/biz/ - Business & Finance

[Anonymous No.17796222]

wtf happened yesterday

[Anonymous No.17796260]

>>17796222
the fed printed money to pump the stock before the weekend. futures are already down, it will be a full blow panic on Monday

[Anonymous No.17796276]

Crash is over and everythings back to normal bull wave next week

[Anonymous No.17796280]

trump have corona and infected every big ceo in the country

[Anonymous No.17796293]

>>17796260
don't tell them

[Anonymous No.17796294]

>>17796260
I feel like modays gonna be a pump, everyones gonna get their fiat on their exchanges. All my homies were asking me how to buy btc. Im putting my life savings in it

[Anonymous No.17796300]

Trump fixed the economy, yet again. Expect another full blown pump on monday.

[Anonymous No.17796493]

Fed injected money into the repo market. We're obviously seeing diminishing returns from these types of actions so Monday will most likely be a massacre.

[Anonymous No.17796513]

BRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

[Anonymous No.17796520]

>>17796300
Stop being a cultist.

[Anonymous No.17796854]

>>17796222
Repo markets have been on life support since September. Corporate debt is poised to trigger a cascade of major institutional defaults. Boomers, whose spending leveraged by Keynesian funny-money has been the lifeblood of economic growth, are about to retire. Fed has been trying to keep it all under wraps.

Then the Coronavirus appeared and began to shut down entire nations.

Markets, having expected more time to prepare, began to rush for cash ahead of the collapse.

The fed, desperate to give institutional investors more time to escape, spooled the printing presses into overdrive.

In anticipation, day traders closed profitable shorts, fooling boomers and galaxy-brains into thinking they were seeing genuine buy action. These goobers have since been "buying the dip", inadvertently covering institutions setting up their shorts.

...and now you're up to date.

Ahead we are moving towards peak virus shutting down a majority of the world before we slide into depression with the burst of the corporate debt bubble.

Welcome to the bear market.

[Anonymous No.17796882]

>>17796854
Shit, you made it sound very cool man

[Anonymous No.17796968]

>10 replies
>no one mentioned the long nose tribe
The fuck has happened to this place?

[Anonymous No.17797039]

>>17796968
Even if we genocide the Jews the Anglos would simply fill the power vacum and wed be back at square one.

It's the system itself. The FED chair is also a goy now.

[Anonymous No.17797053]

>>17796854
I’m just a board tourist, but from what I gathered from this I’m gonna keep buying puts

[Anonymous No.17797068]

>>17797039
You mean Capitalism?

[Anonymous No.17797071]

>>17796294
Pfffft

[Anonymous No.17797077]

>>17796222

[Anonymous No.17797086]

>>17797039
The solution is to give me all the power and money. Don't worry, i'll take care of you all.

[Anonymous No.17797088]

>>17797086
I’m in!

[Anonymous No.17797113]

>>17796222
Dead cat bounce

[Anonymous No.17797170]

>>17796294
strange I also got messages out of the blue from people that never bought that I should get them some
thought this would happen when we reach 20k agian when we are going down to 3k again

[Anonymous No.17797238]

>>17797170
Don't do it they'll blame you for anything that happens. What I do is charge $100 or so and help them set up an exchange account. If they want to secure their money further that's another $100 to explain all the not your keys not your coins concept.

[Anonymous No.17797327]

>>17797068
I guess if youd need to label it you can call it Keynesian Capitalism. Maybe some other forms of Capitalism would actually work for all.

[Anonymous No.17797421]

>>17797327
Many would disagree. Anyway you slice it. The economy is failing; with out government we hit rock bottom and with government we hit rock bottom

[Anonymous No.17797622]

>>17797068

Murray Rothbard once wrote: "There is one good thing about Marx: he was not a Keynesian".

If Marxism is a bullet to the back of the head, Keynesianism is a slow, insidious poison.

Not only does it kill, it aims to trick those who survive into thinking controlled money, the most anti-capitalist position possible, is capitalism...

There is a basic definitional problem, capitalism has three popular meanings:

For Adam Smith, a capitalist is a person who employs capital toward production.

For Marx, "capitalism" was a PC term for what he originally called Judaism, a corrupting force synonymous with "huckstering, self-interest and money". Thus socialists consider capitalism to be any manner of huckstering, self-interest and money.

For libertarians capitalism refers to a system of organic emergent order. A scarce resource acting as money can, in a state of free competition, generate price information which efficiently guides a people. Literally the original definition of economy. That which economises.

The fact that few people seem to know there are these three major definitions causes a lot of autistic nonsense as people argue past eachother.

[Anonymous No.17797677]

>>17797622
That is, infact, not the definition of Capitalism Karl Marx held, or, anyone up until Austrian economists perverted the meaning of Capitalism. Capitalism was and is to this day defined by the private ownership of the means of production in a market economy based on wage labor. By and which the production of Commodites are held for the generalized mass production for profit.

There in lies the problem, no matter what way you cut it the mass production of Commodites, not for need, but for profit will soon us all. Simply look to the rate of profit and it's slow decline and you will understand that innovation in a Capitalistic economic system as defined above will lead to the impoverishment of the many by the few.

Innovation means less jobs and therefore less circulation of Capital itself. Is that not what we see today? Yes, this can be off set in many ways, but it is a slow degradation. That is why most of the current economy is built on a thin layer of air; speculation.

Capitalism as an economic system and the inherent contradictions with in the system itself cannot last forever.

This crash is not over, imo and will only get worse. The virus was simply the catalyst for the speculative bubble to finally pop. Imo we will see a massive rally around what is ultimately the mother of all bulltraps.

I hope this is not the case, but, history has never shown this bounce to end favorably. To me, this is the global Economic crisis manifesting itself in reality.

[Anonymous No.17797684]

>>17796260
The Fed didn't pump money into the stock market, stop spreading this lie.

[Anonymous No.17797685]

>>17797622
>For Marx, "capitalism" was a PC term for what he originally called Judaism
Damn, based

[Anonymous No.17797702]

>>17797677
Doom* fuck spell check

[Anonymous No.17797863]

>>17796294
>>17797170
same here, last couple of days were the most people ive ever had askign me about bitcoin, finally deciding to pull the trigger and dip their toes. medium term i'm extremely bullish

[Anonymous No.17797875]

>>17796222
bitcoin halving (in price)

[Anonymous No.17797983]

>>17797875
next comes population halving

[Anonymous No.17798033]

>>17797863
>normies wanting in
>extremely bullish
???

[Anonymous No.17798236]

>>17796222
Trump mobilized the free market giants, it was amazing how he paraded all those industry bigwigs at the presser yesterday.
Absolutely based.

[Anonymous No.17798410]

>>17796520
Stop being a loser.

[Anonymous No.17798984]

who among you didn't buy? lol!