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/biz/ - Business & Finance

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29044758 No.29044758 [Reply] [Original]

Why is the stock market and crypto pumping so much when the world economy is devastated by lokcdowns and we might be in for a worse depression than 1929. What happens when the bubble bursts?

>> No.29044881

BRRRRRRRRRRR

>> No.29044905

Stick around long enough and you’ll find out

>> No.29045067

>>29044758
People don't spend money during lockdowns since everything is closed, so where does the money go? Stocks and crypto.

Plus >>29044881 this, the money printer machines are about to go into full throttle.

>> No.29045108
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29045108

>>29044758
When the market pops off, so will I

>> No.29045125

>>29045067
yep yep they spend it on high risk "investments" aka online gambling. it'll all come crashing down soon

>> No.29045172

>>29044881
This anon speaks like a simpleton but has the wisdom of Socrates

>> No.29045321

Lack of faith in the future of America and USD by proxy. Constant money printing and gibs being put straight into crypto.

Crypto is a hedge to be converted into what denomination emerges as the next agreed world currency.

>> No.29045677

plenty of pennies and nickels and dimes to pick in the road before the roller paves over all

>> No.29045698

>>29045125
it will be glorious

>> No.29046175

>>29044758
Big corporations have been doing fine during Covid and/ ot are expected to recover. It's mainly small companies that are getting rekt (and they're aren't part of the stock market).

Also, low interest rates (= lower time value of money) and money printer (= higher demand for assets and lower yields).

>> No.29046344

I’m up so if shit moons I’m packing. Down to five coins. Will re-buy at the crash. BTC is sticking around. It’s just a question of worth.