/biz/ - Business & Finance

Think of it like a water wheel. It relies on water, or money, flowing to function. The pandemic and fear cut off the river, and the unemployment benefits is the government putting water in the stream until it recovers. When the water dries up, the economic wheel can't turn.

EXIT ALL MARKETS

with all those people looking to get those shit jobs it will make them even shitier because they are that much more replaceable.

imagine having the largest riots in recorded American history, record unemployment, and your entire population going into savings mode and still being bullish on stocks

>>20446209

Also, crypto followed stocks. Getting nervous here.

>>20446209
Where else will the money go? And the masses have no connection to the market so it's irrelevant. Just don't hold anything, take profit and you're golden.

>>20446109
Why would not just print more water?

Think of it like propane. The government has to cook enough steaks for everyone, except some people can work the grill, get more propane, set the table, but some people just eat. Right now we have too many eaters and not enough propane. So we can kick some people out, take propane from a neighbor in the name of freedom, or undercook the meat. We've been undercooking for the part 20 years and now everyone at the table is sick, unless they were able to buy their own grill.

In life, there are grillers and losers. It's rough, but that's the truth.

Put it like this, if tens of millions of people go from having enough money to not having anywhere near enough, things will start getting very desperate very quickly.

>>20446351
There's a few million people I'd be willing to put on the grill.

>>20445941
I hope there is a 2nd dump. I want muh cheapies. But it probably won't happen.

>>20446385
Cool it with the anti Semitism please.

Krugman hasn’t said anything intelligent in like a decade . Also has a terrible case if TDS, which further clouds his judgment.

>>20445941
> Paul Krugman

>>20446312

the masses SHOULD have a connection to stocks, but they don’t because of fed trickery and buybacks, but eventually they will run out of other people’s money. whatever excess money in savings being held by regular people is quickly being devalued by fed printing. all you clowns still in the game need to take profits now, you aren’t going to predict the hour it all comes crashing down again

>>20446339

Its not viable anymore, even the FED knows it.

>>20446353

I would also add whats happening in latin american countries, which they are also in complete lockdown for more than 100 days. Shit is ridiculous .

>>20446473
Do you agree shit is going undeniably down? Im not fudding here, I just seeing this shit dark asf for the upcoming days.

>>20446473

>buybacks

Thanks Don!

>>20445941
God I hope so

>>20446432
Go back to R*ddit (((Rebecca)))

>>20446542

yeah, but you can’t predict when the next one will happen. the doompaul zerohedge libertarians were ‘wrong’ for 12 years. we’re obviously in an even more precarious position, so my imagined timetable for shit to go down is within a couple months of the next USA election. could be before or after

>>20446473
>take profit
>money is being devalued

>>20445941
they're signalling a pump, but exit just in case

>>20446669

yes, this is called inflation

>>20446351
Hillpilled and propased.

>>20446701
Why would I trade stonks for money then if It is being devalued?

>>20446351
Based

>>20445941
Literally the first sentence: "Some of us knew from the beginning that Donald Trump..."
>Donald Trump

Holy fucking Christ that is annoying. These freaks cannot speak about anything without brining him up.

>>20446351
Based and Hillpilled

>>20445941
>Paul Krugman
Best counter indicator ever. Longing everything with a gorillion leverage as we speak

>>20446774

you’re not understanding what I’m saying. you still want to have some money rather than no money, the point is that the dollars you have today are worth less than they were a year ago, and this will continue into the foreseeable future. you should know this already

>>20446473
>muh buybacks
opinion discarded

>>20446788
Ya like it's Trump's fault China let their bioweapon get loose, the average NYT reader must be such an idiot to actually pay for such drivel.

>>20446995

didn’t know Elon musk posted here

>>20447059
>NOOOOO YOU CAN'T JUST CLOSE THE BORDERS TO CHINESE PLAGUE SPREADERS THAT'S RACIST AND BIGOTED AND XENOPHOBIC YOU NAZI
>WTF WHY DIDN'T GLUMPH TAKE THE VIRUS SERIOUSLY AND DO ANYTHING TO PREVENT IT?!?
You'll notice the Democrats who thought it was racist to close down travel to the Chinese don't have any problem with other countries now closing down travel to Americans, almost like they care more about foreigners than their own citizens.

Worst economic collapse for decades yet stocks have nearly surpassed pre 2020 corona figures. It's all so fucking rigged, i just want this shit to plummet for good.

>mfw have been piling up money since march and waiting for the worst to come before I invest it

>>20446995
Fed was doing repos in unheard of numbers in Fall of 2019, and now they're buying up individual corporate bonds, because even with 0% interest banks won't lend to zombie companies like Ford.

>>20446351
This would make sense if you could actually undercook steak. Should have said chicken breasts or pork chops

>>20448175
>could actually undercook steak

>what is anything besides well done

>>20446264
you faggots shoulda bought gold like Ive been telling you for three years now

>>20448163
buybacks are corps buying back their own stock, not the fed buying corporate bonds, you idiot.
repo was being done because of high demand for dollars not because lenders didn't trust people were gonna pay them back.
It was a problem with demand being too high, rather than supply being too low, which is what happened in 2008.
You're a fucking retard.

>>20448207
Get out, boomer. Nobody asked about your shit metals.

>>20445941
>((((((Paul krugman))))))

>>20446542
>>20446654
>INB4 prepper nonsense
>https://www.youtube.com/watch?v=XliHE6QgljY

Alasdair Macleod is now openly claiming that we'll get a banking crisis within the month and a currency crisis by the calendar year. He is literally the last guy to go around crying that the sky is falling, so to hear him say that the system is fucked, and its fucked immanently, is extremely concerning.

>>20447151
>REEE corps are giving value back to their investors, stahp it now!!!!!
What do you think the entire purpose of a corporation is you mong? It's to return value to their investors, which is what buybacks do you moron.

>>20446432
He meant you.

>>20446109
Bobo, you look different

>listening to a jew

>>20448236
you will be begging to shine my shoes for scraps of my gold stacks once this shit goes down

>>20448263
Paul Jewgman

>>20448205
You monster

>>20448295
NOOOO SOMEONE WITH TEN MILLION DOLLARS WONT GET AN EXTRA HUNDRED THOUSAND TAKE IT FROM THE WORKERS! TAKE IT FROM THE WORKERS YOU FUCKING FAGGOT!

>>20448390
If shit goes down that hard, people will care more about ammunition, toilet paper, and medicine, you absolute boomer retard. If you're prepping for shit to go sideways, go back to /k/ and suck cock in the gearqueer threads.

take that budget AR you claim is just as good as anyone else's and off yourself with it.

>>20448449
If you're a commie why the fuck are you on /biz/?

>>20446351
I'm vegan you fucking bitch

>>20448462
I’m not a commie I just work for a living

>>20448453
Do, you really think the sort of people that own lots of precious metal don't overlap with the sort of people that own guns, talk to their neighbors, and were getting ready for the end of the world in 2009?

>>20448497
You're obviously a fucking idiot who doesn't understand how corporations work so you might want to keep your mouth shut around people discussing them to avoid embarrassing yourself.
Or maybe go spend some time in your local antifa subreddit where you'll be more at home.

>>20445941
>paul krugman
le baste keynesian faxman
good thing there's a government to make high-paying positions in society for people like this to occupy

>>20445941
>tfw my country completely dealt with the coronavirus and very few people lost their jobs, so I have no excuse to become a NEET
Fuck this rat race, I want out

Just buy AMPL. it's the least correlated to all markets including traditional and crypto

Should I feel guilty about the economy supposedly collapsing while my crypto portfolio skyrockets? How many people are actually suffering within this downturn?

Yeah, I'm thinking we're fucked.

>>20448826
The economy isn't collapsing, the (((media))) just wants you to think it is so Trump won't get reelected so they can continue their plan of flooding the US with 3rd worlders.

>>20448874

Yezzir

>>20448874
This.

>>20448629
Kill yourself

>>20448874
Also while famous browns say you're subhuman with no push back.
https://www.dailywire.com/news/watch-nick-cannon-white-people-are-a-little-less-closer-to-animals-true-savages

>>20448915
And one thing that middle chart doesn't get across is those large migrations from 1910 and before were from people coming here to work and find opportunity, whereas now it's hordes of people showing up and using welfare that our taxes pay for.
Before it was work hard or starve, now it's work hard or get endless government handouts. If I was some 80 IQer in a 3rd world shit hole I would be risking life and limb to get to the US too.

>>20448629
Oh nooo I’ll be so embarassed when people realize I dont know you’re supposed to prioritize the wealth of an already wealthy small group over the masses that literally power the system, ohhh I’ll be soo embarassedd

Shoot yourself in the fucking head

>>20449017
wise up idiot, life is one long opportunity to learn. You should be thanking me for pointing out what a clueless fool you are, it's a choice on your part to stay that way.

>>20448295
>the economy can't function without buybacks
Does /biz/ really think this?

>>20449101
I said nothing of the sort.

>>20449135
Ok why are buybacks so neccessary?

>>20445941
Prescient
>https://www.youtube.com/watch?v=RCzBMJG_CRw&feature=youtu.be

>>20446209
Every. Fucking. Thing. is already priced into the stock market, and I say this as a recent crypto maximalist.
God, how young are you people?

>>20448449
>>20448497
>>20449094
Thou shalt not covet, anon. Which is currently what you're doing.

>>20449157
Where did I say they were necessary?

>>20445941
Nytimes is clickbait

>>20449066

Yeah a mature economy is different from the growing, rapidly building, non social welfare state that the US was 100 years ago. A lot of people end up on the dole, or underemployed, or displacing our already large amount of un and underemployed people. It's a cancerous feedback loop.

>>20449094
Buybacks are beneficial to all shareholders, not just the "wealthy" you absolute fucking mongoloid

>>20449184
Why defend buybacks then? Why are dividends not enough for investors?

>>20449233
Show me on the doll where the buyback touched you

>>20449066
>whereas now it's hordes of people showing up and using welfare that our taxes pay for.
B
Nobody migrates the US for its pitiful welfare system

>>20449233
Why not?
What you got a problem with investors getting a return on their investment?
You can't possibly be that retarded, can you?

>>20449233
Dont engage anon these arent humans>>20449231
Yeah and only the wealthy and boomers who dont have to worry about securing a future actually have enough shares for it to matter fuckface

>>20449300
Dividends already exist for that reason. Buybacks were illegal because they were seen as market manipulation, and honestly that seems like a good reason to me.

>>20449279

>Free healthcare (illegal immigrants just don't pay, hospitals can't deny service)
>full welfare services in deep blue/sanctuary states
>$15k in taxpayer money per kid per school year

You don't understand how poor 3rd worlders are idiot. It's a sweet sweet deal. Even if they have to work they're still 1. displacing another native worker 2. undercutting wages usually 3. not paying income tax and 4. enjoying the fruits of the tax base (like schools, roads, infrastructure)

With that said I still think outsourcing is our greatest problem

>>20449411
Agreed, outsourcing is a bigger problem but immigration seems like it'd be an easier problem to solve.

>>20449372
So you're okay with investors getting a return on their money but you're just too much of a moron to understand that besides buybacks being more advantageous in regards to taxation there is virtually no difference between buybacks and dividends other than CNN REEs more about buybacks. Got it.

>>20449411
>>20449480

Here's the thing. Any welfare leech is going to go to Europe is they can. If they come to the US they want to work
>b-b-buh my jobs
They essentially work for pennies compared to US citizens improving your standard of living because realisitically nobody wants those jobs
>B-B-B-BUH MY JOBS
furthermore the downward pressure of salary on the unskilled jobs forces WHITE americans to go and get educations thus improving their standard on the world market
>MUUUUUUUUH JOBS N WELFARE
if you want to complain about something look at the rampant immigration of Indians and Arabs and how they are taking skilled jobs for lower wages.

>muh outsourcin
the US actually has a shortage of many skilled jobs, you should want the US to outsource the lower paying jobs so people can take the higher paying ones

>>20448207
I listened.
Bought gold, silver, mining stocks, but I also have some crypto.
25% is in cash, waiting for opportunities.
If you're the guy that constantly shills gold and argues with people, trying to educate them, thank you.

>>20449516
The difference between buy backs and dividends is no tax is paid during buy backs till a stock is sold. You get people like jack from twitter who "donate" their stock to their foundaton. They get a huge tax writeoff while still controlling the shares. They should eliminate all corporate taxes and tax dividends as income. And ban buybacks

>>20449567

Brah, do you understand the difference between making a foot trek up into the United States, and crossing the fucking ocean into an entirely different continent? I do think most want to work. That in of itself doesn't mean you get a golden ticket into the country. We have a limited amount of labor available and a domestic supply to take care of first.

>They essentially work for pennies compared to US citizens improving your standard of living because realisitically nobody wants those jobs

That doesn't improve anything, they undercut wages, a berry picking job that would pay $11/hr. (and attract citizens) suddenly becomes $5/hr. under the table, wages are depressed, a job is taken, the difference is pocketed by the business owner (see the 0.1% referenced in my earlier graph).

> furthermore the downward pressure of salary on the unskilled jobs forces WHITE americans to go and get educations thus improving their standard on the world market

Implying we don't have way too many kids getting meaningless college degrees right now

> if you want to complain about something look at the rampant immigration of Indians and Arabs and how they are taking skilled jobs for lower wages.

I think H1B is a similar problem. This isn't just one group of people or circumstance. H1B is a great highlight of this effect, many of them are imported to code monkey for $40k/year where a native worker would be paid $100k.

Remember, this isn't a race thing. If you're an American citizen you should be in favor of your politicians taking care of you, the average American, first, and not the average business elite.

So if we get legit currency collapse, worthless USD, what happens to unsecured debt? Will it be recalculated in the new currency or just written off?

What about my stinkies?

>>20448474

stocks and crypto have completely divorced themselves from employment statistics. this is a consequence of hyper wealth concentration and inequality.

>>20449516
>there's no difference other than this significant difference

>>20449914
citation needed

>>20449671
>That doesn't improve anything, they undercut wages, a berry picking job that would pay $11/hr. (and attract citizens) suddenly becomes $5/hr. under the table, wages are depressed, a job is taken, the difference is pocketed by the business owner (see the 0.1% referenced in my earlier graph).
Food has never been cheaper in the US, free economics dictates lower wages in a wage dependent job translates to lower prices. The only reason it might not translate is due to monopolistic or oligarchic tenancies in the market - but those are bigger problems.

>Implying we don't have way too many kids getting meaningless college degrees right now
If 60% of people get a useless degree it doesn't matter if 100 people go to college or 50,000 go to college, the ratio wont change.
Anybody who complains about outsourcing of unskilled labor is in absolute brainlet in my book since Europe did that with colonialism (mercantilism) and look how much richer the medieval Europe shithole turned out compared to the rest of the world.


>A more simple example of why you want to depress wages
Suppose I run an apple farm that produces 7 apples a day and I am able to pay one day 5 apples and the other guy 3 apples a day. If I pay the dude 3 apples a day I am able to eat 4 apples meanwhile the other dude only allows me to eat 2 apples a day. Yes the laborer is less well off but if the average pay in apples for his people is 2 apples a day technically he is better off.

>A more simple example of why you want to outsource unskilled labor
Suppose I run this same apple farm full time. I still produce 7 apples a day. If I hire somebody to run my apple farm I can now work producing apple juice from the apples. The apple juice provides more utility than the apples themselves so by freeing up myself to provide things with higher value I have a higher "pay"

>>20445941
>Paul Krugman
AHAHAHAHAHAHAHAHAAAAAA whew

>>20450354
He's a trump administration shill so you know if he's opening his yap it must be bad

>>20450285
So what do you think is the reason for the stagnant wages?

>>20450451

>>20450285

How do you just not get what I'm saying? The data objectively shows that wages have flatlined and wage disparities have grown significantly in the wake of mass immigration and outsourcing, ok, so the evidence is on my side. Now let's talk economic math like you apparently want to:

> Anybody who complains about outsourcing of unskilled labor is in absolute brainlet in my book since Europe did that with colonialism (mercantilism) and look how much richer the medieval Europe shithole turned out compared to the rest of the world.

That was resource extraction, not the outsourcing of labor. Jesus. The US, and Europe, were very protectionistic during their economic boom in the 19th and early 20th century. At least much more than now. There were no massive multilateral trade agreements, or trade organizations like the WTO letting China go gangbusters on our domestic workforce. See: tariffs

How about we throw out your dumb, overly simplistic, and convoluted apple farm analogy, and actually look at what's happening. Manufacturing was once a major employer of Americans, especially lower/middle class earning Americans. They were protected by the regulations of their country that had long asserted that native citizen-workers had rights above those of other countries. In 2000 China entered the WTO without restrictions and absolutely gutted the US of that manufacturing work. See pic, and >>20449411 . Wages were hurt, masses unemployed (or underemployed), the top 0.1% continued to accrue wealth in pocketing the difference in profits. And the payoff was... slightly cheaper TV's and t-shirts? Are you kidding me? Not only that, but now our manufacturing base is vulnerable to a geopolitical rival. Remember the mask shortages we had at the start of the pandemic due to ruptured logistics? Imagine a fucking war. Without a manufacturing base. With a nation full of nurses and uber drivers.

>>20450500

correlates perfectly with >>20448915

Something tells me these globohomo """"""economists"""""""" are spinning yarn

>>20450451
An employer is going to pay you as little as possible, your job as the labor supplier is to try to demand as much pay high as possible when negotiating. The fact we see labor being consistently underpaid in wages tells me these corporations are fleecing their outsourced labor and pocketing that change instead of allowing it to be taxed and that labor's bargaining power has been decreasing over the years

>>20450692
Its called a monopsony. In some places, Walmart and Amazon are the ONLY buyers of labour and therefore set the price

>>20450651

Now ignore the serious consequences, and vulnerabilities of gutting manufacturing and other lower class work. Think about the ethics of it. We raised standards (like min. wage) and regulations on manufacturers in this country far above the level of China. This makes them fundamentally non-competitive when forced to go head to head without help. Predictably, they took a thousand L's when that happened and millions of Americans lost their jobs. How the fuck is that fair? Do you want a country where 50% of the people are on welfare and slaves to the system, or a country that protects its domestic work and has a fully productive, enfranchised, and independent voting citizenry? Sorry bud I don't want your "cheap products consoomer quasi socialist" hellscape.

>>20450746
that's unskilled labor though - I was trying to pivot to skilled labor wage stagnation.

>>20449042
wrong race, requis.

>>20449095
r*ddit tier cockiness

i’m with 017 here, an hero yourself

>>20450651
>>20450753
>That was resource extraction, not the outsourcing of labor.
You think native englishmen couldn't have picked cotton?

>There were no massive multilateral trade agreements, or trade organizations like the WTO letting China go gangbusters on our domestic workforce. See: tariffs
You are talking about free trade now - under mercantilism societies intra-country commerce functioned like free trade.

Free-trade allows you to trade services your country have an advantage in for goods you have a disadvantage in. In the US we need labor - hence we trade for labor-intensive tasks. Making shoes requires a very high labor per dollar compared to programming. So of course we outsource shoe making to china.

>How about we throw out your dumb, overly simplistic, and convoluted apple farm analogy, and actually look at what's happening.
I see you missed the point. because we have simplistic examples to work with small ideas before working with more complex concepts and then you can ask yourself, why doesn't X happen?

>Remember the mask shortages we had at the start of the pandemic due to ruptured logistics? Imagine a fucking war. Without a manufacturing base. With a nation full of nurses and uber drivers.
Except why a war won't happen exactly for that reason, and why a war hasn't happened yet. Due to free trade the cost of war on both sides is too high. Anyway if you want to minimize the chances of an embargo hurting you then you go and plant factories in more influenceable countries like in Latin America, Africa, or SEA

>muh manufacturing jobs and wages
Now people go to college where they can provide higher value of labor compared to being uneducated. Wages are stagnant due to lack of negotiating power on the labor side AND due to multi-national corporations having tax loopholes that allow them to pocket the profit of overseas labor. Realistically why do you want unskilled labor to stay when even CHINA is starting to outsource their manufacturing

>>20451012
>You think native englishmen couldn't have picked cotton?

Cotton was the resource we were talking about with medieval European mercantilism? They were colonizing Africa and Asia for its cotton? Interesting take anon.

> Free-trade allows you to trade services your country have an advantage in for goods you have a disadvantage in. In the US we need labor - hence we trade for labor-intensive tasks. Making shoes requires a very high labor per dollar compared to programming. So of course we outsource shoe making to china.

We don't need labor. We have tons of that. We WANT cheaper labor. That is, business owners do. And they got it, and they pocketed the excess while giving the working classes, many of them unemployed now, crumbs. Enjoy that new TV! Sorry about your permanent lower class status.

> Now people go to college where they can provide higher value of labor compared to being uneducated. Wages are stagnant due to lack of negotiating power on the labor side AND due to multi-national corporations having tax loopholes that allow them to pocket the profit of overseas labor. Realistically why do you want unskilled labor to stay when even CHINA is starting to outsource their manufacturing

You literally think ALL people can just go to college and become a doctor or engineer, don't you? For fuck's sake dude, some people are simpletons. A full 50% of our workforce I'd wager. They aren't going to get "college'd" into a higher class. That hasn't been happening, that will not happen, they'll just muck about halfway on government dependency, unemployment, and underemployment. As retail workers, restaurant workers, uber drivers, what have you, we're in a really shit cycle right now that shows no signs of stopping. That's your new paradigm?

You remind me of a socialist, arguing by the book and the little theory you've been taught in school, but ignoring the results of 6 decades of practical application. Academics are not perfect.

>>20448271
He is associated with the Austrian School/Mises types. These are the same types talking about collapse in 2008. I know, because I was one of those types in those circles. It was the reason I completely ignored Bitcoin because I was convinced collapse was coming and digital money seemed like a complete waste. Whoops. At this time, I'm not going to underestimate the lengths that the governments will go to in order to prop up the system. If we haven't seen high consumer inflation, then we have not exhausted all measures. Right now, we have an asset bubble and they are not keen on allowing that to pop, at least until after the election if ever. I don't see a banking crisis, because the Fed is entirely unwilling to let banks fail or even suffer. They are shoveling the cash.

>>20446351
Based propane salesman

>>20451012
>>20451161

FWIW, I was a Libertarian and free trade diehard as a teenager as well until I studied the way things were working out in real life a little harder, and found a lot of truths your economics professors will not share, for whatever reason. Dogma, maybe even outside influences, why would the big money that is profiting from this dynamic want it to stop? They aren't going to share the bad news.

Mass immigration, mass outsourcing, GDP growth, and yet wage stagnation for the middle 50% of society, wealth accrual in the top 1%, that's been the story. That isn't being addressed. The last President wanted to create a super Asian NAFTA. This shit needs to stop.

The federal government exists to protect its citizens from the outside world, militarily and economically, that was its primary role since the beginning. We saw our most meteoric growth in a much more protectionistic climate, proving that it's possible, maybe even essential if you want parity to boot. Now we've lost that script.

>>20448629
He represents the majority, where ideology doesn't matter....if the elite fuck the people over, there will be no shortage of bodies forcibly putting the rich into the guillotines.

>>20451161
>Cotton was the resource we were talking about with medieval European mercantilism? They were colonizing Africa and Asia for its cotton? Interesting take anon.
After reading how dumb this comment is, im not going to respond to you anymore if you can't understand how important cotton was to colonial economies, slave farming of cash crops were truly the first organized labor outsource operation that provided so many cheap goods for Europe that they couldn't afford before.

>>20451362
>>20451161
https://en.wikipedia.org/wiki/History_of_cotton#Africa_and_India

also here you go

>>20449300
I have a problem when corporate management is focused solely on short term share price with no personal long term consequences to themselves as this creates a parasitic and vulture corporate culture where generations of goodwill are pillaged for short term gain, going concern be damned. The long term health of the company should be paramount as that is truly what is good for the long term investor and better for society as a whole. Who gives a fuck about day traders. Fuck them and let their heads hang from the city walls or on pikes. The last 0 years have been wave after wave of corporate officers being paid off with golden parachutes to strip mine and loot our industry and leave nothing worthwhile behind so that a small group of kikes and shabbos can become fabulously wealthy while the entire country slips into disaster.

>>20451284
>We saw our most meteoric growth in a much more protectionistic climate,

sort of, after bretton woods the US was absolutely flooded with capital, which happened to coincide with true industrialization of the entire continent. Yes it happened under protectionism and a gold standard, no I don’t think it correlates with those particular conditions.

The problem I have with your economic philosophy isn’t that I think it’s wrong or bad vis-a-vis quality of life and equity for citizens who are supported in their pursuit of self sufficiency and industry. It’s that I don’t think it can really compete against a massive bugman society that manipulates markets and steals tech while pursuing absolute bottom dollar margins to drive out competition. the only thing that can compete against this enemy is no-holds-barred fiat capitalism that leverages global production and erects sufficient barriers and cockblocks to starve the bugmen into submission. We didn’t do that when we should have, and now China is an enormous headache thanks to the intentional incompetence of our leadership these past few decades.

I wish things had gone differently, I wish the world hadn’t been pushed into its current state by the US-Soviet cockfight and the corruption of leadership wielding vast power, but here we are with our extremely undereducated and fairly useless population battling the ultimate product of neoliberal policies

If there was no competition then it would not be necessary to take all the leverage we can get

>>20451550
>have a problem when corporate management is focused solely on short term share price with no personal long term consequences to themselves
You realize how CEO's are chosen right? The investors vote on a CEO and decide his salary. Literally any company that starts cannibalizing itself has been hostilely taken over (Sears) or has incompetent leadership that either forces the company to go bankrupt (Lehman Brothers) or to vote out carious CEO's until it goes bankrupt (J.C. Penny) or vote out CEO;s until they find somebody to turn the company around (G.E.)

>>20445941
is more about the shit going up one more step, not a disaster, not before the consensus realize that everyone s about to drown on shit.
dont wait for the chain reaction to reach you, do thing earlier when things still appears susteinable

>>20451614
China has 40 year plans, the US doesn't even have a 4 year plan. The last Chinese head of state as well as Xi has focused on economic growth and eradicating corruption. The U.S. has no economic growth plan and corruption scandals increasing by the year. Instead of complaining about bugmen complain about the U.S. and ask for change.

>>20451794
too late anon, the narrative of “change” in the US has already been written for us from the top down, either we ask for gibs from the money fairy, or hearken back to the days of the gold standard and no worker protections. Either way corps have a stranglehold on all the bodies meant to regulate them, and if you disagree you are a racist or a cuck depending on the flavor of simpleton “voter” you’re speaking with. Increasingly corporations will come to replace our government (they already effectively have) and China will be subsumed by them barring some freak event.

Every country is just scrambling to get a better deal for itself within this stupid paradigm. What China is doing is rational given what they have to work with, and naturally the system will respond to maintain the power advantage it already holds. Which means sadly that we will not be reviving as a cultural movement the ultraeducated American machismo of the 1800s

>>20450500
>>20450651
you can see how in these two graphs taking away America's manufacturing destroyed our economy but allowed the corporate owners to essentially become international companies while still calling themselves American.

>>20452175
guillotine time

>>20451352
the masses are so hopped up on mass media and SSRIs that they are completely docile. the days of eat the rich are over

>>20452318
I don't know, man. you're right the creature comforts are in full swing, but on this present course the anger is eventually going to outweigh the comforts. the US already seems like a radically different place from the time I grew up ('90's)

>>20452138
>Either way corps have a stranglehold on all the bodies meant to regulate them
This. imagine being so retarded to honestly believe corporations have the american people in their heart when it's a conflict of interest to their bottom line of profit. Reaganomics convincing poor people of trickle-down economics has to be the dumbest thing I have ever witnessed. The republicans are pretty much the death of this country because they are in the pocket of corporations. All they had to do was snag single issue voters and gerrymander the districts.
>inb4 cope
republican strategists themselves talked about doing this in the 90's when they started losing on both the national and local level


The US is so far gone I doubt Biden will do anything if we have blue wins in all branches. The US needs a leader and if Obama was white he would've been the last chance we had to have a Charismatic coalition builder to actually get pass reform before China outpaces the US. We literally have NO chance of a coalition builder in the current political climate where even fucking MASKS during a pandemic is politicized as left vs right. Meanwhile China was able to shut down WHOLE cities and weld doors shut just to contain the virus.

https://www.youtube.com/watch?time_continue=2988&v=Uav4d7jVRO8&feature=emb_logo

>>20452508
both parties are complicit. stop thinking either of them are functionally different from the other. they differ on meme social issues to present the facade of choice to the voters, but they both serve the same masters.

>>20452639
I always hated this meme, its always spouted by people who don't look at what both parties vote on. Last time I checked the Heros act was passed in the blue House and the Red Senate wouldn't even vote on it.

>>20452810
buddy, do you think any of the politicians care about you? sure the act is a good thing, but I see it as an attempt to buy goodwill ahead of the election. they'll pass it back and forth for a time, making it seem like passing something like this is a big deal, but ultimately they /will/ pass it or something like it because they have to. neither of these parties is giving you anything more than they think they need to continue to buy the voters' loyalty. the money it costs doesn't matter. it's made up. the fed prints more of it every day. none of these people are moving mountains for you

>>20452639
>both parties are complicit
Yet blue legislators constantly vote in favor in the working class at the expense of corporations. Remember Obamacare and single payer healthcare? Funny how Medicare consistently has the highest ratings compared to private insurance as well as securing lower administrative costs

>>20453249
>the working class
nobody suffers more from the loose immigration policies the democrats want. don't get me wrong, it'll continue regardless of which party is in charge, but the republicans aren't as overt in their support of immigration. the people who own both of the parties want workers racing to the bottom.

>>20446209
This is election year mass hysteria

>>20446413
There will be but it won't be nearly as bad if it's even near the march dip hoodies will go whole hog and buy in bringing a pump

>>20453340
Imagine voting for somebody who consistently votes against your interest vs somebody who does it some of the time. Why the fuck would I care more about immigrants over going bankrupt from medical bills or having to pay out the ass for a pre-existing condition?

>>20453578
I don't vote for either of them, don't look at me.
>just vote for a lesser evil
no. fuck em all

>>20446351
Based and propanepilled

>>20448767
Trust me it's not fun. I'm worried about going back to college this semester vs working a job or something. I am worried that everythings about to go tits up in the US. I have friends in other countries and I envy how they seem to have returned to mostly normal already.

I just wanted to be comfy

>>20447059
Even the whole buyback thing is Obama's fault for bailing out the banks with no condition to payback the money to the taxpayers Bush bailed out yhe airlines and the autos but they paid bother of those back with interest the banks just got free fucking money and so now even cruiseliners not even registered as American companies are asking for a handout any moderately big company is requesting a bailout on the job creator precedent Obama set

This thread was fucking interesting until people started posting essays. Relax and keep it bite sized boomers this is /biz not your fucking podcast. But yeah it's priced in brah stocks will go up.

>>20446209
easy, you buy stocks of companies that actually matter and let stocks like wayfair die

>>20448474
you have to go back

>>20453212
Stop being so defeatist and look at what legislators are voting on, who cares if they are "buying" votes with bills - that's their job, to implement bills that would help people and what people want.

There's a reason why economists overwhelmingly vote democrat and wealthy people overwhelmingly vote red

>>20453947
you must be 18 to post here

>>20449262
HBR and CNN said buybacks are evil so that's it his mind is forever made up unless CNN tells him otherwise

>>20454233
Go home /polfag

>>20454337
I have a degree in economics, you?

Bump because it’s not a shitcoin or cooler thread