/biz/ - Business & Finance

[Anonymous No.49539478]

>Consumer sentiment has reached a point lower than during the peak of Great Recession along with the previous two recessions.
>We're still at the supposed start of the incoming recession

Is this proof that some serious shit is about to come our way during the next downturn?

[Anonymous No.49539497]

>>49539478
Hyperinflation of the US economy.
100% serious, willing to discuss.

[Anonymous No.49539499]

yes

[Anonymous No.49539533]

>>49539478

No, the reverse. Sentiment almost always is low AFTER drops. And its almost always highest at all time highs. If anything a record low reading could mean people are overly scared and oversold.

[Anonymous No.49539539]

>>49539478
Nothing ever happens

[Anonymous No.49539660]

>>49539478
>Is this proof that some serious shit is about to come our way during the next downturn?
Less than 18 years to go.
We're at the end of the cycle. Everything goes in cycles. Economics, politics, warfare, civilizations, life itself. It's all a cycle. https://en.wikipedia.org/wiki/Strauss%E2%80%93Howe_generational_theory#Timing_of_generations_and_turnings
https://youtu.be/kVOTPAxrrP4

[Anonymous No.49539675]

>>49539497
yep, hyperinflation it will be
buttcorn could get to a million of funny moneys

[Anonymous No.49539706]

>>49539675
I believe they will print and stocks will go down like they did in the 1970's. I believe Bitcoin and the other 19,000 cryptos will go down as well.
Bitcoin is completely traceable and taxable.
Houses are depreciating assets.
There is a reason people buy the shiny metals.
Gold is already outperforming.

[Anonymous No.49539773]

>>49539706
we have privacy coins and even buttcord has taproot and can be private
the killer app of crypto is verifiability
i can send you a 1000 in some crypto, even a stable and you can verify it
while if you use gold you need a lot to verify this is gold and not something funny

also remote sending is a thing, with gold you can't

crapto is here to stay for as long as terra is a monetary world

[Anonymous No.49539862]

>>49539773
You will end up selling whatever you have in order to buy gold, very soon.
On the other side of this monster, we all need to work together and keep the peace, and hopefully those that have a good understanding of business and economics will be the only ones left standing. You can decide for yourself whether you want to be in the crowd or not, but you are running out of time. This is happening.

[Anonymous No.49539898]

>>49539862
those with money will want to preserve the value of that money
those without money will not care about gold
however when you boil down the pros and cons, those with money will be better off risking them to make more money

crypto is a valid asset class

[Anonymous No.49539972]

>>49539898
Crypto is not an asset, or a commodity, nor is it a financial tool. The blockchain is a financial tool, and will be used.
Bitcoin is the method for proving blockchain tech, it is not digital gold. Gold is capital that can be moved and is bearer owned. The government can confiscate gold, if they can find it.
You are playing into their hands by so blindly forgetting history. They want to use the blockchain precisely because of the intense control over transactions and people's stored purchasing power.
This doesn't matter anymore, if you are entrenched in this view, you will not start in time anyways.
The entire information technology bubble is so incomprehensibly large when it collapses there will be a tremendous surplus of skilled labor in programming/maintenance of technology. We are less productive than in year 2000, technology is fantastic but we actually have to use it to produce value, which we have not.

[Anonymous No.49540013]

>>49539972
it is crypto currency
it is a non government mandated way to pay
it is the hardest money ever invented
it is the only thing you can truly own and not be taken from you
the killer app is verifiability
it is here to stay as long as there is trade

[Anonymous No.49540023]

>>49539478
S&P 500 at 1500 in 1 year

[Anonymous No.49540038]

>>49540013
Good luck.

[Anonymous No.49540056]

It’s only the beginning.

https://surplusenergyeconomics.wordpress.com/

[Anonymous No.49540061]

>>49539972
now gold
has high intrinsic value - you can do things with it
crypto has fairly low intrinsic value - you can less things with it, but some of things are scalable
gold is money
but gold is very hard to hide, modern detectors will find it, and you only own it if you can protect it
in the end, the average joy is much better doing the crypto meme

[Anonymous No.49540077]

>>49540038
we don't need your luck
and we are not superstitious cunts
we don't believe in luck

[Anonymous No.49540085]

>>49540077
Checked & based

[Anonymous No.49540098]

>>49539497
is crypto dead?

[Anonymous No.49540120]

>>49540098
we are at all time lows on most alts and we are still at trillion dollar valuation
crypto is a buy right now

[Anonymous No.49540147]

>>49540098
Yes crypto just died 300+ times

[Anonymous No.49540181]

>>49540120
crypto hasn't behaved as a hedge in the past. What makes think it's gonna be different this time?

[Anonymous No.49540186]

>>49539497
Hyperinflation as the reserve has shut off the tap and is raising rates steadily. Okay sure.

[Anonymous No.49540222]

>>49540181
it might not behave now too
however, we have massive infrastructure now
crypto is able to literally run the world with all the things that are already live
and the ease of use is such that once inflation is mainstream meme, the normies will just get paid, put all in crypto, maybe even crypto gold tokens and the will only buy what they need with the rest

the infrastructure is there already

[Anonymous No.49540367]

>>49540222
Sell signal

[Anonymous No.49540369]

>>49540061
>>49540077
>>49540098
Crypto is a risk asset. It is built on debt and credit. Micro-strategy just bought 2.5 billion more using debt.
There is an asset however which cannot be purchased with debt. It is meant to be held and does not produce anything.

[Anonymous No.49540377]

>>49540222
>crypto is able to literally run the world with all the things that are already live
this is it, the stupidest sentence ever written on biz. you win the retard grand prize.

All crypto can do is deliver hyperexpensive 7tps casino architecture to host ponzi scams, monkey pictures, and defi rugpulls. Crypto can run literally 0% of what the world needs. 1% if you consider gambling a 'need'.

[Anonymous No.49540414]

>>49540377
you have many chains, the market has already found a way to scale
>>49540369
it is also an asset that has no expenses and fiat is devaluing so having al loan is beneficial

[Anonymous No.49540444]

>>49540369
you dont own your gold
you cant split it
you cant transfer it
it wasnt even used as banter in collapsed fiat countries like nigeria, turkey and venezuela ( which later became big crypto countries)
wake up

[Anonymous No.49540454]

>>49539478
The market prices in recessions several years in advance.

[Anonymous No.49540476]

also the whole "it produces something, therefore it has value" argument is very weak, you can have companies developing medicines that save lives, and be worth less than a movie producing company in the stock market. Netflix employs a gozzilion people with operations worldwide, and yet it does a -75% in a few days of trading. the stock market is nothing but speculative in nature, being lifted by their backing goverments.

[Anonymous No.49540478]

>>49540444
and you can't verify it

[Anonymous No.49540507]

>>49540444
Buy low PE, undervalued stocks like SWBI and RAD

[Anonymous No.49540520]

>>49539533
checked and ive been starting to wonder if our overlords have some kind of scam cooking. every normie ever is calling a recession...i am too, and every indicator ever agrees.

[Anonymous No.49540540]

>>49539660
>Less than 18 years to go
18 years left for what?

[Anonymous No.49540553]

>>49540186
For now*
Historically, after CPI breaks 5%, it needs rates above CPI to stop it. Clearly, the fed will either completely nuke the market ahead of elections, or run to save it once it starts cratering and kick the can down the road. I know what I'm betting on

[Anonymous No.49540556]

>>49540369
>There is an asset however which cannot be purchased with debt.
Anything in existence can be purchased with debt, you imbecile.

[Anonymous No.49540570]

>>49540444
>>49540478
It is gold, it doesn't need to be verified. Governments are supposed to mint currency in gold and silver, and only gold and silver. It's in the constitution.
The stakes are incredibly high, you don't understand how much you are risking on cryptocurrency becoming something that people want in the world we are heading into.

Gold can be deposited in exchange for credit, or currency to use, which was exactly how the fucking world worked before fiat currency. They had the telegraph and everything they needed for WIRE transfers at the turn of the century.

[Anonymous No.49540587]

>>49540520
>ive been starting to wonder if our overlords have some kind of scam cooking
Take meds

[Anonymous No.49540596]

>>49540570
I have dealt with gold
and you do need to verify it is gold at every step of the way
and it is horrible

[Anonymous No.49540603]

>>49540507
needs a pool and some landscaping out back. rustic landscaping

[Anonymous No.49540609]

Lots of digits in this thread
The world’s wealth has been transferred to the blockchain long ago. Now it’s time for civilization to follow.

[Anonymous No.49540610]

>>49539972
Source on us being less productive than the year 2000?

[Anonymous No.49540613]

>>49540587
> hurr le meds le cope seethe le dilate
ya thanks, smartphone addled npc. when every retard on the street thinks something will happen with the economy, it almost always does, right?

[Anonymous No.49540619]

>>49540476
mate you don't understand stock valuations. Netflix did a -75% because it was ridiculously overvalued, and yes speculative trading drove that price up way higher than it should have been. When the pandemic growth bubble popped, Netflix got shredded (as it should).

[Anonymous No.49540629]

>>49539478
>Is this proof that some serious shit is about to come our way during the next downturn?
You have to ask yourself
>why is consumer sentiment low
>what is going to change to make it go up
The answer to the first point is inflation. The answer to the second point is ?????

[Anonymous No.49540633]

>>49540570
>They had the telegraph and everything they needed for WIRE transfers at the turn of the century.
lmao
"oh hey i sent 50 million by the way"
"oh okay we'll put it on our books then thank you"

[Anonymous No.49540649]

>>49540629
wages

[Anonymous No.49540655]

my only argument is, you didnt have social media megaphone in 2008 or before. i do think its going to be worse, but we havent started yet imo

[Anonymous No.49540676]

>>49539660
>society will collapse in 2 weeks
yeah ok this is ridiculous, i'm buying

[Anonymous No.49540679]

>>49540655
today you can isnta lock your money
in the past inflation was a thing because you could not
so now, the goberment will inflate but smart money will be unaffected
so it is not going to be worse, we have the infrastructure to deal with it

[Anonymous No.49540680]

>>49540596
Life is easier when you have credibility, which we are about to lose, because we are thieves who consume and don't pay the bill. To consume in the future we will have to pay up front, making absolutely everything we do that much harder. Nobody is saying physically transacting with gold is great, but honesty isn't a fucking meme and the US became a land of fucking thieves who robbed the world of its deposited gold after the second world war. 11 aircraft carriers are pretty fucking expensive, and projecting power so people buy US treasuries isn't a long term strategy.

>>49540610
You can go to USDebtclock.org and see curated info and numbers, but Jeremy Grantham has been saying recently that we are far less productive today than in 2000.

[Anonymous No.49540690]

>>49540649
How will QT and rate hikes increase wages?

[Anonymous No.49540691]

>>49540633
SWIFT.

[Anonymous No.49540708]

>>49540680
the gobermant is the thief and the criminal you dumb dumb
all those goberment weapons and systems are there to fleece you

[Anonymous No.49540798]

>>49540708
WE are the government and WE are the ones that consume. The people we owe to will not make the distinction if there is a revolution and a new government is installed. The people themselves must be trustworthy. Japan and Canada have incredibly low birth rates because the cost of living is extraordinarily high and the entire economy exists to take care of the boomers.. the fact there is political stability in those economies in the face of this insane injustice is evidence that those people are suffering to pay for brutally high consumption, but when the time comes, the people and countries that build, produce, and send us 'stuff' and commodities will not make any distinctions. They never have. There is never a free lunch, ever.

[Anonymous No.49540801]

>>49540540
The end of the cycle.

[Anonymous No.49540825]

>>49540798
>WE are the government
So you are expropriating yourself, interesting
>WE are the ones that consume
society =/= government

[Anonymous No.49540838]

>>49540798
there is no we
we is when we have the same objective

[Anonymous No.49540889]

>>49540838
There is a union, which is a fragile thing that is probably not going to survive the collapse of the US dollar. Texas has the right to leave the union by the way.
It's like I said, we are about to lose credibility and people are going to understand quickly the value of integrity, honesty and hard assets.

[Anonymous No.49540922]

>>49539539
writing is on the wall
people on biz are at least aware of the concept of monetary policy
wait until a normal person starts to seriously realize they're broke

[Anonymous No.49540957]

>>49540889
there is no union without consent
a union has to be voluntary

[Anonymous No.49540997]

>>49539497
this would require the fed pivoting first and restarting QE, which they will do. any guess as to when they'll do this?

[Anonymous No.49541014]

>>49540997
on the 15th next week

[Anonymous No.49541105]

Bros help me out I don't get it

Feds keep raising rates and destroys people who own assets

Then they cut rates and restart QE to increase inflation even further?

[Anonymous No.49541109]

>>49541105
Once inflation is back at 2% they can restart QE.

[Anonymous No.49541123]

>>49541109
2% yearly
so we can have 200% inflation today and the return to the normal 2% on that 200%
fiat will literally go to zero

[Anonymous No.49541125]

we're going back to 2004 levels of oil production this year

it'll only get worse.

[Anonymous No.49541135]

>>49540798
are you familiar with precious metals mining stocks? particularly how they've performed in past gold bull markets? any thoughts?

[Anonymous No.49541149]

>>49539478
Great DEPRESSION. Not Recession. Jesus.

[Anonymous No.49541304]

>>49541149
If we're heading to a depression is it best to sell out of stocks and crypto for fiat?

[Anonymous No.49541365]

>>49540801
right...great stuff, smartphone addled zoomer husk. try and form a sentence for once in your life sometime

>>49540798
youre entire life is this childrens cartoon forum, isnt it?

[Anonymous No.49541464]

>>49540922
Nothing ever happens

[Anonymous No.49541568]

There is no recession in the US and it’s unlikely to change anytime soon. The Labor market is stronger than it has been in decades.
Retards (aka (you)) just see high prices and think the economy must be in the shitter, as if that says anything about economic strength or growth. But actually no, it’s just inflation. Nothing more, nothing less.

[Anonymous No.49541591]

>>49540061
>gold
>intrinsic value
0/10, see me after class

[Anonymous No.49541609]

>>49539478
We are literally at the doorstep of ww3 and /biz/ is crying over their small losses kek. You faggots have no idea what's coming.

[Anonymous No.49541645]

>>49541609
Waaahhhhh 2 more weeks! The sky is falling! AAAAAAAAAAAAAAAAAAAAAAA!
Fuck off retard.

[Anonymous No.49541664]

>>49541568
Glows so bright

[Anonymous No.49541666]

>>49541568
>The Labor market is stronger than it has been in decades.
you must have missed all the layoffs across multiple sectors in the past few weeks

[Anonymous No.49541690]

>>49541666
Free money from the fed running out has shaken up a bunch of zombie corporations that were never remotely sustainable.

[Anonymous No.49541698]

>>49539478
2008 was almost 15 years ago which is too long ago for the flouridated masses to remember. sherple will have to re-learn what it means to suffer only it will be worse this time. the steady drip of marxism has rotted through the bathroom floor and aunt linda is about to come crashing through the ceiling with her pants down during the dinner

[Anonymous No.49541720]

damn, posting on a phone really ruined the dramatic effect of my post

[Anonymous No.49541734]

>>49541645
Nice dissonance retard. Relations amongst countries continue to deteriorate at rapid pace. I expect to see Russia increase military activity once oil hits 175+ per barrel.

https://www.navyrecognition.com/index.php/naval-news/naval-news-archive/2022/june/11824-russia-sends-five-warships-near-japanese-island-hokkaido.html

[Anonymous No.49541786]

>>49540655
we're in it now and have been since 2020, it ends in 2023.

[Anonymous No.49541990]

>>49539497
this is so funny. you guys are literally always serious. this is just the one time anyone else is willing to listen to you and you love it

[Anonymous No.49542047]

>>49541734
You expect huh? Go tell the Pentagon champ! You seem like a highly intellectual asset!

[Anonymous No.49542091]

>>49541365
Tail end of Gen X actaually. You fucking nigger.

[Anonymous No.49542103]

>>49539539
What tf is this wizardry?

[Anonymous No.49542168]

>>49540997
Once the first bank starts to fail.
buy SKF

[Anonymous No.49542205]

>>49542103

[Anonymous No.49542369]

>>49539706
>Houses are depreciating assets.
That is true, but land is a store of value. I like gold, but you are being disingenuous if you ignore real-estate has inherent value with land.

>>49541568
Troll?

[Anonymous No.49542641]

>>49542369
Nah, just not retarded
>no significant drop in spending
>no significant rise in unemployment
>no significant decline of trade volume
but muh gas is expensive, RECESSION!!!!