/biz/ - Business & Finance

[Anonymous No.21335063]

How is the american service meme economy still standing even after a shit ton of the mcjobs are gone?
Why the fuck are we not in a great depression yet?

[Anonymous No.21335094]

MONEY PRINTER GO BRRRRRRRRRRR

[Anonymous No.21335099]

You havent noticed all the people buying silver and guns?

[Anonymous No.21335176]

The stock market is tied only to corporate profits and people are now figuring out the obvious fact that corporate profits aren't a good sign of wellbeing

[Anonymous No.21335212]

>>21335063
economy not needed

[Anonymous No.21335232]

>>21335176
>profits
What corp would that be?

[Anonymous No.21335267]

>>21335063
service economy includes law, consulting, audit/tax services, banking, generic professional services, etc. it's not just retail and food.

[Anonymous No.21335326]

>>21335063
The blowup is going to be massive when things bottom up. You don't know how bad it already is.

[Anonymous No.21335382]

>>21335063
The Fed can make an infinite amount of money and all those people that lost their jobs made MORE money then they would have gotten

[Anonymous No.21335398]

>>21335326
please expand on this, fellow doomer or insider?

[Anonymous No.21335439]

Money printers unironically cure depressions.

Germany did the same thing in the 30s.

[Anonymous No.21335450]

>>21335063
because people with money are the ones that drive the economy not poorfags and welfare recipients. Call a contractor right now, see how they're doing. I work for a manufacturer, we are fucking slammed. We're close to our record year in sales and we're not 3/4ths through yet. All our clients are having record years in sales. Our vendors are behind on orders partly because of the issues with chink tariffs but mostly because of the sheer volume of orders. We have people that never wanted to work with us before begging us to make their orders because competitors are 3 months behind. Construction and home improvement right now are up through out the country. Even our freaking fastener supplier is behind because construction companies are taking all my fasteners.

[Anonymous No.21335454]

>>21335398
It's not doomer. It's simple logic.

What do you get when you give people 9-5 jobs that don't provide a living wage, and then even render those inaccessible while providing help for them? Do you think millions are going to be evicted and live on the streets like nothing happened?

[Anonymous No.21335457]

>>21335326
I’m also interested in what you have to say. I feel like I’m living in clown world where everyone is saying it’s going to be fine.

[Anonymous No.21335546]

>>21335063
are you guys on the total collapse trip or the greater depression line? I'm in the latter, you know, silver and bitcoin and lighter weapons like hand guns and shot guns.

[Anonymous No.21335571]

>>21335454
I agree with you and >>21335457 but it feels like with >50% of people not really afraid of corona, justified or not, things could just kind of go back to normal with a higher deathrate. I'm still banking on a 2nd leg in oct/nov but not a total crash. I suppose the question is when will the bans on evictions be lifted?

[Anonymous No.21335686]

Companies are slowly realizing they can work just as efficiently with a reduced work force.

[Anonymous No.21335696]

>>21335063
It's an artificial boom due to the FED printing money out of nothing and pumping it in to the stock market.
It's bound to correct.

[Anonymous No.21335813]

>>21335696
cope

[Anonymous No.21335814]

>>21335094
Unironically this. Same reason that the japanese economy isn't in the toilet rn

[Anonymous No.21335899]

>>21335686
probably this

[Anonymous No.21335981]

>>21335813
Dude, unemployment is sky high, eviction numbers are sky high, corona doesn't seem to go away, restaurants are going bankrupt.
This is a bubble, and like all bubbles it will pop.

[Anonymous No.21336175]

>>21335063
We are in a depression. Soup lines replaced with food stamp lines. Literal shanty towns everywhere

[Anonymous No.21336265]

>>21335450
This anon is correct. There are winners and losers in every transition.

[Anonymous No.21336329]

>>21335094
fpbp

[Anonymous No.21336364]

>>21335063

We are in a depression, except the bread lines have people in cars with air conditioning

[Anonymous No.21336652]

>>21335450
Yep, i have to go to home depot frequently for work supplies, its busier than pre-corona and shortages of various plywoods, sidings, screws etc are an issue. Definitely starting to see price rises too.

[Anonymous No.21336686]

>>21335439
you retard, they changed currencies to get out of the depression. They didnt print more money to get out

[Anonymous No.21336718]

mcjobs aren't worth shit anyways. they all got coronabux and took home more money sitting on their asses than they made working full time. now the mcjobs are pretty much all back and unemployment is less than 10%. there won't be a collapse or a 10 year depression. most of the delinquent rent payments and mortages will get paid once the police come knocking. the dollar won't collapse.

the shanty towns and tent cities will get a little bigger, we might see a little inflation, and the stock market will crab downwards for less than a year. things will get worse before they get better but the doomers are always wrong. once the chinese flu blows over we will enter Cold War II, the competition and dechinkification will send the economy into a true golden bull run and third gilded age.

[Anonymous No.21336795]

>>21335981
See >>21335450
Also pic related

>>21336686
>you retard, they changed currencies to get out of the depression. They didnt print more money to get out
Ironic you're calling me the retard. They changed currencies during the inflationary crisis in the 20s. The 30s crisis was a deflationary one AKA a depression imported from the US. Schacht used MEFO bills to fund massive public spending which was a legal loophole to get around legal restrictions to money printing.