/biz/ - Business & Finance

>>51191917
Brand de EU naar de hel

Grow food

>>51191917
>who wins?
da juice

>>51191917
This thread is going to end up a shitshow idk why i bother with this but anyway. Most things food-related won't have an issue. Local joints are going to be reduced in number. Like always, private sector, especially services are going to get hit hard. Viable options
Government worker: any level has job security, and in europe it's too comfy
Work in production: Food or basic utilities. Competitions is tough so you'd better have connections with your local government. Idk marry some councillor's daughter or something
Getting useful skills in things like gardening and stop eating shit you're good. If you don't live in an apartment the possibilities are endless. If, not find something to do indoors. Also, rumor has it the EU will impose a state-mandated winter cut

>>51191917
This is the great reset you putz. And no, you won't be controlling your own destiny, but a big war is certainly on the horizon. Perhaps leaving the EU is optimal.

>>51191917
There is only one option.
Inmolate yourselves on the minecraft EU parliament while this song plays
https://m.youtube.com/watch?v=Jo_-KoBiBG0&t=01s

Fuck hohols, ukraine and the US.

>>51192039
doom-parroting american faggot

>>51191917
Swedefag here, bought oil when it was spiking last time around. Made good profits on it, but be sure to jump out when steam runs out and not get too greedy.. This winter will be no different.

Lots of opportunities. Inflation is going up, 9.1% in the EU supposedly, that means money will be flowing into commodities. Again, I suggest energy. And dont go buy any EQNR just because of the hype. Wait for that falling knife to drop a bit more.

It really aint rocket science. I keep making money, im not that brilliant. You guys should be able to figure it out as well.

btw, obviously if MonkeBox makes a return (called clade 1 and clade 2 now by the WHO to confuse morons) - obviously buy BAVA or SIGA. I did about 140% on bava last time.
I think we arent done with monkebox just yet. It will make a return. Be ready for that, watch it daily.
Easiest money I ever made.

>>51192408
OK, Ahmed

>>51191917
Large government construction programs like Tennessy Valley Authority, Autobahn, Afsluitdijk.
Arms industry
Steel industry
Oil industry
Gold mines
Anything that provides tools or resources for big spend construction projects, and anything that prepares for war.

Oh the climate scare folks have decided nobody will losten as they restart coal plants and nuclear plants. They have decided that WATER will be the next thing to control you with.
So think creatively about water, saving water, reuse of water, desalination, etc.

>>51191917
This a perfect time to create a fake business and try and sell that to Chinese investors.

>>51191917

That is simple - join Ukraine in the war and win, then dictate your terms on energy imports

Why, yes, this requires some balls

>>51191917
Nigga, your governments are trying to essentially ban food production and you are talking about solutions? It's like Africans talking about world peace when they are always at war with each other.

>>51192631
>T. Azov.

>>51191917
im moving back in with mommy
throwing NEETbuckos into crypto and commodities

>>51191917
>it's not looking good
I disagree, a lot of the inflation is due to supply chain disruptions, in particular energy. It is a "disruption" problem, and alternatives supply chains will emerge. Winter is also gonna be milder than average (forecast).
To further expand on the supply chain disruption, since the inflation is primarily caused by this, the chance of hyper inflation is zero - because you need excessive money printing in order to go into hyper inflation. It also reduces how high the interest rate will go, since you won't get more natural gas or oil from raising rates.

Also if there is one thing we learned from Covid, then it is how domesticated the citizens of Europe is, the politician say mandatory vaxx and a media/public opinion frenzy emerge - not aimed at the politicians, but at those few oddballs civilians who oppose the politicians.
Social unrest will not be a thing.

2023 is gonna be a VERY green year, inflation will fall, energy prices will fall, asset prices will sky rocket. Holding any asset that has been beaten by the current environment is a guaranteed +30%.

>>51192711
>Social unrest will not be a thing.
yurobros why are people here so cucked

thanks anon for this thread. I am also interested in these topics. will monitor the thread

>>51192408
where do you get your trading ideas? just by reading news?

>>51191917
Is it really that bad in Yurop? I see shit about high energy prices on Twitter and in the news, but one thing I've learned is that Twitter and the news almost NEVER reflect the reality of the situation people tend to be living.

Are the yuropoors on this board really feeling the effects of high inflation/high energy prices? Or is it not really even affecting you right now?

>>51193028
Yes it's very bad. Obviously not right now, since you can just not turn on the AC and only need gas for hot water to shower. My expected utilities bill for a small app is up to 400€/m during winter.
Alongside that rent only goes up obviously, and life in general is a lot more expensive due to inflation/energy crisis

>>51193028
my rent goes up 20% if I want to extend. energy bills are 2-3x more expensive already but as >>51193115 said it’s just not winter yet so less energy used

>>51193028
Got a 20% bills increase for water heating and central heating this winter in pooland. Not a lot but still something

>>51191917
It's great how Von der Leyen just after the germany comes to an agreement about the Gasumlage (regular people paying for the exorbitant losses of gassuppliers) thinks about changing the energy regulations which suddenly caused Natgas to drop and thus electricity. But too bad goy, the gasumlage is set. You still have to pay for the losses Uniper made.

>>51191917
Europes only hope is to invade Russia and take their gas.

Good luck eurobro.

>>51192408
>american
It's Ivan. Have you noticed the sharp recent uptick of "europe so bad" threads? It's a sign that the sanctions are working.

>>51191917
can we bottle up farts as a replacement? or heat with lots of braindead mammal critters kept alive with some food solution drip

>have my own house
>rooftop solar panels
>heating using my own wood
>growing shitload of food myself

I shoul be fine, I think?

>inb4 an immigrants raid my house

>>51193556
>inb4 an immigrants raid my house
>chop and feed to pigs

welp
how to make moneyz from crash

Flip burgers and flip shib and vinu

>>51194719
>sub $ coins
just like the euro economy. they'll feel right at home

>>51192005
You need plot for that you stupid nigger

>>51192408
Based actual advice chad

>>51194719
Shitcoin betting fucks get the rope first

>>51192682
>>51194719
>>51194726
bros...

I'm in the process of taking an inventory of all the preserved foods I have and writing a big list. Gonna spent a couple of hundred quid on tins, dried stuff etc. If shit hits the fan it will happen really quickly and people will panic buy and empty shelves. i'd rather have bags of rice, beans, porridge than not when this happens

>>51193028
Dude, it's superbad.
Estonia's inflation was 25,2% by the end of August.
Energy prices up 300-800%
Natural gas has gone from 44 cents/m3 to 3.3€/m3 by mid-winter its gonna be 5€/m3
Electricity prices have gone from like sub 100€/mWh to 600-1000€/mWh, and peaks have been at around 4000€/mWh. Nord Pool will raise its price ceiling to 5000€/mWh.
Average take-home income per month is 1300€
I pay 500€ in rent + utilities. Last winter during the coldest months utilities was more than my rent.
2 years ago I paid 160€ MAX on the coldest months of January and February for my gas heating bill. This winter its going to be like 800-1000€ and I earn less than 1300€ a month.
Government will help to pay for some of it, but I dont know how I should survive.
60% of my income goes on rent
30% on food
10% on the internet and other random home expenses like toilet paper etc.
There is NO DISPOSABLE INCOME
While in Western Europe they get hit with the same energy prices, they still have like a 1000€ extra euros of disposable income to take in the hit, then here in the North-East part we just don't have that. I am deeply fucked.

>>51192631
faggot you had the best terms and a pipeline before without sanctioning them and making yourslef subservient to your dying jew hegemon

>>51195178
yes but you are a big boy now in the EU persecuting your Russian minority. Don't feel so tough now eh? Next time Poland comes to you kindly tell them this is why they were taken off the map twice in the last 1000 years.

>>51195325
wtf.
there's no persecution happening here. What the hell are you on about?
All of Europe is getting hit with high energy prices.
Our local russian speakers have nothing to do with that.
They will try to regulate energy prices on EU level soon.

>>51193028
If you're a retarded rentoid who uses gas, yes.
>t. home owner with a 2 year old photovoltaic thingy on my roof

>>51193556
Just build a shotgun in your shed, like that guy who murdered Shinzo Abe

>>51192631
This desu. Thats why it wont happen and the EU condemns itself to slow death - at least no one will be blamed for making the wrong decision if we do nothing? r.r..r.ight???
Europe got risk averse as fuck for some reason and now its dying.

>>51195178
>that chart
Living in Germany and working in Switzerland must be a real life exploit

>>51195499
It is, the Swiss are a bit annoyed by it

>>51191917
>Wow, everything's fucked and it's probably only going to get worse
>How best can we profit from this?
Is it just me, or has board quality been going up recently?

>>51195739
Noticed that too. Ever since the bullrun ended scamers left en masse. Most threads actually seem good and aren't solely focused on crypto and the next BSC shitcoin

>>51192039
Amerimutt wrote those hands
you will never be welcomed back to europe.

>>51192408
The Baltics seem to suffer most from the sanctions, but are also the most hawkish ones. Weird stuff.

>>51192005
I already am - potatoes, tomatoes, cucumbers, the list goes on.

>>51195178
News just came in that from October the gas price is 4.1€/M3 in Estonia
even the rope is sold by the meter..
The government will pay 80% of the price that goes above 80€/mWh
1mWh of gas is like 100m3
On the coldest winter months our house consumes 700-800m3, so thats 7-8MwH
By my contract I have to pay 40% of it.
So lets say February is the coldest month..
8mWH is consumed with 4.1€/m3
Thats like 3300€ for the whole house and my part is 40%, thats 1300€ (thats more than I earn per month)
The government support is only good for 2.6mWh per month..so it will help me on my 40% with most months, but not the coldest ones.
I still have to pay 80€/mWh as a base fee + 20% of whatever the current fee is going to be that goes over that.
so for the coldest months 3.2mWh (my 40%) I still gotta pay 3.2x80 euros
+ 20% of what goes over the price of 1mWh of 80€..that means my monthly bill will still be about 500€, which is a lot better than 1300€, but still insane..since for the last 10 years its been like 160€ max.

>>51195866
This does look optimistic until you zoom out and see how pre-war prices were. If it continues like this/stays at these levels Macron's statement about the end of the era of abundance in the West will be true.

>>51191917
There's literally no reason at all for Europoors to be suffering all this pain.

I don't understand why they don't overthrow the stupid politicians who are causing all these problems with Russia and prolonging the war.

t. V. V. Putin

>>51195953
It's hard to say why politicians aren't doing their jobs. If they didn't sanction Russia there would be protests to do so as the media is US dominated and here we are talking in English. There's also a lot of US troops on our soil especially Germany and maybe the Biden administration threatened/hinted something about them. Maybe politicians are waiting for the people to break so they can say:"We tried to do the right thing, but this is untenable and we have to lift the sanctions" or something like that. Germany and France seemed to play with the idea of appeasing Russia back in late spring, but that seems to have subsided. We'll see how Ukrainians fair and if their offensive in Kherson fails it might signal the end of German and French support for them.

>>51195178
I spend around €1000 a month in Ireland, how the fuck can you not survive on €1300?

>>51196093
what are your monthly expenses?
Food has gone up insanely here..so its like 20euros per day for just groceries.
my rent is 500€ + utilities.
I live as frugal as I possibly can since covid started..I havent gone to the barber for 3 years almost..havent been to any events. Dont buy any alcohol etc. I have no subscriptions.

>>51196078
Behind the scenes, Germany and France have consistently been in favor of a diplomatic solution and ending the war as soon as possible. The Baltic states, Poland and especially the UK continue to be against that, not to mention the US who also wants to keep the war going. There's also rumors that the UK and the US are actually supporting different factions in the Ukrainian government, further complicating matters.

>>51191935
No German please.

>>51191917
As someone outside of the EU, what would be the best way to directly profit from this situation?
>which types of businesses survived or even thrived?
Usually those providing necessities, utilities and alcohol (though it was the height of prohibition, illicit alcohol sales still created a substantial source of revenue).
>Which types of jobs were secure?
I would assume government positions (be that bureaucratic or public service related) would be the most stable, though given this aspect may be far harder to attain.
I would also assume that roles revolving around management/white collar work will be exceptionally insecure unless the role revolves around a legitimate skillset.

>>51193478
This is a rather accurate observation, you see them on other boards too trying to push RT articles to support their narrative, though it seems far less common on /biz/ compared to other boards.
Best practice is to use them as sentiment analysis and simply inverse their position and use the quantity of their posts to infer severity.

>>51191935
Dit zou prachtig zijn

Successful companies started during the Great Depression:

>Ada Feed & Seed
Farms had a real need for Ada Feed & Seed when crop prices were falling. This company helps farmers field tough economic conditions by offering assistance with fertilizing, seeding, etc.

>Publix Super Markets
Introduced a paved parking lot, piped-in music, air conditioning, bright fluorescent lighting, wide aisles, cold cases for frozen and refrigerated items, in-store doughnut and flower shops, and electric-eye automatic doors.

>Hy-Vee
Hy-Vee began as a small general store in Iowa that offered what people really need during tough times: low prices. Introduced employee bonuses, paid its store managers on a profit-sharing basis.

>King Kullen Grocery
Introduced a new type of food store with a focus on low prices, cash sales, and without delivery service, in larger stores (at low rents) with ample parking. Turned warehouses into huge supermarkets. "They ought to be located one to three blocks off the high rent district with plenty of parking space, and some to be operated as a semi-self-service store – twenty percent service and eighty percent self-service."

>Ocean Spray Cranberries
When the going gets tough, the tough get cooperative. Instead of seeing who could make the tastiest cranberry sauce when consumers were pinching pennies, three cranberry companies pooled their bogs and found success.

>Pendleton Grain Growers
A group of struggling wheat farmers gathered in Pendleton, Oregon, and decided to form a cooperative that would help them withstand falling crop prices.

>Yellow Book USA
The Yellow Pages gave struggling consumers an efficient opportunity for comparison shopping. Instead of wasting gas or—more often—shoe leather, they could “let their fingers do the walking” in search of the best deals.

>Wipfli
Wipfli focused not on consumers but helping businesses stay in business. Provides such services as tax preparation, business planning, and corporate finance.

>>51196420
Yes, I agree. Biggest losers so far, after Ukraine obviously, seem to be France and Germany. Hopefully that changes.

>>51197084
Industries that thrived during the Great Depression:

>Food
Self-explanatory. The classic Depression-era example is Kelloggs versus Post. The former choose to advertise more during the depression while the latter slashed their advertising budget. And when the market and consumer budgets recovered, Kelloggs remained top of mind and benefited from their consistent position.

>Household products + essential consumables
People still need soap and solvents and diapers and gasoline and stuff. And they still need their perceived essentials, too, like alcohol, coffee, marijuana, and … toilet paper. Camel almost destroyed Lucky in the 1930’s because people still needed cigarettes and Lucky didn't lower prices (similar to Dollar Shave Club vs. Gillette).

>Healthcare
Self-explanatory.

>Communications
Print and radio boomed during the depression. Nowadays, streaming and teleconferencing.

>Capital goods
While the new production of capital goods during the Depression was almost zero, the resale value of those same good increased as the crisis dragged on year-over-year. If a stimulus package hits, and infrastructure or logistics projects are incentivized at the state and national levels, the market for repurposed or resold capital goods will quickly follow.

>Security
As the economy declines, crime rises.

>>51191917
You can't trust anything, since the mass consensus in many countries is likely to be socialist reactionism. I certainly feel that vibe in the UK. And so, anything you do carries risks ranging from punitive taxation all the way to having you denounced as a kulak. You could find a nice little niche importing biofuel from Timbuktu (or whatever) only to have it snatched off of you.

Your best bet is being able to earn in a currency that isn't EUR/GBP- realistically, that means USD. Failing that, and if you genuinely think things are going to get really bad, anything that keeps you 'off the radar' as circumstances play out. Many of the most solid bets for employment right now also carry a risk of making you a target if things get truly bad- civil service, security services, utility contractor, etc. Obviously that's a very extreme take though, I really don't have a feel for how bad things will actually get.

>>51196078
What leverage do you think USA has over German government? It's obviously there, but I can't think what it is. I get that the US has garrisoned forces in Germany, but worst case is they fuck off, they aren't gonna stage a coup.

>>51197373
5 Great Depression Success Stories

>Floyd Bostwick Odlum
Floyd Bostwick Odlum had, with some partners, cannily turned $40,000 into a multimillion-dollar fortune by investing in utility companies. Odlum and his partners didn't like the way they thought the markets were moving, though. They cut bait on stocks in an effort to generate cash before the market crash Odlum thought was coming.

When the crash came, Odlum had millions in cash on hand, an enviable position in a cash-starved market. He began swooping in to buy up failing companies at drastically reduced prices and then consolidating or spinning their assets for more cash. It sounds like a pretty simple model, but it was so effective it made Odlum one of the wealthiest men in the country. The 1941 edition of Current Biography declared Odlum "possibly the only man in the United States who made a great fortune out of the depression."

>Movies
As unemployment shot up, the sort of disposable income one uses for little luxuries like going to the movies steeply declined. Early in the economic crisis, many moviehouses had to close their doors due to the decreased traffic, and most of the once-profitable studios started turning losses in the 1930s.

Faced with this glum market, the film industry got creative. To give customers maximum bang for their scant bucks, theaters cut ticket prices by 50 percent or more and started giving patrons two features for the price of one ticket. These double features propped up demand for cheaply made B movies, and smaller studios stayed afloat by banging out these quick products. During the Depression it was also fairly common for theaters to use giveaways to fill their seats.

>>51191935
Dit godverdomme 4 september Dam kom ook we moeten ergens beginnen

>>51197548
>Procter & Gamble
This company came out of the whole ordeal smelling better than it had in 1929. instead of throttling down its advertising efforts to cut costs, the company actively pursued new marketing avenues, including commercial radio broadcasts. One of these tactics involved sponsoring daily radio serials aimed at homemakers, the company's core market. In 1933, P&G debuted its first serial, Oxydol's Own Ma Perkins, and women around the country quickly fell in love with the tales of the kind widow. The program was so successful that P&G started cranking out similar programs to support its other brands, and by 1939, the company was producing 21 radio shows—and pioneering the “soap opera".

>Martin Guitars
Acoustic guitar maker Martin made it through the Depression using a number of strategies. In addition to reducing its wages and operating on a three-day work week, the company also made everything from violin parts to wooden jewelry. The company stuck to its principle of not giving high-volume retailers discounts, which maintained its relationship with smaller dealers and cemented the company's image as a square dealer.

Martin also started offering new, less expensive models that went on to enjoy great popularity. The company also revolutionized its designs and managed to maintain high quality for a reasonable price.

>Brewers
How did these brewers make ends meet during the Depression when alcohol was illegal? By diversifying. And then diversifying some more.

Brewers started running dairies, selling meat, and venturing out into other agricultural enterprises. Breweries also started applying their expertise to non-alcoholic tipples like root beer.

Waiting out the storm by diversifying (and maybe brewing some illicit beer on the side) turned out to be a sound strategy. As of 2019, the five best-selling beers in America are all produced by pre-Prohibition/pre-Great Depression brands.

>>51197525
Maybe the media? Poles and Ukranians were spreading rumors that Russia and Germany were colluding and maybe the German government feared that the rumor would spread and oust them. The end result would be the same with Germany sanctioning them with or without the current government. Maybe they didn't even threaten them with anything and simply went along with assurances that Russia would lose. Iirc the US gave some economic benefits for German car manufacturers during that time and started releasing oil reserves which would be interesting to see where they are going.

>>51197525
>>51197695
Also, BJ talked about a new EE alliance with the UK/organized by the UK and you guys may have dropped that for German cooperation.

>>51196078
>It's hard to say why politicians aren't doing their jobs.
hmm maybe because they WERENT ELECTED BY POPULAR VOTE AND DONT NEED YOUR SUPPORT TO KEEP THEIR JOBS

>>51197629
People Who Made Big Money During the Great Depression

>Joseph Kennedy, Sr.
Made millions in the unregulated stock market of the 1920s, in part due to insider trading and market manipulation. The Kennedy family patriarch then used his Wall Street earnings to become a movie mogul. After purchasing a failing Hollywood studio in 1926, he consolidated movie companies that churned out low-budget movies, made them more efficient and sold them for big profits.

Believing Wall Street to be overvalued, he sold most of his stock holdings before the crash and made even more money by selling short, betting on stock prices to fall.

The lucrative contract Kennedy signed in Prohibition’s waning days to be the sole American importer of Scotch whiskey and gin produced by British distillers such as Dewar’s and Gordon’s contributed to the growth of Kennedy’s wealth from $4 million in 1929 to $180 million by 1935.

>J. Paul Getty
Having already made his first million dollars in the oil industry more than a decade earlier, Getty spent all his free time during the 1929 stock market crash to commiserate with Wall Street brokers, investors and speculators.

With companies desperate for cash, Getty took what he had learned and acquired undervalued oil stocks and real estate. “It is the opportunity of a lifetime to get oil companies for practically nothing,” he wrote. Aiming to build an oil empire to rival that of John D. Rockefeller, Getty purchased Pacific Western Oil Company and shares of Tide Water Associated Oil Company, the country’s ninth-largest oil company. Five years after buying Tide Water shares for $2.12, they were worth more than $20.

>>51197806
>Howard Hughes
Howard Hughes was a millionaire by the age of 18 after inheriting a fortune from his father, who had developed a drill bit that revolutionized the oil industry. Before he became known as an aviator, Hughes grew his wealth as a Hollywood film producer.

In the midst of the Great Depression, he turned his attention to aviation and in 1932 formed the Hughes Aircraft Company, which became one of the world’s most profitable aircraft manufacturers.

>Charles Clinton Spaulding
Presided over America’s largest Black-owned business: the North Carolina Mutual Life Insurance Company. Founded in 1898, the company struggled to survive before hiring Spaulding. Utilizing his sales and marketing expertise, the company expanded into fire insurance, banking and mortgage lines. The company also specialized in "industrial insurance", which was basically burial insurance. The company hired salesmen whose main job was to collect small payments (of about 10 cents) to cover the insured person for the next week. If the person did die while insured, the company immediately paid benefits of about 100 dollars. This covered the cost of a suitable funeral, which was a high-prestige item in the black community.

>>51196558
Worse.... It's Dutch

>>51197829
10 Recession-proof Businesses

>Candy and Comfort Foods
Candy consumption in the United States went through the roof during the Great Depression and the same happened in 2008 and 2020. Inexpensive, sweet treats provide a necessary break from all of the bad news.

>Luxury Retail
The rich are only getting richer.

>Grocery Stores
When money is tight, budgets need to be even tighter and tough choices have to be made. Keeping food on the table is priority No. 1 for most families, which explains why grocery sales appear to be recession-resistant especially when compared to eating out at restaurants.

While the total dollars spent at grocery stores remains steady during recessions, the items people buy do change. As unemployment rose during the Great Recession, Americans bought significantly more sale items, bulk products and generic goods, and they used more coupons than in pre-recession years

>The Federal Government
Try to work for the federal government and NOT state or local government. In a recession, consumers cut spending which affects state and local tax revenue. Faced with budget crises, many state and local governments then enact steep budget cuts.

>Colleges and Universities
Students are more like to enroll in college and even more likely to stay in college during a recession. That was true during the Great Recession and every U.S. recession since the 1960s, making higher education one of the more recession-resistant sectors around. As layoffs increase, older workers decide to also go back to school to upgrade their skills.

>>51197695
This makes sense. I do remember that the US seemed to be gearing up for a tariff war with the EU, which would have hit Germany harder than anyone. I can see the German gov making a gamble on the war ending quickly- they tank sanctions for a little while, and in return get positive press, maintain good relations with EE, and avoid/delay the tariff war. It seems like that isn't going to work out though.

>>51197721
Thats interesting. I find it so bizarre though, since UK really has negligible military power for a land war in EE. They have ~148 increasingly obsolete tanks, very little artillery, most infantry are light role, for example. Any alliance the UK could coordinate would be WW1 Belgium and WW2 Poland all over again, the third fucking time. Obviously UK is a nuclear power, but that's already covered by USA, UK only has strategic nuclear weapons (i.e. will kick off WW3, no lowballing with a tactical nuke), and it seems unlikely (if not impossible) they would use independent of USA.

>>51191917
I don't think it's possible to be proactive and european at the same time, just wait for americans to come save you while raping your capital like always

>>51198064
>Vices
Sin wins when the economy loses. Cigarette sales skyrocketed during the Great Depression, and tobacco stocks are still a smart buy in any recession. However, people tend to spend less per person on so-called "sin" industries like alcohol and cigarettes during recessions. The reason is not that people stop indulging during lousy times, but that they cut back some or downgrade the quality of their favorite vice.

For example, the National Restaurant Association reported that wine sales "by the glass" rose sharply as whole bottle sales slumped in 2008. And the Beer Institute said that beer sales in restaurants dropped in 2008, while wholesale beer sales from cheaper stores went up.

Tattoo parlors, on the other hand, boom through both recession and recovery. Tattoo removal services also boom during a recession as laid-off workers erase conspicuous ink to appear more professional in interviews

>Discount Retail
Low prices trump everything during a recession. The three biggest American discount chains — Dollar General, Family Dollar and Dollar Tree — became Wall Street darlings during the recession as they each added thousands of stores from 2008 to 2012. Thrift stores and trendier "resale" shops also drew in new customers.

>Information Technology
IT was the fastest-growing sector in the United States economy before, during and after the Great Recession of 2007 to 2009. Every business nowadays needs systems administrators, software designers and cybersecurity specialists, so the demand for qualified workers is higher than ever.

>Health Care
Boomers are only getting older. Self-explanatory.

>Noncyclical Businesses
Noncyclical businesses survive through good times and bad times because they provide basic, necessary services. Examples: Funeral services, accountants and tax advisors, religious organizations, the military, pharmaceuticals, veterinary services and repair technicians.

>>51195499
>Living in Germany and working in Switzerland must be a real life exploit
If you live in Germany you have to pay income taxes in Germany which are much higher than in Switzerland. Cost of living is lower but due to taxes and Germany being more of a shithole this seems to be a brainlet move.

>>51191917
I hope it collapses, our retarded leaders get what they deserve for slurping the Mutt cock for so many years.

>>51191917
The major difference to the great depression is that we didn't have ECB bailing out every single fucking bank and institution, causing unimaginable inflation and destitution across all of Europe. We're fucked there's no way around it.

But I do agree, we can't fall into despair. I'd recommend getting a movable solar panel+battery set capable of running a washing machine. You can use that to reduce your electricity bill considerably. Also just be sure you got warm clothes to wear at home too. Tough times never last, only tough people last

>>51198537
Also I forgot, degen traders have always thrived in these situations, I read the book "Reminiscences of a Stock Operator", it was a rollercoaster ride 100 years ago too. Just keep trading, we got good experience now with the recent bull markets.

>>51191917
buy companies that benefit from creditmaxxing. shemitah kike warned us like 6 months ago

>>51194899
Do you really think that we'll run out of food? I don't see it. They'll keep food on the table, heating and electricity for basic utilities, plus internet and entertainment. People will never riot or fight back then, they'll be too comfortable with all their needs being met. Of course in the background they'll also devalue your life's savings and plunge the whole continent into poverty, I think we might see something like the Lost Decades in Japan. But there will be no revolution, just comfortable mediocrity without any opportunities or future prospects for the domesticated masses.

>>51200939
Chemical industries are shutting down due to elec prices, there will be a shortage of fertilizers and then next year food prices will soar even more.

>>51192673
>>51195248
Vatniks are fucking retards

I will literally unironically propably lose my house because of the gas and electricity prices

i can't do this , i can't go back into a small slave apartment. I now have a big huge fucking garden with goats and chickens and growing my own veggies 2 big apple trees berrie hedges everything.

If i lose this i have to move back into a wageslave pod apartment with not even a balcony. I will kill myself if it comes to that and i mean that literally.

>>51204480
the absolute state

>>51200939
I doubt the EU could actually ever re-develop to the enviable firstie status if they crash too hard. Large swathes of Europe could literally end up as a middle income trap case. Sort of like Malaysia in that they're are stuck at a certain level and can't rise above it.

With Japan they were cushioned a bit by it being during the 90s when the world was doing pretty well. They didn't face too much competition on the global stage because most of Asia were still poor as shit assembling mcdonald's toys for a bowl of rice a day. They were not part of a fickle Union that had never experienced a proper stress test. And also they didn't just suddenly run out of gas and power to feed their industry kek, it was a housing crisis first and foremost. Even with all those advantages Japan just stagnated, compiling on debt and losing ground year after year to SK and China, on the defensive on their domestic front.

Europe would be fucked if they experienced a significant crash. The disparity between Europoor wages and American wages are so high that if they deviated significantly further, you'd see Operation Paperclip on a continental scale as the States slurps up all the tech workers, engineers and doctor. Permanently shutting the door on Europe being able to compete in the information age.

>>51191917
At least energy is cheap. Jk lol.

>>51191917
Gotta protect the ukronazi

>>51191935
Gebaseerd en geroodpilled

>>51207298
Hello Ivan how's the leg.

>>51195397
Narva, refusing visums, language, sure buddy you're little angels.
>>51202442
I'm Dutch, kike

>>51192005
My country is an exporter of food.
Real problem with Europe is not food, but energy, especially for industry heavy states like Germany.

>>51209267
>Narva, refusing visums, language, sure buddy you're little angels.
How about you vatnik faggots leave to muh mother ruzzia then.
>>51192631
We actually should, fuck that faggot Putin and his imperialist bullshit.

>>51209282
how do you feel about NATO's plans to sacrifice you and recapture you 'at a later stage' lmao

>>51204480
is this a meme?
Just don't heat your house. EZ

>>51209268
dude food = fertilizer = gas.

>>51209331
Feels better than living under ruzzia anyway. Shit hole that is worse to live in than small Baltic states.
Also, here in Lithuania Russians are even smaller minority than Poles and Russian state media harps like we give a shit about them. Young people would not give two shits about Russians and Russia if not for Russia invading its neighbors in 2008, 2014 and 2022.

>>51209369
>invading
South Ossetia had less Russians in it than Lithuania. Think about that when hitching your wagon to the chauvinist Poles who dream of their commonwealth. Because they usually punch way above their weight and disappear for a while after.

>>51191917
>instead of falling into despair and wailing in our own misery, we should be proactive and try to come up with some solutions to weather the coming storm
Ok let's see, russia is not selling gas to us anymore or at least not as they used to be, we should see if there are any deposits convenient enough to extract, but i doubt there's anything that repays its EROEI in europe, perhaps improving transportation should make everything less costly but idk if it's worth the effort. My government already asked south african niggers to provide gas but i strongly doubt it's a cheap solution

We could invest in biogas, but their production capacity is pretty limited.
How about Landfill gas and fracking? Oh too bad, environmentalists will chimp out.
Maybe we can convert coal into gas, but part of its energy is lost in the process.
We could switch mainly to electricity based consumption and rely less on gas, but we need to built more powerplants and upgrade infrastructures.

Also that price cap will not incentivize people to find solutions but just waste what's left in the reserve, yeah it's a pretty big problem.

>>51193028
germanfag here
my electricity bill literally went down a fraction of a cent because they got rid off some Co2 tax
gas bill I have a contract until end of 2023 so in theory they couldnt raise the price ofc they will find some way to fuck me
food and everything else has gone up
I make pretty good money so its not too bad yet
worst is the constant fearmongering in the media its almost like they want civil unrest or some shit.
if things get really bad in the winter I will just move to the canary islands, its warm there and I work remote plus they got cannabis clubs down there.

>>51209397
>South Ossetia had less Russians
Of course, because the whole thing was not about ethnic minorities but about imperialism and keeping Georgia way from the West.
Nobody is hitching with Poland anyway, it's natural backlash to Russian imperialism from Russia's neighbors.
Also, like those 3 - 4 percent (excluding Old Believers) of Russians can fuck off and go back to Russia if they don't like it here, since they are essentially colonists or children of colonists. I wager most of them prefer it here tho, even those that claim otherwise.

>>51191917
>come up with some solutions to weather the coming storm
If you didn't see this coming years ago and did zero preparation then it's too late for you anon. Myself, I got solar panels, a battery and insulated my home. I'll be comfy this winter. If you try buying this shit now, you probably won't be able to get access to all this shit until after winter at the earliest.

>>51191935
based

>>51192764
Why would there be social unrest in the first place? It would not solve anything.
>>51195805
Eh, here in Lithuania we don't consume much energy due to small population size and no almost no heavy industry, so we can afford to just not buy Russian gas or oil at all.
>most hawkish
Because Russian chimp out is not good for us. They might want to attack us next. So helping Ukraine is a priority.
Like, obviously, trade with Russia would be nice, but if they can't stop their dick waving then it's their fault.
Also, we came a bit prepared, bought that LNG terminal after 2014 and so on.

>>51192711
>alternatives supply chains will emerge
such as?

>>51209667
what about China attaking Taiwan? That could disrupt semiconductor's supply (tech stocks go down)

Death to EU, I wish disease, impoverishment, death and destruction on Europeans.

>>51209725
True, this is a problem and I hope that US tries to manufacture more of their own semis, and also in other countries, maybe prop up India and Vietnam as replacements to China. To me it's ridiculous that world is reliant on few places for such stuff. We need more autarky.

>>51192039
Great reset is a meme. Klaus Schwab is just a rich faggot trying to convince his rich faggot bourgeoisie friends that everything is going to be alright.

>>51209369
>2008
Georgian fault.
https://www.reuters.com/article/us-georgia-russia-report-idUSTRE58T4MO20090930
>2014
Should have told the Mutts to keep their paws away from Ukraine
>2022
Should have, again, told the Mutts to keep their paws of and should have implemented Minsk II

>>51209968
No, vodka churka mutts should keep their paws away first. Tired of westoid /pol/tard shits from the west telling eastern Euros what to do and that muh based aids filled Russia is somehow good.

>>51209531
Some providers already increased their rates even though they had fixed rates till next year, in theory they arent allowed to but yeah they dont care, gotta milk the cattle

>>51209986
Man, you're already a shithole colony. Just stfu and take your Russian rape so at least the rest of us can enjoy life.

>>51210147
No, there are more Russians in Israel or US than here, so fuck off.

>>51206471
>Operation Paperclip on a continental scale as the States slurps up all the tech workers, engineers and doctor.
It wouldn't even have to be deliberate. US immigration policy deliberately discriminates against European immigration. If they just did what Trump proposed, and opened up to Europeans, tens of millions of skilled and educated would want to move with no action on the part of USA. It's a no-brainer. Europe is a better deal if you're an art teacher, or on welfare with six kids, or a part-time barista with diabetes, but a shit deal for anyone with skills, whether white or blue collar.

>>51191935
Brand (((het))) met de fires
Maybe thats the real reason they dont want us to get gas

>>51209986
Nice argument. The Americans had a choice to bring Russia into the West and decided not to since they didn't want to share power. They steadily creeped up on them while simultaneously attacking any "rouge" state for retarded reasons and then you tell me that Russians should have just watched along and risk an another collapse? And the while whole of Eastern Europe, including you said nothing and helped them. Then you have the audacity to cry impearialist. Russia wasn't doing anything since the collapse of the USSR which indicated they weren't expansionist until 2014 and even then the US instigated it first.You traded one imperialist for an another and when the time comes the US will abandon you and you'll be left wondering what went wrong.

>>51192764
I hope big Ronnie has clench maxed his anus. Old Jay always got what he wants and no Bucks to big for Jay.

>>51210396
>Then you have the audacity to cry impearialist.
YES I fucking do, because vodkaniggers have been imperialists for like past two - three centuries now.

>>51210518
Everyone was a imperialist for the past two - three centuries and now you took the side of the biggest(current) imperialist on Earth. Keep supporting the US in its proxy war, but don't drag the rest of the EU with you.

>>51210579
US didn't shoot at my grandpa, ban Lithuanian schools and books or impose retarded commie ideology, so I take US over ruzzia any time.
If ruzzia didn't chimp out again in 2022 nobody would have cared much about it in the first place.

>>51195825
The biggest cost is fuel though. How do I grow electricity?
Or rather, are things like solar panels actually worth it in this day and age? Or does it still take 10 years or something to make back the investment?

I bought the top again and now I have to endure another 4 months of upwards crabbing to break even
I cant do this anymore bros

>>51210615
>my
That's the thing, they killed Ahmed's grandpa so you don't care. Okay out of sight out of mind, but why should the rest of us care for your wellbeing? Go fight the Russians alongside the Ukranians if you care so much, go ally with the US, UK, Poland and the rest of the Baltics, but don't drag the rest of us.

>>51210720
Plenty of people here donate stuff and send aid to Ukraine here, not like we are not helping.

>>51210748
I believe you. You guys and Poland are probably the biggest supporters of them when population and economy is taken in.

>>51191935
Cancer Based

>>51192521
Europe isn’t the US. We didn’t give all our fresh water to Nestle for a dollar to grow avocados in Death Valley.

Everyone, please stay on topic and refrain from discussing the war and political issues too much. Focus on practical ideas, such as investments, business opportunities and career choices.

>>51211665
You already gave pretty good anwsers. I'll add that if the crisis isn't solved you should invest in resource exploration as we'll need to substitute Russian ones. Also if there are some private uranium refining plants. Investing in Africa(countries with relatively stable systems and big production capabilities) as there's going to be a scramble between the West and East who gets who there. This all should be later when the immediate crisis is over.

>>51211665
Invest in a boat you can live in and flee to another continent post thermonuclear tactical operations
On a boat water shields you from radiation from all the nuclear plants and waste blown up

If you just want to make profit invest in "defense" industry stonks
Get into EU as assistant advisor to some official and leech

>>51209267
I guess that even Russians are smart enough to not take their own propaganda as facts.

>EU insisted on a free market for gas and electricity
>Norway said no that's stupid, let's do 20-year deals so shit doesn't get fucked
>EU refused, saying free market or nothing
>Norway says OK, fine
fast forward
>EU gargoyles screech after Norway refuses to cap the price of gas and kneecap the free market
>"so much for EU solidarity!" cries Germany and France
>mfw Norway is not even a member of the EU and is still somehow expected to bail all the retards out by doing literal charity work for countries and economies many times its size
absolute clown union

>no tv and socialmedia shit
>no crisis, its all just more pricey

>>51191935
IK OOOOOOK
IK OOOOOOK
Dutch sounds like a donkey language

>>51192486
>Afsluitdijk
Don’t forget Djdhebeksnw

>>51214363
Shut the FUCK UP you filthy Swamp German

Germany and France are mindbroken by russkie propaganda agents

Germans get the propaganda - "Oh you are still under occupation after 60 years by Americans, it's not fair. You're big boys now and you can wear big boy pants and make your own choices!"

France gets - "Oh, you are big strong frons like old times, don't need no anglo to tell you what to do. Le hon hon hon!"

German-France wedge in NATO was literally a Russian tactic described in Dugin's schizobook.

>>51191935
very based

>>51195499
Loads of people near the border go to Germany every month or couple weeks for cheap food & to shop around, it's great t. has Swiss family

>>51210644
I have solar panels for hot water. In spring and summer they perform their function extremely well.

>>51214152
thats why I bought EQNR

>>51216029
based

>>51191935
Ik sneed brood

>>51193478
> It's a sign that the sanctions are working.
Yes, they're working in Russias favour kek
but
> muuuh Ivan
Maybe, just maybe it's because of the ever worsening economic outlook for EU citizens and the realization that their own politicians and elites decided to fuck them over brutally just to appease american foreign policies directed against Russia, my fellow retard?

>>51192711
>inflation is a supply chain problem

Proving again that /biz/'s average IQ is 90

>>51213903
Kek never thought of it like this. The Germans really believed their own propaganda and shut down their energy production. Then they also decided to subsidy the citizens energy costs. This means for example Finland has to pay for the losses the German energy companies they are invested in make. Finland cucked themselves too by investing in these companies that were deliberately put in the mercy of Russia. You have to wonder how can it be possible for entire countries to fuck up this badly. Actually I'm starting to think all of this was made on purpose...

>>51218949
in reality, countries are investing heavily into future efficiencies since everybody came together to take a dump on the designated shitting president. it's been a catalyst for change, even slow moving democracies are cutting innefficient processes back and break barriers down. it's great to see, I feel more connected to my fellow EU bros than ever. and it's hilarious to see ivan seethe, that's a nice bonus

>>51220870
you are delusional lol, you were all sucking the russian teat until the war and now you're fucked this winter and probably the next one too

>>51220919
gas tanks are looking pretty good, LNG terminals are being set up at record speed, it's going to be a comfy winter. and that's assuming it's a harsh one, might as well be super mild. just imagine Vladimir raging at the sun, it's hilarious

>>51220870
>in reality, countries are investing heavily into future efficiencies
like the past 15 years as dependence on russian gas increased exponentially? to be fair, natural gas was efficient while it lasted

lol, lmao even

>>51221296
the strategy was to intentionally rely on Russia, because mutual dependency keeps the peace. that's why everybody was shocked when the crazy old man declared war, it's a really stupid move for Russia. there was no pressure to innovate when gas was cheap and plenty, but now the hand of every politician and company is forced. Russia paved the way to their further irrelevance. it was the world's gas station, now it'll be one of those weird corner shops nobody ever seems buys anything from

>>51221682
This "mutual dependency" has directly funded Russia's military expansion and left large swaths of the European Union up shit creek without a paddle. If you think for even a second that Germany having gas reserves right now matters, wait until winter when smaller countries want their slice of the cake too. The ridiculous arrogance at display would be almost funny if it wouldn't soon cost poor people their lives.

You had been warned for 50 fucking years now that you need to diversify and invest in your own energy production because Russia will never be a good trading partner for long. Their endgame has always been expansion.

When Crimea was taken not a single soul in power in the EU did anything to divest from gas, not even Russian gas. It should have been a massive fucking red flag to stop whatever the hell this naive strategy of yours was. Some years and no consequences of note later here's the invasion we all knew would come and you act shocked.

This is not a victory for any of us. All this innovation is half a century behind schedule and people are going to freeze to death because they're heating their houses with gas they can no longer afford.

>>51221682
>everybody was shocked when the crazy old man declared war
I certainly didn't expect russia to invade ukraine, but to be fair, there were plenty of warning signs before the military buildup along the border took place. The composition of russian banking reserves (i.e. buying gold). Building of pipelines to china/india. And the spark which gave russia the signal that little time was left for them to utilize the military strategic option, UN inviting ukraine into NATO. Russia had prepared for this moment ever since 2014, and their ability to quickly recalibrate their trade (i.e. replacing europe with middle east/india/china) after the western sanctions I believe is proof of that. The russian service sector is ofc the worst off from the sanctions, but the core of the russian economy which is energy/commodities has largely made up for the loss on the services side. All the sanctions achieved was to introduce turkey/saudi arabia/china/india as middle men to europe, effectively "laundering" russia oil and gas back into europe at a steep premium. It's clear in retrospect that russia's preparation for the sanctions was much more well thought through than the sanctions themselves. Just look at the state of negotiations between the EU and russia regarding gas flows... clearly the leverage is in russia's favor. And to think orange man bad warned the EU of this years ago, is divine comedy.

>>51196078
it's not hard at all. you think EU being vassal states to the US is a meme? US is ordering these psychos to kill our industry so that the US gets propped up.