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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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18306667 No.18306667 [Reply] [Original]

despite 50% unemployment, exponential growth pandemic, US officials literally saying this week will be worse than 9/11 and pearl harbor combined, oil becoming worthless, US about to invade central and south America, growing tensions between nations, the possibility of major world leaders dying, potential Yellowstone happening, potential asteroid happening, and a global lock down of all trade, imports/exports and literally no one has any money and zero consumption We are still green baby!

>> No.18306686
File: 55 KB, 825x491, bitcoinequalsbitcoin.png [View same] [iqdb] [saucenao] [google]
18306686

>>18306667
Because the iron clad truth remains, 1 bitcoin is equal to 1 bitcoin.

>> No.18306692

i'm planned for major red river, good luck to you all

>> No.18306701
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18306701

>>18306667
if you don't understand that the market is completely controlled and manipulated by now, you'll never make it

>> No.18306767

didn't you know? biblical armageddon is PRICED IN

>> No.18307904

>>18306767
how do they price this shit in

>> No.18307924
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18307924

>>18306667
>potential asteroid happening
what ?

>> No.18307925

>>18307904
They don’t it’s just that nobody gives a flying fuck anymore. The antichrist is upon us? Doesn’t matter the fed will make sure to prop up the market, inefficient shale oil companies can’t handle a price correction, doesn’t matter the government will prop them up, etc etc

>> No.18307967

srsly though when will this chaos end
i can hardly take it anymore, it fucked up all my life plans and it looks like it's just getting started

>> No.18307982

I've got puts will I finally make it /biz/?

>> No.18308021

>>18307967
Says the guy who probably posts on every thread saying never ever happens.

>> No.18308078

>>18306667
Tomorrow's forecast:
All Green, baby!

>> No.18308088

Bullchads are literally just fucking smarter than retarded bears. The market is doing well and will limit break upwards tomorrow

>> No.18308089

>>18308078
https://www.youtube.com/watch?v=COiIC3A0ROM

>> No.18308112

>>18306667
there's nothing catastrophically wrong with supply chains or production of goods, nobody's in a hot war, and coronavirus is a scapegoat to justify austerity while the financial system resets after overleveraging again. Everything is still fundamentally strong.

>> No.18308113

>>18308088
There is no limit break upwards

>> No.18308129

>>18308113
>doesnt know about up circuit breakers
Lurk moar bobo

>> No.18308138

>>18306667
You fell for the big media manipulation campaign. You realize this is technically an “economic pause” not a recession right? Mortgage payments aren’t paused in recessions. Student loans aren’t paused in recessions. Rent payments aren’t willfully delayed by landlords in a recession. This shit will be in the rear view mirror in 5 weeks, big pockets preyed on the weak sheep to unload their retirements and you played into it. Congrats anon

>> No.18308146

>>18306667
Everyone will flock to crypto, better get in while you can

>> No.18308165

>>18308088
>bullchads
>bears
>bobos
>mumus
Literally retard speak for fags that can only trade based on a one-dimensional mindset

>> No.18308227

>>18308112
except literally all manufacturing is limited to only essential goods like medical equipment, ppe ect. automakers are halted, import and export is halted only for essential goods. how does this not have any consequences?

>> No.18308231

>>18308138
None of those payments have been forgiven. They will just all be due at once. How does that help the 30% unemployed? How will they be able to pay their bills 3 months from now? The amount of defaulting and bankruptcy will be absurd

>> No.18308246

>>18308231
Which will lead to a real estate collapse, real estate is 100% correlated with unemployment numbers.

>> No.18308263

>>18308246
Which will lead to a banking crisis

>> No.18308276

>>18308263
Which will lead to more unemployment. The only way out of this is Trumpbux on maximum steroids for at least 2 years

>> No.18308321

>>18308112
>justify austerity while the financial system resets after overleveraging again.
What the fuck are you talking about?

Printing 6 trillion out of thin air to give out to businesses, cronies and every citizen is austerity for you?

Also the financial system isn't "resetting", they're literally trying to keep the bubble afloat as long as possible. Trump wants reelection.

>> No.18308354

>>18306667
priced. in.

>> No.18308360

>>18308138
>his is technically an “economic pause” not a recession right?
This is not an economic pause. Bank account aren't being frozen, taxes are still owed, most bills are still due, the Fed keeps printing trillions out of thin air.

Basically nothing is on pause. The middle-lower class is going to go broke, small-businesses are gonna close, people are gonna starve.

This shit is the Great Depression 2.0

>> No.18308386

>>18308227
of course there are consequences in the context of the lag between now and a return to normal operations but the infrastructure is sound, the labor force is still there, and the government has committed to maintaining liquidity, or the promise of it, in the system. this 30% selloff and any coming dumps are a result of imbalances in the credit system being ironed out ie. the reason that production has been halted is to prevent the accrual of shitty debt

>> No.18308394

>>18308276
>The only way out of this is Trumpbux on maximum steroids for at least 2 years
Yeah, let's ask the Fed to print a 100 trillion to keep us afloat. Absolutely nothing can go wrong with that right? It's not like Zimbabwe and Venezuela already tried that.

>> No.18308429
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18308429

>>18306667
>I'm schizophrenic and all the other schizophrenics on the 4chan board I post on all agree the world is ending. Why doesn't the market reflect what I've developed as factual in my mental-illness riddled brain?

you freaks need to stop posting on my board immediately

>> No.18308439

>>18308394
>>18308276
So we’re basically on the razors edge of a real total collapse then?

>> No.18308444

>>18308231
>>18308360
I never said payments would be “forgiven?” This is a capitalistic society anon, your debts just aren’t automatically absolved. I said they are paused and you are incorrect when you state they are due at once, my bank just walked me through it all with my personal property as well as with my income properties. Taxes have been delayed until July as well. I’m guessing you anons rent lol?

>> No.18308457

>>18308321
the global financial system friend
and by austerity, i mean halting the accrual of unnecessary debt. why do you think trump pushed for 0 rates and started the process of nationalizing the fed? if the treasury can issue currency on 0 debt to keep up liquidity, and give time for the previous debt cycle to figure itself out, that's austere but stable considering the alternative.

>> No.18308456

>>18308429
This pretty much sums it up. A lot of poor anons who rent who thinks this is going to upend the capitalistic society we live in. A lottttt of people drank the kool aid on this one, many sheep out there.

>> No.18308468

Except it's not green at all? A simple search describes the market as barely limping. It's been hitting lows all week after the pitiful "rally" from the stimulus bill. Nobody is controlling the stock market, you fucks are just too stupid to read the simplest of graphs.

>> No.18308478

priced in and its just a flu

>> No.18308479

>>18306667
This is why I'm going all in Asian shit like Suterusu. FUCK america.

>> No.18308504

Anyone buying at this point is going to get btfo

>> No.18308541

>>18307924
https://www.space.com/huge-asteroid-1998-or2-telescope-photos-april-2020-flyby.html

>> No.18308565
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18308565

WHY THE FUCK IS THE ASX 200 UP 3.9%
WHAT THE FUCK CUNT

>> No.18308595

>>18308231
>How does that help the 30% unemployed? How will they be able to pay their bills 3 months from now?
They go back to work.
When restaurants and retail stores and movie theaters reopen, they'll all be rehiring. The demand for labor didn't disappear, it's furloughed while we're "paused."

>> No.18308631

>>18308595
Capitalism relies on making more money, if a company breaks even then they have failed. Every single company is failing this year, what the fuck do you think that means? You can't just pause an economy, every second it isn't at max capacity is money LOST.

>> No.18308639

>>18306667
All I know is I have tendies in my fridge, and chans on my browser. Until those are gone, I'm sitting comfy.

>> No.18308657

>>18308631
Did you attend college anon? Genuine question

>> No.18308684

>>18308595
Nobody will go back to work - fucking small business are bankrupt - medium to big companies are burning through their cash reserve at the fastest rate right now.

Prime example is Boeing - bail out announced and 1 day later a chunk of ppl got laid off. Amazing shit, right? :)

This current system is beyond retarded and creats so much fucking ghost companies and the gv keeps them on live support for the god of socialism. You need to coprehend that A BUSINESS HAS TO FAIL and it isn't the world collapse. WE NEED A FUCKING RECESSION or the upcoming one will be worse than all world wars combined, but whatever let's say bullish as always.

>> No.18308709

>>18308684
This schizo is right

>> No.18308712

>>18308657
Do you put your hunger on pause when you can't get food?

>> No.18308723

>>18308631
That's what the stimulus is accomplishing - offsetting the loss. There's no operating cost right now, effectively paused.
Some industries impacted more than others, obviously, but overall we're going to return to normal after a few months.

>> No.18308724

>>18308712
So you didn’t? It’s pretty obvious you think based on emotion and not fact. Intelligence wasn’t for all of us.

>> No.18308729
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18308729

>>18307924
anon why else you u think all the billionaires are having a "Space Race". Better get a stack of Kleros b4 its to late.

>> No.18308741

>>18308684
Yep, nobody goes back to work after this. All anarchy ensues. Renters no longer have to pay rent, they live for free. Banks pay their utilities too it’s amazing. Fuck there are a lot of schizo retards on here. I’m guessing you’re also very poor anon? Maybe have no more than a few grand to your name? Don’t worry the communism uprising is coming buddy

>> No.18308743

>>18308724
retard

>> No.18308746
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18308746

>tfw be a turbo neet with an income
>tfw nothing has changed but my amazon shipping times

>> No.18308763

>>18308743
Insightful post anon. When’s rent due? Or are you in default already anon

>> No.18308766

>>18306667
The day will end in the red, I'm not even the slightest bit worried.

>> No.18308788

>>18308741
You don't understand what this shit is all about right? Monkey brains cannot comprehend shit, classic /biz/. Why would you project your own situation on random ppl here? I don't care about your meme life.

>> No.18308792

>>18308763
You seem to be unwilling to deny that you're retarded though. That's deep.

>> No.18308810
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18308810

Pump Team Six has been deployed and will be operational in 8 hours. Oil gang baby always bet on black.

>> No.18308843

>>18308788
Another renter lol. Your tears, they taste so yummy

>> No.18308857

>>18308684
>A business has to fail
Letting Boeing or airliners go bust or not is not the high stakes end all you seem to be implying. While I certainly don't sympathize with companies like Wells Fargo that are basically corrupt but too big to fail, I can appreciate why the taxpayers would foot the bill to keep them afloat. Letting them go bust has its own set of consequences as well that you must weigh in.

>> No.18308868

>>18308843
The only tears you taste are the ones that come from your sugar daddy's dick. We all know you don't work, peasant.

>> No.18308949

>>18308868
I bought Chainlink at ICO for $0.11. Turned a meager $20k into $300k. I don’t work because I’m more intuitive than you. Enjoy the wage cage and renting your shitty old flat.

>> No.18309104

>>18308595
Literally 0 IQ

>> No.18309121

>>18308595
0 iq

>> No.18309139

>>18306667
You lost me on Yellowstone. Back to /x/, fag

>> No.18309153

Stock market is worth samoe/more in dollars. But dollars has a much lower intrinsic value because they're printing it to Infinity. Just wait until a loaf of bread costs $1000.