/biz/ - Business & Finance

[Anonymous No.18589097]

Oil consumption and GDP are directly correlated. If you want to see what happens to the "real" economy just look at oil prices(demand has fallen 25% in just a few months) essentially the economy has collapsed the same magnitude as the great depression in only 3 MONTHS!

Retardguments(retard arguments) addressed below:

>b-but green energy

Literally a meme if you think green energy is real your IQ is <115 and failed thermodynamics, MAYBE nuclear can make a small dent and that will take decades to ramp up

>oil consumption has decoupled from GDP

1. It has appeared to decouple due to fake """GDP""" """""growth""""" in the FIRE(finance, insurance, real estate) sector(aka reckless ponzi speculation)
2. It has appeared to decouple in first world nations BECAUSE the heavy polluting industry was outsourced to the third world, looking globally it has not decoupled

In summary: It's over

[Anonymous No.18589168]

In January the labor force participation rate was already ~63% or an abysmal 50-year, all-time low.

More jobs have been wiped out in 2 weeks as had been created in 5 years.

If the current trend continues, the headline unemployment rate is projected to reach 30%, overtaking the great depression at 24%.

Half of those jobs will not come back, partially due to business shutting down permanently, but also because wide-scale unemployment prompts larger businesses to accelerate the automation of jobs.

According to the most recent EY survey ~40 of business owners worldwide have increased their investments in automation. And even those who haven't invested in automation are still looking to eliminate job positions due to financial reasons.

Under current circumstances this means that, even with immediate government intervention, the pre-2020 economy, at least in the US, is unlikely to return.

None of the clocks have any hands.

[Anonymous No.18589204]

>>18589168
Preach it brother

[Anonymous No.18589840]

>>18589168
>tfw i'm an automation engineer

[Anonymous No.18590091]

>>18589097
>>18589097
Oh my gosh, you're telling me... that if the government forces businesses to close and doesn't allow people to leave their houses, that GDP will drop? Well no shit bud you can take your gdp number and stick it up your poopchute just like your olympics and your baseball and your beauty pageants okay mister?

[Anonymous No.18590161]

>>18589097
Oh noooo that suuuucks, now I have to spend LESS money on gasoline. Whatever shall I do?

[Anonymous No.18590230]

@tachyon protocol which is an Internet protocol provides an extensive ecosystem with many world use cases and applications in VPN, IoT,DEFI, CDN, DNS, storage, etc

[Anonymous No.18591761]

>>18589097
Bumping good thread