/biz/ - Business & Finance

>>57540309
>30% down in a few weeks
>healthy correction

>>57540321
my monero was down that amount in like a day and i still havent killed myself

>>57540309
Absolutely weak minded little faggots back then

>>57540321
Sounds like the covid crash and that was a nothingburger

>>57540309
They were all leveraged to the tits because they thought it was up only, then got rekd and had to foreclose on their homes and businesses.

>>57540309
post a larger chart and look where the bottom is

>>57540309
It would have been just a correction but the subhuman cousin fucker FDR made it 10 times worse by trying out socialism. The depression of 1921 was just as bad but the govt kept their gay hands out of it and it corrected naturally with little issue. The moral of the story is that the govt ruins everything and FDR was a piece of crippled shit. Fuck that nigger.

>>57540532
Ahhh jeez rick, thank goodness everyone isn't leveraged up to the tits on debt on pretty much every instrument even buy now pay later groceries as well as treasuries in debt when its never supposed to be under $0.

Awww man, aww geez, what are people g-g-g-gonna do, Rick?

>>57540558
>seething this hard about spooky scary socialism
lol, lmao

>>57540630
He's right, the government trying to "fix" it made it much worse. They didn't understand that market cycles are normal, and central planners to this day don't understand this, or even the beneficial purpose of market downturns (culling bad businesses and business bubbles). The whole socialism thing is a bit of a boomer-ism since we've had mixed economies for centuries now, but it's generally true that centralised planners try to do to help an economy invariably makes things worse especially when those central planners are jews.

>>57540309
it was the first ever market correction ever
of course people freaked

>>57540569
kill yourself

>>57540708
Except it was the exact opposite that was the problem, but obviously you being a low iq 4chud wouldn't know a single thing about economic history.
Austerity+protectionism, i.e what low iq nazis love, is what ruined the US after Black Thursday. What fixed it was Keynesiasm, i.e anti-cyclical government spending and social security to rebound it out of the hole.

>>57540321
We had more in march 2020

The great depression is a larp it never happened, at worse of the depression the average worker needed 7 months of his income to buy a house.

Germany did had hyperinflation tough and there were deflatonary pressures, but if people had the choice to live back then in the worse of the depression for a week and then one week here they would all return to what in reality was paradise.

also most pic from the eras are fake some are very famously faked like the roosvelt admin ones.

>>57541000
Wait, you mean a few still photographs don't define an entire era of history? But that sad lady looked so sad.

>>57540939
>Austerity+protectionism, i.e what low iq nazis love, is what ruined the US after Black Thursday. What fixed it was Keynesiasm, i.e anti-cyclical government spending and social security to rebound it out of the hole.

>t. keynsian propagandist

This all started when republics copied the us income tax (which all constitutions of republics banned due to being an unnatural tax) aka a tax that depended on flow of wealth instead of taxing wealth like real estate.

Once most republics fell for the same excuse the usa constitution fell once income tax was declared constitutional (after being declared unconstitutional for a century), then the 1929 crisis was by design going to happen.

You can't have unnatural taxes like income tax without a central banking infalting the money in fact technological deflation and income tax are against each other.

If you have income tax in a depression your national budget deficit increases in a parabolic way due to less income being made and increasing inflation (despite economic slowdown), hence you end in deflation so you need central banking if you are going to have an income tax.

This is by design and the 30s saw the growth of fascism , income taxes and central banking worldwide because the introduction of income taxes early in the 1910s would have caused a stagflationary collapse.

Also funny you mention the nazis when they were ultra keynsians, anti gold standard, and pro state intervention.

>>57540309
post the full downtrend faggot

Imagine holding your bags for 25 years before you brake even again.

>>57541058
You mean a comfy 25 year accumulation your great grandfather could have done so his offspring would have to never work again?

>>57541000
>(((Weirmar))) was paradise
How's the weather in Tel Aviv?

>>57541000
>>57541346

>>57541000
>>57541346
>>57541352

>>57541000
>>57541346
>>57541360

>>57541000
>>57541346
>>57541365

>>57541000
>>57541346
>>57541374

>>57541000
>>57541346
>>57541380

>>57540321
>>57540351
>>57540309
it was lynchings

>>57540309
adjust for inflation.
it was a lot more dire back then.

>>57541500
What the fuck was the terrorism happening in the 1870s??

>>57541085
Yeah this. when does that happen

>>57540309
How do we know the same isn't going to happen this year? I mean, does anyone really know what's going on, or are we all just blind men feeling our way around?

>>57540630
you're a fucking idiot if you dont think socialism is terrifying. you've clearly never lived in a place where the government did whatever it wanted to an unarmed populace.
Socialism is destroying the USA as we speak.

>>57541000
>but if people had the choice to live back then in the worse of the depression for a week and then one week here they would all return to what in reality was paradise.
absolute retard. 25% of the population was unemployed and being on welfare was frown upon. many people refused to receive some aid from the state because it was too shameful, no such thing exists today.

>>57540351
top jej

>>57541549
Communists possibly

>>57541549
https://en.wikipedia.org/wiki/American_Civil_War
Please tell me you're not a burger.

>>57540558
there was way more then a crash going on in 1929
>dust bowl
>economic disparity in southern states
>mass internal migration
>carpet baggers
>no jobs

>>57540358
Did common people really put all their money in stocks back then even? It was probably a bunch of rich fags or retards that put all their money into the stock, and then it crashed.

There was a protracted decline for years after too. Not a meme dump and then recovery like we've seen in recent crashes. The economy was legitimately in the shitter for a decade.

>>57541567
Everybody literally only cares about quarter earnings

>>57541588
the real unemployment rate for young men in the US is 25% as well.