/biz/ - Business & Finance

NOOOOOOOOOO you can't just go about your life like a normal, non-paranoid, rational human being!!!! Coronavirus! You want to kill grandma!!! AHHHHHHHHH!!!!!!!!!!

>>18791101
Markets are bound to crash, they can't be propped up much longer. Huge crash incoming, debt bubble, OPEC, corona was the perfect spacegoat....2nd crash incoming....THE REAL ONE

>>18791101

Bullish

is it going to be more difficult to get a job now

>>18791266
2008 had 11.8 million jobless people at its worst.

>>18791101
So if the lockdowns end tomorrow what happens next

>>18791319
People go everywhere looking for work

Jobless claims surely can’t be inflated by the extra $600 a week they are gibbing out...

>>18791266
Mostly uneducated jobs. You can probably find a job if you have a degree of any sorts.

>>18791319
People get their jobs back and everything returns to normal by fall. Vaccine will be ready by january not that it’s even needed

Trumpbux. Everyone who's working for a psychopath boss is quitting.

>tfw no more psychopath bosses

AY YO
WHERE ALL MY
/ESSENTIAL/
CHADS
REPORT IN MUFFAGGGAAASSSSSZZZZZ

STATE YOUR BUSINESS & QUALIFICATIONS:

Me: Historical Arts (mainly classical) Research, Preservation, Conservation, Restoration, Exhibition
Education: G-E-D MUFFFUUUGGGAAAAAAS
Salary: Low enough to get that Trumpdosh, high enough to be happy not getting that pathetic 4800 monthly GIBS
GIBS
ME
DAT
MUUFFUUGGGAAAAA

BAUAHAHAHAUJAHAHAUAHAUAHAHAHABAHuahahooooOOOOOOWAHHHHHHH
WE CANT STOP BABY
BECAUSE WE WONT STOP
BAD BOY 2000
OOOOOWWWAHHHHOOOWAHHHHHH

>>18791101
It's not 6 million, which means all 50 states aren't pegged at max capacity.

Bullish af

Where's my 600 bux? Are you seriously telling me a laid-off dishwasher is getting more bennies than my weekly take home?

Are we at 30% unemployment yet?

>>18791471
Lmfao how is your gay art job essential? Either way, I like your attitude. I'm a gas station owner. But our revenue is down like 60% altogether, we own 3 stores

>>18791522
Yes, but you don't have to try getting rehired out of a pool of 30m unemployeds competing for 20m jobs over the next year.

>>18791531
Please, the polite term is 30% funemployment.

>>18791348
>People get their jobs back and everything returns to normal by fall.
lol.. its not that easy.

>>18791551
I'm sure they can get another minimum wage job. This is bullshit, we risk our ass while they get paid better than us for fapping and watching netflix.
Hope they die.

>>18791551
And have to deal with paying back the loan either

>>18791599

RAGIE WAGIE
STOMPS HIS FEET
RAGIE WAGIE
CANT BE NEET

IF HE DOES
HE WONT EAT
IF NO SLAVING
SLEEP IN STREET

RAGIE WAGIE
STOMPS HIS FEET
RAGIE WAGIE
SCARED OF NEET

WAGIE CRY AND WAGIE MOAN
WORKS HIS FINGERS TO THE BONE

WORK AND WORK NO TIME FOR FUN
ONLY EXIT IS A GUN

>>18791342
Hahahahahahahahahahaha

>>18791622
They don't have to pay anything back, only on their base unempolyment.

>>18791599
Considering we're guaranteed a Biden administration next year, the minimum wage job market won't exactly be easy pickings. Especially after priority 1: la amnistia.

>>18791622
There is no loan unless you're a small business owner.

>>18791599
>This is bullshit, we risk our ass while they get paid better than us for fapping and watching netflix.
>Hope they die.
Fucking redditors are here in full force aren't they?

>>18791315
difference is this is artificial and there was a decision made to essentially halt the economy, everything will come back relatively quickly.

>>18791266
Unironically no, because most of these people are making more on unemployment than they did working. They don't want to go back to work.

>>18791744
The $600/wk Trumpbux ends in July though

i just filed a claim yesterday :)

>>18791101
based

fuck the ((economy))

>>18791798
(unemployment check) sent ;)

>>18791725
No it won't.

>>18791786

august 1st :^)

>>18791546
Lmao I bet you work at a gas station wagie

>>18791152

>>18791133
People don’t want to go back. They’re making more money now collecting unemployment. Or they’re “working“ from home. I know it’s retarded but a collapse of the economy is welcome. I’m young and can rise from the ashes.

>>18791471
Faggot.

>>18791342
My architecture firm laid off 30 staff. All of them straight, white moneymakers.

>>18791315
A year after also , not just 40 days after.

>>18791152
BRRRRRRRRRRRRRRRR

https://fred.stlouisfed.org/graph/?g=gI4A

>>18791491
it's just this week anon , the usa will reach more than 30% unemployment in may at this rate , only state workers or companies getting state gibs will remain.

The state parasite has killed it's host.

Imagine if they forced us on a digital dollar and tracked our spending, confiscated our guns, and assigned us a social credit score and threw us in re-education camps if we don't obey?

i m a g i n e

>>18791531
Almost yes above the great depression already in just 40 days lol.

And the welfare states have not yet collapsed due to strong labor laws , instead of mass layoffs they will see mass company collapses soon.

>>18791342
Ok boomer.

>>18792299
it won't work as india showed in 2018-2019 with their demonetization attempt , all it leaded was a total collapse in gdp growth.

But i am sure the eurozone cucks will attempt to do that only to accelerate the collapse.

The disconnection to reality some leaderships have is insane right now.
China cashless meme is more free than paypal , you can literally check localbitcoin or similar sites on china and they can pay with their digital wallets no problem.
While the western digital payments are orwellian as fuck and ban this type of payments.

The idea the same retards that have castrated digital payments in the west will be able to pull up a digital currency is funny as fuck.
This retards don't know what they are doing and are larpers that have successfully larped since the end of bretton woods due to existing momentum.

Now they can't larp anymore because reality is here and real leadership will be needed soon.

Things like the french revolution will happen for real at this rate 30% unemployment in less than two months is insane.

>>18791101
Buy stonks

Heh, I have "Naty" in my ID
Cheers, /biz/ fags

>>18791319
We all die. Jobless.

>>18791338
Literally no incentive for so many people not to go back to work.

>>18792446
what did they mean by "drinking beer"

>>18791342
>works at starcucks

>>18791522
Yes. Welcome to socialism. Enjoy your stay.

>>18791786
>>18791853
The program will never end. They may suspend it temporarily, but who ever promises the most gibs this election wins.

>>18792311
ruby ridge was all on incompetency. honestly, I would have preferred if it was a deliberate show of force and not such an embarrassment for our government agencies.

>>18791101
(And that's a good thing)

>>18792299
I never understood why there was a topless woman and a child in this picture.

>>18791101
What you faggots completely ignore is these people aren't genuinely unemployed, the wide majority are forloughed. I have 32 guys on my team still forloughed, down from 40. It's a slow trickle, but I'm getting to bring them back slowly. I mean I work for L Brands, so the future is bleak, but still.

>>18792649
It's the personification of LIBERTY you absolute tard basket.
Go read some fucking history why we removed ourselves from tyranny.

>>18792626
>deliberate show of force
>government idiots
I don't know which one is more dangerous desu

>>18792747
>french revolution
>removed self from tyranny

How about you take a dip in the national bathtub, you absolute fucking moron.

>>18792891
the jacobins were turbo autists
but it shows you can't put naves in office
we need 4chan to run a decentralized government with no income tax and a backed currency
YOU KNOW LIKE HOW AMERICA WAS BEFORE 1913, THE IRS AND 16TH AMENDMENT
DU DOY RETARD
GUYS WE HAVE A RETARD OVER HERE
RETARD ALERT
RRRREEEEEEEEEEEEEEEE

>>18792944
Who needs a backed currency when you can just use Bitcoin?

>>18792998
holy shit you absolute retard

>>18793006
Coming from the guy who thinks the French Revolution liberated people I'll take that as a complement. They got jelly of what America was doing, tried to implement it themselves, killed a metric fuck ton of their own people, birthed Napoleon, attacked the rest of Europe, killed many many more, eventually lost everything and remain irrelevant since. Get fucked.

>>18792944
Based and ultraredpilled.

>>18793075
To be fair Robespierre was anti war and other retards declared the wars giving an excuse for other european powers to cuck france from all sides.

Also the terror as infamous as it is it's nothing compared to the things they would have done to the french revolutionaries if captured.

Things like being quartered or having your bones broken one by one were still methods of death by torture in use in europe at the time.

But it's truth the revolution did not gave freedom but it certainly scared the elites of the time enough to increase freedoms constantly out of fear of another chimpout.

>>18792944
I would unironically become a citizen.

>>18791599
Ouch, u need to find a better job lol

Bump

>>18791101
that's 10% of the US popuation.

I got laid off from Arby’s. Making more on unemployment, living the neet life. How long can I edd for?

>>18792229
I am still working. If I was fired or layed off unemployment, what people are getting is literally more than what I make full time. Wish they'd raise wages.

>>18791725
Why would it come back? Those people that aren't "essential" or at least working from home, are by definition useless. On top of that is all the businesses that went bankrupt, the collapsing order books etc. And that's before thinking about "money printer going brrrr" and the implications of that. The effects of this will outlive everyone here. Oh, but there won't be any real market collapse either - basically, it'll all be infinitely propped up to price out the now massive army of poorfags whole will just subsist on UBI, until they're sterilised & die off. Welcome to a Chinese style system mixing the worst of both capitalism & communism in a single clusterfuck that only benefits the people at the top, forever.

The Bureau of Economic Analysis (BEA) has released its widely anticipated advance GDP report for Q1. Based on the data collected so far, last quarter’s economic output rivals the worst for any period in postwar history. Real GDP apparently fell at a 4.9% annual rate from Q4 2019. The economy was already in recession BEFORE the economic fallout from the virus could take full effect. It wasn’t until the middle of March that the first major shutdown orders began to appear – on Twitter feeds – and these weren’t the total lockdowns we’re stuck with now, either. The full shelter-in-place or stay-at-home decrees would only show up at the very end of the month (a great many right at month-end, as well as in early April). That means for the overwhelming majority of the first quarter of 2020, it was business-as-usual.

This combined with the fact that there was mass selling by insiders and politicians in February means that they KNEW the economic shit was hitting the fan BEFORE the virus lockdowns. Now they have an easy scapegoat to cover for their economic mismanagement.
|
Anybody who thinks there is going to be a quick and easy recovery is

R E T A R D E D
E
T
A
R
D
E
D

>>18791101
The kicker is that's only approx. 30 million people who SUCCESSFULLY were ABLE to FILE.

It does not include all the people who
>became unemploymed but unable to file due to the site being jammed with many trying to file claims
>unemploymed prior to this tracking of the last 5 or 6 weeks
>those who are unemployed but don't count as unemploymed because of semantics
>those who are furloughed but aren't actually interested in going to back to their job is still available
>those who are furloughed but the company isn't interested in bringing back

Idk but with all that taken into account I suspect we are at least at 25% unemployment. Literally 1 in 4. The bigger kicker in regards to dumping the economy further.
>boomers retiring with no one replacing them due to the catch 22s set up in many companies

>>18791266
Likely. I've been unemploymed since mid 2019. Havent been able to get a job. Ironically less job postings are appearing which means the droves of unemploymed are likely piling on even more on the few I do find. Have considered not bothering applying anymore and just focus on other things and not worry about trying to get a job anymore.

>>18791338
You can only claim unemployment if you are fired(in most cases). Even if the unemployment bonus is keeping people from getting a job, it's not causing people to be fired en masse.

>>18794749
>Those people that aren't "essential" or at least working from home, are by definition useless.
K I mean I absolutely agree that we could do away with a lot of jobs and even whole industries and not notice the difference (would it really be a bad thing if cruise ships never came back? I hope they don't) but this is just fucking dumb what you said. "not essential" doesn't mean useless, it just means ... what it fucking says. A lot of the shit that's closed down is very much missed and is certain to come back -- eventually.

>>18791725
*increasingly anxious man says thing*

it takes two farmers to farm what took 100 farmers to farm 100 years ago yet they say it is too expensive to do sustainable farm irrigation in the central valley of ca.

did you know that if you have a well you can pump as much water as you want. the californiancentral valley aquifer that feeds hakf the world and tooj 100,000 years to fill has been half drained in 100 years. invest in central vallley pump drilling companies

>>18795353
Yep shit's fucked m8. Honestly I don't think there's any going back from this, nothing from 2008 was fixed and this current shutdown just accelerated everything. I think another depression is almost guaranteed at this point. I could also see civil war/balkanization or maybe even WW3 on the table.

>>18791599
MINIMUM WAGE jobs FOR EVERYONE BUT YOU AND YOUR WHITE FRIENDS

>>18791725
Lol don’t try talk these fags into not missing the dip. Survival of the fittest.

>>18791631
sleeping in the streets is a comfy exit if you dont care about being comfy

>>18791725
Yup. I don't get why people find this so hard to understand. Im guessing it's from people who are sitting holding their money, watching as the last 5 weeks made people TONS of money while they're confused as fuck why it's running up when things are so bad, and that it MUST be going below 18,000! Too bad for them they're going to miss the bullmarket of the century.

>>18791744
I've been waiting for over a month for my Neetbux to even start. I'm getting worried I won't get my $600/mo back pay because I'll be denied for some reason.

Haven't heard back about any of the small business loans though.

Oh, but the kikes are going to get billions. At least we know Israel is going to get another record payment! MIGA!

>>18795428
>You can only claim unemployment if you are fired(in most cases).
Gig workers, self-employed, all qualify now. You're thinking post-coof rules.

>>18792747
>muh libertiiieeeeessssssssssss

>>18791101
Yeah well seems extremely difficult to get NEETbux these days so I'm pretty sure people will still be looking for jobs, despite the potential $600/week.

the thing that gets my noggin joggin is the people who are both
1) upset about the record unemployment rates, and
2) want to keep the lockdown going forever and ever amen.

I just can't wrap my head around it. So you want everyone to stay home and not work, but you're also upset that people are staying home and not working? It's just absolute fucking nonsense. You need to pick one; either you're upset about unemployment or you think we need to keep staying home. You can't pick both.

>>18795428
dude people are going on leave of absences at my job and getting unemployment by pretending they're the only ones that can watch their kids. that's $450 + $600 coronabux PER WEEK. that's more than some of these people take home after tax and benefits.

>>18796268
Their argument's a bit more complex than that. Essentially if everyone's on the same page and you do a lockdown well, you can get the case rate to ~0 (or a lot lower) and in a relatively quick time. People are furloughed, but in two or three viral generations (four to six weeks) you can resume damn near everything short of concerts or packed international flights.

Problem is, the US is a balkanized shithole with blacks, libertarians, and Hasidic Jews. And the best lockdown they're able to do isn't able to actually reduce the rate of new cases. And once they give up on the lockdown, the virus will grow massively instead of just holding steady. Then you get unemployment anyway as people won't want to go out and suffer the now very real chance of getting a widely circulating 1% fatal virus.

Oh and in that scenario the virus will also take months and months to burn through the population. Assuming it remains as just a single strain through 200 million hosts worth of mutation.

>>18796509
>1% fatal virus.
If you are not a jew why are you lying like a jew?

I don't really care what happens so long as LINK goes up.

>>18796509

/pol/ was right. You need to prep for a long term stay in.

>>18796674
Mortality rate is pretty constant over time, so it's fair to say the bulk of deaths in excess of the normal amount is a good way to figure out "how many died from COVID", yes? No test needed, and the "fewer people dying from car accidents" roughly cancels out the "couple more people die at home from a heart attack because they didn't go to the hospital".

We can also say that an area hit early with the disease should have a bunch of people ping on antibody tests and they're not just false positives, yes?

So if some area roughly as healthy as the extremely obese US, say, Bergamo in relatively old Italy, has, say 0.6% of their population die beyond the normal baseline. And their antibody prevalance rate is about 60%...

Face it, the population-wide IFR is around 1%. Not around 10% and not around 0.1%.

>>18791133
You have been reported to the SEC. You are spreading false information which is leading to inflated stock prices. You will spend time in a federal prison. I reported you, and the SEC will be tracing your ISP and you will be prosecuted.

mfw making more on unemployment than i ever have wagekeking
think i could get used to this, lads

>>18796727
Or just sack it up, get the virus and roll the dice. Bonus points if you infect as many local Chinese people as you can

>>18796268
What if I'm on the side of free money?