/biz/ - Business & Finance

The rising cost of living on top of rising mortgage rates is squeezing the fuck out of people. Only thing holding millions of peoples heads above water is credit card debt. Few more months and we will start seeing mass foreclosures ala 2008. Ripperino to top buyers

>>51504281

>>51504320
>Few more months and we will start seeing mass foreclosures
Somehow people won't be allowed to buy the bottom though, it's like 2008 all over again

>>51504357
Banks are super careful about lending when the economy is fucked. Lots of people will lose their jobs and wont be able to service their mortgage so they have to be. I have had less intrusive anal exams at my doctor than the examination the bank did of my finances when I took out a mortgage in 2010

>>51504320
Foreclosures aren't going to be listed for sale, they will be packaged into lots of 100 to 1000 and sold off to Blackrock. However the people living in them will be allowed to stay, they will just go from paying a mortgage to paying rent. Blackrock will assist them by applying to section 8 housing, that way Blackrock is guaranteed rent money from the government.

>>51504281
Fug I'm gonna make so much money tomorrow

>>51504357
Correct because they will have no money and institutions will get bailouts. Just like last time.

>>51504452

god I love blackcock

>>51504320
>1 post by this ID

>>51504512
Kek
>>>/gif/

>>51504512
American post.

Lowest vom on the chart btw (goes back to 1960)
>>51504512
Built

>>51504452
Do I even have to say it?

>>51505105
Here's a lil sumn from Citi's reserarch report

>>51504281
> 0 reserve requirement
means nothing

>>51505259
the money isnt going into assets so it means american households are being drained just to stay alive and keep the roof over their head. nobody is implying a failure of the banks themselves

>>51505105
Hmmm.... could it be that Covid was really just global financial crisis 2 electric boogaloo, used as an excuse to lock us down and collapse money velocity so we wouldn't hyperinflate while they printed trillions to bail out the system....

nah.. Covid was real and it was totally necessaire to turn of the global economy for 2 years so some 90 year olds wouldn't die:)

>>51506057
*turn off

>>51506057
You are overthinking it, goy.

>>51504512
Found the jew

>>51505105
So the melt up isn't a meme? There is trillions on the sidelines waiting for find a home?

>>51504357
huh, no not even close, not without layoffs. People have fixed rate 2% mortgages now

>>51504320
and then soon after that everyone who got vaxxed is going to die. damn tough times coming lads. stock up on food and ammunition.

>>51506145
>huh, no not even close, not without layoffs
what do you think is going to happen when zombie corps no longer have access to free money? Everybody's kicking the can down the road until they can't anymore

>>51506057
hey hey stop it. No no no. Totally real of course... Anything else would be antisemitic.

>>51505105
hey, in regards to M1 Vom. I know money velocity is money trading hands in the economy. Is this what this chart portrays as well ? I.e transactions between people and other people/businesses.

and also isnt there an M2 supply as well, what is the difference between these two?

>>51506409

>>51505246
Based East Asians. Low inflation there as well

>>51506483
denks for spuunfeed mi.
Sorry for being a lazy fag >>51505105

It is what i thought it was :

"The velocity of money is the frequency at which one unit of currency is used to purchase domestically- produced goods and services within a given time period. In other words, it is the number of times one dollar is spent to buy goods and services per unit of time. If the velocity of money is increasing, then more transactions are occurring between individuals in an economy."

This is unbelievably bad. I knew it was bad during 2020 but holy fuck... 1960s level. HAHA...
We are done.

>>51506057
Covid was just a cover so (((they))) had an excuse to hyper-inflate a bubble; which they can now pop just in time for the super shemitah, and then usher in, "the great reset."

>>51506662
>denks for spuunfeed mi.
>This is unbelievably bad
ok, now do me.
Why is a low VOM bad? Is it because it's assumed that it'll eventually return to normal levels and when it does is when we see hyperinflation?

>>51506828
>Why is a low VOM bad?
im pretty layman, but basically low VOM simply means that there isnt a lot of real economic activity going on. Money is not exchanging hands between people trading money for goods and services basically.

I looked at this graph back in 2021 and realized we were in very dire straits, and I thought, surely it cant go lower... Well, here we are. It looks like a disaster.

Not sure what it means for the real economy besides (real) growth being massively suppressed, but this is not good, I know that much.
I suppose it isnt to be unexpected as c0nvid killed off so much private business during 2020.. Probably more U.S.S.A type stuff is coming. More government taking over private businesses type of thing.

i have 10$ in my bank account. why? because fuck banks. these jews have mucked up the economy so bad you are way better off buying anything physical than letting those cocksuckers have it. they get bailed out every crash anyways at guess what? THE EXPENSE OF THE TAX PAYER directly and indirectly

>>51505246
>Japan and China looking to be a-okay

short Citibank

>>51504281
is this good or bad for the US Dollar (my only holding)?

Australia once again going to come out of this better than any other developed economy.

>>51506926
picrel says they don't care that you do that, but it's an admirable effort regardless. A run on the dollar doesn't hurt them, they'll print more. A run on gold is impossible, the goyim don't have enough money. But a run on silver is (((concerning))) as it's not only affordable but the supply is limited enough to be vulnerable to the stupid masses' attacks