/biz/ - Business & Finance

[Homura !AkemiR.2Z2 No.258961]

SO I was having a rather heated discussion with my mother, who seems to be under the impression that the economy is on the brink of collapse because of foreign countries or some shit.

I don't trust Google. I trust you. What are the tradewinds?

[Anonymous No.258963]

No, we're the problem. Barely any meaningful reforms have been made in response to the financial crisis.

[Anonymous No.258967]

>trusts /biz/
I fear for you.

Seriously though, a correction in the near future would not be unexpected. Correction != collapse. I don't know what foreign countries would have to do with it unless you're talking about China (which is mostly just scare talk).

>inb4 Ron Paul happening

[Anonymous No.258968]

She's right. I believe we are on the verge of a catastrophic global economic event. Be on the lookout for a currency crisis

[Anonymous No.258982]

For some reason /biz/ is really naive when it comes to economic happenings.

You guys don't realize that 2008 was the largest transfer of wealth from the middle/lower class to the top top .1% since the great depression. People killed themselves because of it, and the worst part is that 2008 was just a roadbump compared to the next Happening.

All I can say is, the pendulum historically for economic systems has swayed from sound money to speculation and devaluation, and were due for a sway back to sound money. It won't be pretty either

[Anonymous No.258987]

>>258982
Wut

/biz/ is probably one of the biggest concentration of libertarians and anarcho-capitalists that you'll find, with all sorts of /x/ like theories on the economy.

[Anonymous No.258991]

>>258961
UK, US are pretty good at the moment. Might be in for a correction like >>258967
said, but the emerging market rout in Jan helped relieve some pressure.

Euro zone is still unstable with Greece and the new Ukraine crisis. If Russia can keep it in it's pants, then will probably just be a very slow recovery.

China is slowing down. Government is stepping in with stimulus but they can't keep up their incredible growth forever.

Japan is borrowing a fucktonne and my bet is that they'll crash pretty hard in the mid term.

Aus is doing well because of mining.

NZ is almost back in surplus faster than most developed nations.

Opinions are fun.

[Anonymous No.259001]

>>258991
>UK, US are pretty good at the moment.
On what basis do you say this? All the signs show that there is no economic recovery and it's all a sham, just like our monetary system

https://www.youtube.com/watch?v=bYkl3XlEneA

[Anonymous No.259005]

>>259001

>it's all a sham, just like our monetary system

Strap on your seat-belts folks, we're in for a bumpy ride.

[Anonymous No.259016]

>>259005
>implying it's not

Seriously. Our economy is almost purely speculative. We're sitting on billions of dollars of faulty derivatives

[Anonymous No.259031]

>>259001
If by "sham" you mean mass delusion, then you're kind of right. Speculation drives most financial products to some degree anyway. UK markets dropped by 1.5% when the Ukraine crisis started, but rebounded the very next day like nothing had happened.

Consumer confidence is rising (generally, the extreme winter in US shook it a bit) and unemployment is going down.
I'm not saying they're fantastic as the growth is still somewhat driven by the ridiculously low interest rates and other stimulus, but we're getting there.

[Anonymous No.259036]

>>259005
>I TRUST THE GOVERNMENT

What are you 12?

[Anonymous No.259038]

>>259036
>THE GOVERNMENT IS OUT TO GET ME

What are you, wearing a tinfoil hat?

[Anonymous No.259044]

>>259038
>I TRUST EVERY SINGLE THING THE GOVERNMENT TELLS ME

You truly are a waste of a person.

Enjoy your religious cult, you child.

[Anonymous No.259050]

>>259036
>>259038
>>259044
The government will do whatever it has to to get money and votes to stay in power.

Some of that will mean that it screws you over to get campaign donations, while they can also help you out occasionally to get your vote.

Take the good with the bad and find out how to exploit the rules to your advantage instead of just bitching about them.

[Anonymous No.259065]

>>259050
>while they can also help you out occasionally to get your vote.
Literally nothing the government does helps me.
>muh roads XD
Nice try kiddo.

There are no positives.

We would be a much more technologically advanced country with a much greater economy if the government didn't control everything.

[Anonymous No.259073]

>>259065
>literally nothing

Police? Military?

[Anonymous No.259078]

>>259073
The military?
lol they're basically terrorists

Police?
They do nothing but take away my rights.

[Anonymous No.259093]

>>258961
>Up up up, friend, buy now that times are good!
Let me ask you, are you doing as well as this graph values the companies? Is the economy shooting towards the stars, are you and lots of people you know doing GREAT?

Peter Schiff, who accurately predicted the previous crash, has said that we're in for a big crash. He even said that the last one he predicted (2008) wasn't the one he actually meant. He meant the next one, which will, unquestionably (this is me) be even larger. This bubble isn't going to pop, it's going to explode as if it was semtex-lined, and we won't get stained shoes, we'll get blown the fuck out.

Hold on to you're butts and be damned careful with stocks this year and next (if the crash hasn't happened by then, and the FED has inched the price even higher).

>>258967
>Correction
That's what the networks will call it at first. Then we'll be in free fall, and they'll start shitting themselves on live TV. It'll suck in general, but it'll be fun just for that aspect of it.

[Anonymous No.259102]

>>259093
TL;DR We're overvalued as fuck, and this one is about to blow.

Hopefully. Or, the FED keeps its shit up, and the dollar ends up dying next year, instead of simply the economy collapsing. Then we're really in deep shit.

[Anonymous No.259207]

>>258963
This. We will have another worse recession if we don't fix a lot of things that put us here in the first place. Additionally, since most of the economic growth since the recession was concentrated in the top few percentages of wealth in America, the average American is going to get shit on and lit on fire.

[Anonymous No.259227]

>>259207
>since most of the economic growth since the recession was concentrated in the top few percentages of wealth in America

Yes, because of the federal reserve.

[Anonymous No.259233]

>>259227
Exactly. We can't stop the federal reserve from pulling this bullshit until the people who appoint these corporate shills (the executive branch) stop getting into office because of the corporate donations they receive in return for their shilling.

[Anonymous No.259237]

>>259233
I completely agree.

What do we do about this?

Everyone in this country is a brainwashed idiot.

[Anonymous No.259238]

>>259093
>Peter Schiff, who accurately predicted the previous crash, has said that we're in for a big crash. He even said that the last one he predicted (2008) wasn't the one he actually meant. He meant the next one, which will, unquestionably (this is me) be even larger.
Did he accurately predict the previous crash or did he just accidentally predict it? Which one is it? Or is it neither because you're a HuffPost reading cunt?

[Anonymous No.259240]

I always find it funny when people think that the economy based on debt means things will collapse.

We will still have the same manufacturing capabilities and the same manpower pool and the same technology no matter how much or how little our debt it.

Money is something that everyone just happens to agree it is valuable when in reality greenbacks can only be used for toilet paper or fireplaces if everyone agreed it was worthless tomorrow.

The key is making everyone perceive money is valuable.

And that will happen as long as the powers that be can enforce it.

I mean you can horde gold all you like, but if the government comes a knockin for you to pay your taxes, they are going to want you to pay it in US dollars.

Otherwise you go to prison.

So what I am trying to say is that the economy works because everyone is deluded and given our current education system it is unlikely that everyone will ever understand the system to care.

Even if the economy collapses the police states will still exist and the rules will be enforced.

People who have hundreds of guns will find out that they can only use one of them when a drone blows up their house.

And the economy keeps going.

[Anonymous No.259244]

>>259237
Don't you have school in the morning? Save the revolution for a weekend kid.

[Anonymous No.259247]

>>259238
>Did he accurately predict the previous crash
Extremely accurately.

[Anonymous No.259250]

>>259237
The only thing I see addressing the money in politics problem is Wolf-PAC, but they are run by TYT and their uninformed liberalism is probably going to put off people that would otherwise agree with the cause. All the other PACs have to do to shut down the amendment would be run ads (with their now unlimited expenditure capabilities) smearing Cenk/Ana whomever during one of their uninformed tirades.

Either way, nothing is going to happen in time to prevent this massive recession/depression we are headed for.
People like >>259244 show that much.

[Anonymous No.259251]

>>259244
>Don't you have school in the morning?
No I have work tomorrow you NEET piece of shit.

Go back to your shame holes leftists.

[Anonymous No.259252]

>>259250
Oh god I fucking hate the young turds

They're basically fascists

Fuck them.

>Either way, nothing is going to happen in time to prevent this massive recession/depression we are headed for.

How bad is it going to be?

[Anonymous No.259253]

>>259251
Nice buzzword spouting? Is that how you plan to dismantle da system bro?

[Anonymous No.259255]

>>259238
>>259247
Very accurately, indeed. He knows what he's talking about. Check out London Real with Peter Schiff, it's an okay mix of Schiff and coffee peddling comedy assholes to make it palatable.

[Anonymous No.259260]

>Not being excited for a crash

There's a fuck-ton of money to be made, just gotta get out quick and ride it out. Then buy super cheap stocks when it starts to turn around.

[Anonymous No.259264]

>>259240
AND THE WHEEL IN THE SKY KEEPS ON TURNING

[Anonymous No.259268]

>>259253
>Nice buzzword spouting? Is that how you plan to dismantle da system bro?
Good one kid. lol

Why don't you try getting a job tomorrow like the big boys you sycophantic child?

Does it scare you?

[Anonymous No.259271]

>>259268
I have two jobs and go to uni. Anything else?

[Anonymous No.259273]

>>259252
How bad do you think it will be? Income inequality is already getting worse, so when it hits the vast majority of people will have no safety net whatsoever. Even those that thought they had one with pensions/social security will become relatively impoverished.
The worst part about how the great depression is taught in schools is that it is laid out as if too many people were gambling on the stock market and then suddenly it went POOF game over pot goes to the dealer before god-king FDR handed out jobs from thin air.

No one learns anything and they repeat everything. The middle class will shrink and people will wonder what went wrong.
Conservatives will blame liberals (too much spending and muh homo degenerates).
Liberals will blame conservatives (occupy wall st. corporations etc.).

The entire time people will be more concerned about iphones and reality tv.


Welcome to Murrica's Brave New World.

[Anonymous No.259288]

>>259273
>Income inequality is already getting worse
Lol what the fuck does this have to do with living standards for people at all?

>The worst part about how the great depression is taught in schools is that it is laid out as if too many people were gambling on the stock market and then suddenly it went POOF game over pot goes to the dealer before god-king FDR handed out jobs from thin air.

I know, people are fucking insane, it's bizarre.

[Anonymous No.259299]

>>259288
>Not seeing how all of the nation's wealth being concentrated in a small group is going to make a recession worse

[Anonymous No.259305]

>>259299
>>Not seeing how all of the nation's wealth being concentrated in a small group

>thinking taking productive capacity away from the people who ACTUALLY produce will increase production

lol are you 3 years old, seriously?

who in the world can be this stupid?

[Anonymous No.259307]

>>259299
>worshiping the people who enslave you

[Anonymous No.259317]

>>259305
>>259307
I'm talking about the average American here. You clearly are some /pol/ack more concerned about towing your personal line than recognizing that the american people will be hurt more during a recession if they have less money. During a recession the wealthiest Americans are going to be reducing risky spending unless the government continues to give them free money in the same way we "recovered" from the last recession.

[Anonymous No.259358]

>>259317
>You clearly are some /pol/ack more concerned about towing your personal line than recognizing that the american people will be hurt more during a recession if they have less money.


But I want them to have more money.

You want them to have less.

Please die.


>uring a recession the wealthiest Americans are going to be reducing risky spending unless the government continues to give them free money in the same way we "recovered" from the last recession.

no shit

[Anonymous No.259387]

>>259358
>>259317
>>259307
>>259268
Good going guys, this revolution is really starting to take hold. I wouldn't be surprised if we had a total citizen serving economy by next year. You're doing God's (America's) work.

[Anonymous No.259405]

>>259387
>Good going guys, this revolution is really starting to take hold.

LOL

Your butt hurts THIS BAD you have no argument

This is absolutely hilarious.

[Anonymous No.259409]

>>259405
Yes, give me 18 hours while I carefully construct an argument against some coffee house revolutionary. This couldn't possibly be a waste of time for me.

[Anonymous No.259413]

>>259409
>some coffee house revolutionary.

Your projection is hilarious, lol. I constantly work every day.

YOU FUCKING DON'T

Kill yourself you self-hating economically-illiterate lefttard.

get a job you worthless piece of shit.

[Anonymous No.259417]

>>259413
Another buzzword post? The fed better watch their backs with you around.

[Anonymous No.259424]

>>259078
Then you should only invest in over the counter equities that don't file with SEC.

I bet you're gonna make a fortune on marijuana stocks!

[Anonymous No.259422]

>>259417
Oh more buzzwords like the word "buzzword" I see.

It's a shame you couldn't respond to my post lol.

What a child.

Why don't you fucking get a job? cunt

[Anonymous No.259432]

>>259413
>Steal money
>Tell others to get a job
>Get fat
>Get shot
A day in the life of a burgertard.

[Anonymous No.259434]

>>259422
Sure thing bro, even though I've already got two. I'll get another one so you can maintain your delusion of 'revolutionary'.

[Anonymous No.259448]

>>259434
>even though I've already got two
Sure thing kiddo.

We're alll rooting for your socialist revolution. Seriously.

no really, it's going to happen, we're really going to get back at those evil capitalists XD

[Anonymous No.259455]

>>259448
>If I aimlessly co-opt my opponents arguments, it's like I've won!!
You're on a roll kid, you're gonna change the world someday.

[Anonymous No.259460]

>>259455
No really.

You're really going to kill all of those EVIL BOURGEOISIE I can see it now.

Just wait a few years kiddo, then capitalism will magically collapse.

:^)

[Anonymous No.259464]

>>259460
I have no desire to kill anyone or cause any revolution, nor have I stated as such in any of my posts. This is pure projection on your part because your dreams of a revolution are metaphorical horseshit and you know it. Now just go back to your basement and bitch about tha gubment.

[Anonymous No.259480]

>>259464
>I have no desire to kill anyone or cause any revolution, nor have I stated as such in any of my posts.

>EVIL BOURGEOISIE CHECK YOUR PRIVILEGE

Lol okay kiddo, cool it with the marxism.

All you have to realize is that your little revolution isn't going to happen.

The fact that it won't happen must anger marxist kiddies like yourself.

Why does this anger you, seriously?

[Anonymous No.259494]

Unless your mom works for the feds or the news, she doesn't know shit about world economy and she's just acting paranoid to join the liberal bandwagon.

[Homura !AkemiR.2Z2 No.259495]

>>259494

I'm the liberal. She's very far right, as is the rest of my family.

[Anonymous No.259508]

>>259494
>liberal bandwagon
Do you even think about the words that you use? Why would liberals say that foreign countries were going to cause a recession? When have you ever heard a liberal say anything along those lines?

[Anonymous No.259519]

it's not because republicans control the house. if democrats gained control of the government, then yes, the economy would melt down.

[Anonymous No.259523]

>>259519
>implying it matters
>implying you and everyone else won't just blame whichever party they don't like regardless of whose fault it actually is, or if anyone is actually at fault to begin with
Partisanship gets you literally no where, it just prevents you from thinking rationally and/or making money.

[Anonymous No.259531]

>>259523
democrats are like zombies. there is very little dissent in their voting. republicans are much more individualistic generally.

[Anonymous No.259532]

>>259531
Your opinion is totally informed and unbiased, unlike those stupid [insert political party here]!

[Anonymous No.259650]

>>259240
you're pretty delusional when you say that in a Mad Max scenario, people are still going to respect the rule of law and wait for government to give them instructions

fact is, governments are more broke than ever, and it will become normal to just ignore them

I know you think they are going to knock on everyone's door and check up on you, but they don't have the manpower and no one is going to work for their currency

tanks and nuclear weapons aren't really going to help

unless you think they are going to attack their own country

[Anonymous No.259662]

>>258961
Unfortunately there's red hot property bubbles still going on in emerging markets including Brazil, Hong Kong, Singapore, Columbia, and China, all of course financed by cheap US credit.

When that dries up, its going to sour the positions of US investors, leading to a correction and a reduction in margin rates.

You will probably be looking at around late 2016 when the Fed starts raising rates.

[Anonymous No.259671]

>>259093
What the hell happened in '95?

[Anonymous No.259711]

>>259671
The wondrous rise of the shadow banking system, more people trading in the stock market thanks to computers, and irrational overconfidence caused by these new tools and advances such as Black Sholes: which allows you to minimize your non systematic risks, causing you to leverage yourself, but inflation your systematic risk.

Google LTCM