this is China responding to the US fucking them over in trade?

>>18002052
OK, then Trump resigns, and in comes Pence.
Now what, Anon?
Can you grow up and accept Clinton lost, fair and square?
Next time, the Democratic candidate should attempt to not call potential voters deplorables.
I'm Brazilian, why am I even typing this shit?

>>18002097
Keep a fucking low profile, and remember that security forces will be mirin your stacks and wanting them for themselves.

>>18002175
Could you please post an image of a character whose voice actress didn't die of cancer?

>>18003370
You are the only one complaining about your safespace faggot.

>>18003911
4 more years

>>18002886
>>18003212

>>18003340
are you fucking retarded? criticising the ineptitude of trump & pence has nothing to do with pol bs or leftypol commie opinions

>>18002103
if you quit your job for a measly 2k i feel sorry for you.

>>18001998
And it’s only just begun. Dab on a bull’s corpse next week

>>18002052
>At this point, he won’t resign, but ought to,
I agree. Mike Pence would win the next election as an incumbent and we’d have a literal theocrat in office. Everything the left thought Zion Don would be, but also not retarded.

>>18002148
>They arent going to fire their entire workforce just because they are closing for a week
A week of zero revenue will kill most small businesses. Restaurants in particular. Also the stripped demand will last longer than a week.

>>18001998
More like goldman sacks

>>18003212
>increasingly nervous man
>approval rating steady as a rock
>even during four years of RUSSIA COLLUSION PUTIN IMPEACH IMPEACH CRIMINAL THIS IS THE BEGINNING OF THE END OF GRAMBAL GORMF
And the man you elected to defeat Zion Don’s incoherent rambling? A fucking dementia patient.

Dems must have some Freudian inner desire to lose that manifests as tripping themselves on purpose.

>>18005737
It also has nothing to do with the economy either. The economy was sick as a dog even before Obama was elected. We are in a hyper bubble that still has a long way to pop.

>>18002011
trump had nothing to do with it

>>18005930
How the fuck do so many businesses have zero ability to withstand a week of shocks. Anybody that's not a total retard has some sort of emergency fund because they know all kinds of unforeseen events could knock them back for a while. Yet somehow businesses can't last a single week?!

>>18002274
This. Coronavirus wasn't the only reason the economy crashed, it was on the brink of colapse already... it doesn't matter the president. It's not about Trump or anyone, just about reckless greedy behavior in corporations or government in general.

>>18007127
>last a single week?!

Try lasting a month and a half at absolute minimum

>>18007127
Any business that is not running 99.9% of the way to the edge can't compete.

Our economic system has made redundancy and surplus infeasible.

>>18007165
Who's the head of the government right now?, not Obama nor Hillary that's for sure.

>>18002011
trump was under pressure from external entities NOT to react the way china did. we knew the price of the dollar would come tumbling down by holding off a a week or two.

all of our 1% was given time to react to the way the market was going to turn once we turned the metaphoric economic ignition to the off position.
https://nypost.com/2020/03/19/georgia-senator-dumped-stocks-after-private-meeting-on-coronavirus-report/

they will say it's a blind trust but we know that these people have access to information normal citizens do not

>>18002011
>Trump killed the economy
Why are you even here? Just to shill your ignorance?

And this is the moment you wished Hillary were Prez.

>>18007464
The President doesn't control the economy the same thing would have happened except we would be in Syria fighting another war.

>>18002082
it was fun while it lasted though

>>18007490

Yeah keep telling yourself those epic maymays were totally worth having to work another 10 years until retirement.

>>18007630
>having to work another 10 years until retirement.
>Not being mid to late 20s and having this economic downturn be a huge boon for us, allowing us to benefit more when we're closer to retirement age

>got laid off
>texted guy I worked with who was only there for some extra income
>he got me a job at his place which is a medical supplier so no risk of government shutting it down

I'd probably kms if not for that

Remember: You have to have been laid off from a full time job to get unemployment

Getting fired from a part time job because you decided not to show up during the outbreak automatically excludes you from unemployment claims

>>18007217
This fragile system has been one long project since the 60s. This kind of systemic weakness cannot be cultivated in a single presidency or a single decade.

>>18007127
There has been zero true GDP growth in the US for the last 20 years when you take consumer price index and inflation into account.
Actually US GDP growth has been negative for ages.
The entire economy is pretty much just printed debt money and the system is so saturated with it, businesses and people immediately stop functioning when the economy stops even for a moment.
If this is truly the crash that ends this debt system, then it's basically apocalypse time in the market and it might even take down dollar itself. It's going to be extremely fascinating watching this insanity unfold this year.

>>18003340
shut it, kike

>>18003340
Ok nigger

>>18007842

Funny, since Nixon and the "conservatives" took control over the government and got rid of the gold standard shit just slowly gets worse and worse. Literally every time a republican president takes office, an economic meltdown happens a few years later. Not surprising so many people saw this coming and were able to profit, that's why the stock market drilled so hard this time. Everyone nd their mom, including retail investors just shorted in unison.

>>18002052

If he won the culture war, where is the WALL? He had 2 YEARS. I'm still waiting. Instead he continues to MIGA and do shitty corporate bail-outs.

He failed at everything.

>>18007842
base and redpill a nigga on this and how can we push this mad max meme via twitter?

>>18002052
Ooh we should try to impeach him!

>>18007842
Boomers trying so hard to keep up a dying system that they get to cash out their pensions.

>>18007810
This. Trump inherited(and continued) this shitshow. Government is rotten to the core, the founding fathers predicted this outcome. There really is only one solution to fix this and it's the same one they came up with in 1776.

>>18003212
Lmfaoooo yeah he got elected and then immediately lost approval points. If ((they)) had it their way this inverse in the beginning wouldn’t show at all but they have to make it somewhat factual so you don’t immediately throw the narrative out.

>>18008282
The age of the boomer is over. The Time of the Zoomer has begun

>>18008387

Funny, there was consistent job growth during Obama, and the stock market literally only went up. No matter when you invested under Obama, you made money. The federal reserve should have been more aggressive raising rates under Obama's strong economy, but the real fuck up with Trump installing Powell to pump the living shit out of the market, then the GOP tax cut and holiday.

Now its just going to get worse when Trump tells Powell to go negative, and they've already slashed the reserve rate to 0. So your bank account now is literally backed by nothing.

Its obvious some people in particular deserve more blame than others.

>>18007810
Since the 1980s and 1990s with this Neoliberal experiment.

>>18008833
I love the image. Imagine it went to 2020, people would really understand how fucked we really are.

>>18002011
I'm sorry, but did the economy already collapse? Oh, that's right. The decision hasn't even been made yet. In fact, it's only midweek. Does not 20% unemployment count as a collapse? Is that what you're saying? Because if you're saying that I can assure you that you're wrong. Why would you make this topic when the market is still open? The traders are in NYC right now and they have been the best stock market people for how long now? They're fighting one of the worst virii of all time and they're feeding off the lack of support from the Mainstream media. But you know what? They're still fucking trading. America is one of the best fucking nations on earth, we dropped 2 more and would have dropped 2 more if Japan hadn't surrendered. Maybe you should shut the fuck up before you make retarded topics like this. You know why? Because you're going to be embarrassed when the Dow hits 30k and someone bumps this topic. Oh look at that, the Fed just pumped 2 trillion dollars into the economy and cut us all a check. Are you a fucking drunk? Are you retarded? Are you autistic? You are a fucking idiot and you should never make a topic on this board again and I'm fucking serious. I almost have a feeling you're the only guy making all these anti-Dow topics because you're a faggot hater who doesn't like America because its free. Fuck you, be good at something in YOUR life and then maybe try to trun the Fed, like I give a fuck. It's so easy to spot out your threads now, you're a retard. Always doing stupid shit like this. Why don't you try to be a good poster? Just for once? For once in your fucking life try not to make a topic like this. That's just you, you're always right at getting it wrong. Fuck you. You are nothing.

>>18001998
Goldman says 30% unemployment rate this year. FED says 32% GDP contraction in the upcoming Q. Meanwhile, zoomers are having picnics in front of my house and the Democrats are blocking GOP from passing any response bills for politics. Hard to say what to think or believe. We will see in April and May when the actual eco indicators show us something other than she said he said.

>>18008606
>there was consistent job growth during Obama
https://data.bls.gov/timeseries/LNS11300000

They stopped reporting the unemployed. Labor participation rate went down consistently under Obama, as usual Dems lied to say the opposite of reality was true. Always look closer.

>>18002052
>culture war!

>>18008833
Someone should append the stock buybacks to this infograph. It's missing a key piece of information about HOW the top got all that extra money and through what means they managed to do it. Keep in mind buybacks were illegal until 1982. What a coincidence!

>futures for tomorrow already at limit down

>>18002011
Trump was one of the few who tried to stop the ruination of the economy.

>>18002011
You shut your mouth, Trump is a fucking hero.

He even formed a Corona Task Force in January, back when people like you were in full swing about impeaching him. Back when the media handwaved the chinese virus as "just a flu".

https://www.nytimes.com/2020/02/29/health/Trump-coronavirus-taskforce.html
>President Trump formed a coronavirus task force in late January, and members have been meeting regularly.

As long as chinese corona is defeated before election Trump will win by a landslide, and let's face it, there's no alternative so he'll win even if it's not defeated.

>>18013765
fucking how?
his little pet trade war did fuck all and all he did was boast about inflated market numbers he had little to do with

>>18002052
>He was good for the culture war
The culture war is retarded, something only people with too much time on their hands participate in because the other side is also just people with too much time on their hands.

>>18013765
>pumping economic bubble instead of making economy more resilient and robust
>stopping ruination
>>18013869
I dunno, Biden’s dementia seems almost as bad as Trump’s

>shills now coming to /biz/

At this point they're just trying to get to any board that buys their bullshit.

>>18014280
It’s just damage control.

>>18003036
That image is rage-comic-from-reddit-in-2010 tier.

>>18014256
Where is Joe anyway?

>>18002879
/thread

>>18007842
>muh shadowstats