No.1461524
>>1461500Did banks just promise to HODL?
No.1461529
>>1461522I also would like to add how fucking absurd it is to see people on the American TV saying shit like
>we need to protect our democracyWhile knowing that the people in charge of the US are the ones who can cancel democracy any moment.
That’s like prison warden telling you if you don’t behave they will increase the amount of beating
No.1462139
I hope the USA defaults.
No.1462150
>>1462139and hands over all their assets to
mexicoooo No.1462162
>>1461511the US can afford anything it wants. it prints its own money and stands atop the world as the sole global reserve currency. the world needs its money just as much as it needs to be able to afford its retarded military budget. debt ceiling and debt repayments is all irrelevant nonsense at the end of the day when you are god and creator of the only currency worth a damn (for the time being).
No.1462165
>>1462162That is not how economics works, read Fredrick List that pointed out that 19th century British Empire couldn't afford anything it wants because all nations economies are limited by their industrial outputs. More money can't produce more steel, more electricity, more lumber, more ships, ect. You need productive forces for that.
No.1462198
>>1462165that is what imports are for and the global reserve currency meaning there is a constant demand for dollars regardless of the US' other outputs.
No.1462199
>>1454359No way
Damn like I know they did a lot of bullshit but they had some good videos among them, especially as far as mainstream US media goes.
WELP GUESS IM DONATING TO NEWS SITES NOW
No.1462204
>>1462198That creates an import imbalance meaning the exporter nation will eventually limit its exports to you. Next in war your trade lines are severed like they were for the Central Powers during WWI thus why the German lesson from WWI (and the USSR lesson as well) is you need to make everything you need for war within your realm so you actually have the means to win wars so you don't have to worry about long supply lines while trying to do total war.
No.1462946
I know it's all theater, but it would be so sweet if the US retard government actually defaulted. Who's with me?
No.1462989
>>1462946I like my spectacle entertaining! No bread all circus!
No.1465050
It's here and I am shilling it to you like a proper communist.
https://rarepepebag.com/Like three days ago this started. It will moon. It is already mooning. It's in the telegram phase now.
It's funny AF and it's backed by 2016 rare pepes. Basically bubble on a bubble on a bubble but from guys that hold rare pepes before it was cool.
it hasn't reach exchanges yet
I speculate it will be the last thing before everything goes to shitter.
No.1465057
>>1465050Hasn't NFTs crashed and burned already?
No.1465080
>>1465057not burn but crashed yes. But here is the thing, all this useless shit is like cheap shady horse races. As long as it is allowed people will bet again and again.
No.1465156
There were rumors of Biden saying he'll prevent bank withdrawals if there's a run on the banks. The nerve
Likelihood of this happening and what would the fallout look like?
No.1465160
>>1465106wtf i cant save this
No.1465233
>>1465229I'll suck your dick in exchange for letting me download the sequentially numbered pepe. It's the only pepe im missing from the set
No.1466014
Can any of you smart people explain why employment keeps rising even though that's the opposite intended effect of the increased interest rates? It's fucking me up a bit
No.1466016
>>1459591My guess is that dems will cave in on whatever ferverish anti-immigration bill the GOP is cooking up, but it might also happen that Biden will actually Mint The Coin™ and finally we will stop hearing from MMTers when inflation goes nuts.
No.1466017
>>1466014probably people who already have jobs taking more jobs
No.1466023
>>1466014The effects of interest rate adjustments from the government to markets take a while to kick in
No.1466036
>>1466014yeah its strange but once the recession really starts biting we'll see unemployment come back
No.1466040
>>1466014its not rising, Im already seeing a lot of layoffs and people having a harder time getting jobs. The official numbers mean nothing, they dont include discouraged workers
No.1466191
>>1466014The internationally recognized measurement of what counts as "employed" is one hour per week.
That is, as far as the data is concerned, one person working eight jobs that each take one hour counts as "eight jobs employed"
No.1466638
2008 was the millenialcide
2023 (2024??) is gonna be the zoomercide
No.1466639
>>1466638Yes. The zoomerproles rise
No.1466883
>>1466014>>1466191There's also the problem of fake recruitments to fight the rising wages. Amazing shit capitalism does to keep working
No.1467226
>>1462199>WELP GUESS IM DONATING TO NEWS SITES NOWhorrible position, completely undialectical, let them rot
No.1467635
>>1466191>reduced working hours <means more jobs per personThis is the future Jehu asked for.
Welcome to Real Communism.
>>1466014Stimulus bill maybe?
No.1467839
It honestly insane that we don't have cybernetics running the economy. It's like if all the technology for the bloomberg terminals and whatever did exist, but everyone traded stocks using pen and paper because of "muh individualism." I hate this timeline.
No.1467851
>>1467839but we do have cybernetics running the economy already
No.1467852
>>1467839This flag makes nothing but dumbfuck posts lately. Ever heard of autobuyers and autosellers?
No.1467861
>>1467839Bloomberg terminals buy stocks and other financial securities, not commodities
No.1467875
>>1467874
t. liberal
No.1467876
>>1467874
How? I thought socialism was against privatization
No.1467878
>>1467874
Command economy vs market economy is not a binary choice. Google commanding heights of economy and then see what parts of Chinese economy are still under direct state control and adhere to five year plans.
No.1467885
Socialism=/=command economy
No.1467894
>>1467839We have central planning it's just mostly done inside businesses and is spread out and the different parts are not communicating with each other and the end goal isn't the common good, human development or social aims, but profit.
No.1467901
>>1467874
>mixed market economics doesnt exist
No.1467924
>>1467226Even the socialist sites?
No.1468373
>>1468349>Nazi shit on cnbcLol
No.1468452
>>1466016What is minting the coin and how does it relate to MMT?
No.1472812
bump
No.1475866
we defaulting?
No.1476971
>>1475866June 1st.
Pedal to the metal powell for the win
No.1477004
>>1476959you should invest in copper
I don't care what anyone says about the practicality of it or if gold or even silver is far more fungible. can you invest in 10 kg or gold? no. 10 kg of silver? maybe, if you're well off. 10 kg of copper on the other hand, almost anyone can afford
No.1477556
>>1477500I hate to tell you, but it'
No.1477960
>Republicans stall the debt ceiling and create a crisis
>we get the recession they've been hoping for
>blame it on dems and during a dem administration
>GOP wins in 2024 because of right now
Calling it
No.1478133
>>1477960that just seems to be way too predictable of a plotpoint.
No.1478145
>>1477960The economy was already pretty shitty I'm 2022 and they still barely squeaked a win in the house. Also with all the migrants leaving, boomers retiring and the pile of dead workers from covid. I don't see how the job market is going to cool off anytime soon.
No.1479071
>>1477960You say that, but one of the points republicans pushed during the midterms was "what about the economy", and they didn't get their red wave since people realize that it's not like republicans actually have an answer for the economy.
(Granted, 80% of republican talking points are culture war nonsense and appealing to a minority of people that only have as strong as an influence because of all the gerrymandering.
No.1479144
>>1477004>copper, silver, goldpleb
the future is TUNGSTEN
You want 10kg? Guess what, tungsten is so dense that 10kg only takes up 512 cm^3, about half a liter.
No.1479146
>>1477960Honestly a default would be one of the most historically impactful events from the perspective of America's imperial decline. Bourgeois Republics work under the assumption that even opposition to the government is "loyal." Which is to say "I disagree with the opposition, but I understand we're all in the same boat (maintaining class rule.)"
Republicans purposely causing a default would destroy the global economy, and show to the Bourgeoisie that they fundamentally
aren't loyal. That at the end of the day, they either want to control this whole thing or burn it down. The question is whether the powers that be will tolerate their increasingly manic and unpredictable leadership, or decide it's time to terminate the Republican Party.
Of special note too, is that Citadel Securities is allegedly shorting U.S. treasury bonds, and Ken Griffin is a big Republican donor, so there may be segments of finance capital either egging on a default or will at least benefit from almost defaulting.
No.1479152
>>1479146>Republicans purposely causing a default would destroy the global economy, and show to the Bourgeoisie that they fundamentally aren't loyal.And trying to seize power in January 6 and all the other times they have been trying to wrest control of the federal government through the courts etc wasn't? Not that I disagree with you, but are the bourgeois liberal faction just very myopic about the schizo christian right? Or alternatively maybe these antics are actually serving some other bourgeois end (in theory). Maybe the decline of US global hegemony is leading to a shift in the balance of power toward the national bourgeoisie, and screwing over the international bourgeoisie is the goal of these people. That's been the main split in US federal politics for a while now.
No.1479161
>>1479146Who would actually benefit from a default? If it's people who short bonds, would they actually get paid if the bonds get trashed?
No.1479164
>>1479152I mean it's wholly possible that no one has any plan, and that the default is going to be the result of some MAGA Q-nut like MTG or some other Republican just saying "Fuck it, let's see what happens."
This would also show the dearth of any remaining establishment power in the Republican Party. Because while figures like McConnel might be vampires, they at least recognize some need to keep this thing running. The Q types? They're retards with a childlike desire to punish their enemies.
I think we're either going to see an extremely narrow debt ceiling raise (after a long period of some Republican playing a "Will I, Won't I?" game with their colleagues) or we might actually default. Which would collapse the economy overnight I think.
>>1479161I have no clue to be honest. Maybe the short position could be leveraged to pay off debts or to purchase hard assets. It's kind of unprecedented.
No.1479777
>>1478145If the US defaults, 2022 is gonna look like fair weather
No.1479788
>>1479777How? What fails first? Why?
No.1479812
>>1479788>What fails first?IDK
No.1483264
>>1483255Fucking Rockstar always bleeding the players…
No.1483304
So I didn't take the US government defaulting thing seriously because it sounded like some crazy spectacle myth and I thought debt was just unlimited when you're the USA.
Maybe there will be a Second Thought video on it soon.
No.1483308
>debt ceiling deal reached
We were so close leftysisters…
No.1483312
>>1483308I told you guys, this happens literally every single time, it's just spectacle
No.1483315
>>1479152>And trying to seize power in January 6When people say "Republicans", they usually don't mean the fringe caucus of mask-off fascists, they mean the general view of the party.
And that is an important distinction, because the party is broad, some of them do consider themselves, in a twisted logic, to be pro-freedom and pro-democracy and won't support a Trumptard coup that centered around a chant to hang the Republican Vice President. While on the other hand, encouraging a financial crisis while Democrats are in power gives their whole party leverage (ability to raise the debt ceiling) and reputational power so I'd say it would be more likely to see wider strategic support than the failcoup.
>Maybe the decline of US global hegemony is leading to a shift in the balance of power toward the national bourgeoisieI'm not economist, but the government losing power seems great for the national bourgeoisie who fantasize about le free market small government.
No.1483316
>>1483308>>debt ceiling deal reachedButt at what cost?
No.1483362
>>1465241Try autohotkey, there should be a way to get a keybind or something for right click. You could even map it to another mouse button if you have one of those mice with side buttons.
No.1483452
the fact that there are people in this thread RIGHT NOW who thought there was a >0% chance of a debt default happening is a powerful indictment of spectaclebrain overriding both common sense and actual reality. log off. touch grass. the internet isn't real and a major contributor to our modern woes is the widespread belief that it is.
No.1483460
>>1483452B-but the memes said it would happen! The posts! What about the posts!
No.1483471
Why do they even have a debt ceiling? It only provides media spectacle
No.1483572
>>1483471I don't know any of the history behind it, but if I had to guess, it was the old "Fiscal Responsibility" nonsense that the Republicans used to taut.
No.1483577
>>1483572Pretending that managing a national budget mirrors that of a household or a small business, especially that of the nation with the world reserve currency, is the most financially irresponsible thing you could do
No.1483889
>>1477060> I wouldn't do anything with the stock market personallyWhy not
No.1483890
>>1483867no shit. Mass global starvation within 2-4 years. if you're not doing permaculture with as many high calorie crops as you can then you're going to be fucked
No.1483895
>>1483890I live in an apartment so I’m going to have to spec into being a cannibal raider. I wonder how much mass starvation needs to happen before the stock market takes a hit?
No.1483944
>>1483452It will happen eventually. The bet is on which of debt ceiling crises becomes the first one
No.1484159
>>1483471>It only provides media spectaclethis is actually a vital component to the media cycle in american politics. the more nothingburger crises that develop, the more time is wasted focusing on them in the news and online, and the less likely that real issues have to be acknowledged, let alone addressed. the debt ceiling issue has been going on for about two months and really went into overdrive the past couple weeks - that is a healthy chunk of time during Biden's current term where actual issues did not have to come to the surface, as all the oxygen in the room was eaten up by this nonsense. these nothingburgers always happen like clockwork because they are a reliable and perennial distraction.
No.1484399
How exactly does the US dollar being the world reserve currency give the US the ability to spend so much? I keep hearing that all this debt buildup is possible only because the dollar has this property.
No.1484404
>>1484399They control production distribution exchange of the world's money
No.1484849
>>1484399Great question. Subjective value of currency means that it is basically a form of governmental debt to investors and people who own the dollars own the government's debt. What this means is that because every country has been forced to trade in us dollars, they have basically been trading US debt for things like railroads or factories. That makes it so that other countries have an interest in us economic strength because they are under the assumption that the more dollars they collect, the more debt they can expect to be able to collect from the us government in the form of cheaper trade deals or lobbyist efforts. This only works if countries actually continue to believe that the dollar has value as debt and assuming the debt will be repaid, which is why the idea of an economic default would be so devestating to the US economy, because countries would be more likely to just burn their dollars or trade them all back in with the USA expecting to get as much as they can get materially from it like a run on the banks. It's also why drparting from the gold standard was so dangerous, because the US stopped providing a safety net for the american economy in the form of gold that it could sacrifice in the event of an emergency. It's an open secret that fort knox is empty. Instead, the US started providing military protection to oil exporting countries in return for the oil to be sold exclusively in US dollars, and now saudi arabia is stabbing us in the back. So that's how that works.
No.1484907
>>1484399To conduct trade a country needs foreign cash reserves, which just sit there until they need to be used. Overwhelming majority of these globally are US Dollars, thanks to Bretton Woods system, and later the petrodollar. Hegemony of the US also means that a US dollar can bounce around countries, settling trade, without ever touching the US economy. For as long as countries need oil to run their economies, a $100 dollar bill printed by the Fed, a
promise to participate in the US economy, will simply lie dormant for years. And the US doesn't care, because it prints its own "cash reserve".
This system is upheld by American dominance, upheld by American military and alliances and brutalizing
anyone who dares to go against it. Saddam wanted to trade oil for Euros - dead. Ghaddafi wanted to create a gold backed currency for Africa - killed (by France, the #2 imperialist).
No.1484971
>>1483867How is El Niño anomalous?
No.1484974
>>1484971I guess because it is going to be much strong than years past? Not too sure. But the Finacial Burden that will happen is a real thing though that will cause much destruction. When this stronger hurricanes hit.
No.1485008
What's the chances of the Freedom Caucus being based retards and shooting down the debt ceiling bill?
No.1485013
>>1484974The real question is, how do we profit from this? It's not like we can call up a broker and short shoddily built Floridian houses
No.1485019
>>1483867>>1484974I guess this means the Colorado River water war is cancelled
No.1485023
>>1484971It used not be as frequent and with this much destruction. Usually it doesn't last over a year, now it does.
No.1485209
>>1484971You should buy all the toilet paper and bottled water you can find, just in case its bad
No.1485288
>>1485209That reminds me, I've been meaning to get a bidet.
No.1485295
>>1485288Well, you'd better hurry before they run out!
No.1485450
>>1483890I'll be doing slash and burn thank you very much
No.1485600
>>1484849>>1484907With Saudi Arabia questioning its allegiances now, will there be a military conflict considering its important role for the dollar? Or was oil on its way out anyways and it doesn't matter so much?
No.1485601
>>1485600>Or was oil on its way out anywaysoil is king, bruther
No.1485696
>>1485600Conflict with saudi arabia? Probably not, although their willingness to sell oil in local currency is an alarming trend for america
No.1485700
>>1484971Because the past hottest years ever registered in human history were La Niña years. El Niño is gonna be brutal. Like widespread hunger in "developed" countries kind of brutal.
No.1485710
>>1485700Not only that, but El Nino varies in strength and duration and all indicators are pointing to it being one of, if not the strongest, el nino in recorded human history. This could push us past a tipping point that destroys soil for decades. Once soil goes hydrophobic, it's really hard to restore it.
No.1486623
Why is the stock market so slow to collapse this time around? Is it all the liquidity and quick responses to bank failures?
No.1486635
>>1486623Tech and ai speculation is driving the market. The economy is still growing. Job report was way above bourgeois expectations. Powell isn't doing his fucking job. Inflation grew. More pressure is needed.
No.1486679
Is investing in Chinese ETFs a dumb decision? Most people seem to say yes, but I can’t tell if they’re basing that on reality or “le evil organ harvesting seeseepee”.
No.1486700
>>1486679Foreign investors don't have very strong rights in China unlike in the west, so it's possible you might lose out.
No.1486811
>>213072How many failed predictions of imminent catastrophe have occurred since this thread was started?
No.1486935
>>1486623Has printing actually stopped? As far as I understand, they just print a bit slower.
No.1486942
>>1485600>>1485600my assumption is that the saudis saw the US overinvestment in the russia-ukraine war as their go ahead to act now while the US position is unsure, spread thin, and they have some room to manuever. BRICS is obviously doing this now too. its an obvious good move but scary because who knows what the twilight of a frustrated US empire is going to look like when it is receding in every kind of influence except military
No.1486947
>>1486623I don’t think anyone
wants a market crash, so there may be greater cooperation between state and financial institutions, or perhaps a greater degree of fraud. I got a feeling that when things crash this go around, we’ll see a variety of toxic pustules burst in the market. Mass homelessness, unemployment, misery akin to 08
No.1492071
Been a while since I did a GameStop update. Why am I doing one now? Well, hopefully, its to provide more evidence for how insanely rigged the Stock Market actually is.
>inb4 "SHUT THE FUCK UP ABOUT GME"
Even if you don't invest in it, or don't think it's going to squeeze, what makes GameStop so amazing is you get a firsthand look into how much power market makers actually hold over stocks. And I think it goes a way towards explaining why we haven't seen an "official" recession despite there being a million and one reasons for the economy to crash.
Just to start things off: there's zero argument against GameStop, presuming a fair market. Zero. Zilch. There's not been a single technical analysis that would suggest GameStop stock is going to be worth less tomorrow than today.
Why is that? Well, let me explain. You've got a company that has:
>$0 in debt
>IIRC, $2 billion in assets
>Disposable Income
>Profitable
>A fanatical group of investors who support the company no matter the price
>More than half the Company's stock DRS'd and essentially not being sold.
The only argument against GameStop is "It's a dying brick and mortar" which isn't even an argument; it's a doctrine of faith. People are saying its dying because they simply wont accept the reality that it isn't. Anyone claiming the stock is "gonna go to $0" isn't living in reality; for GameStop to go bankrupt would take years. The people arguing that aren't being serious or engaged in anything material, just anecdotes and vibes.
Anyways; during trading hours things were pretty good today. We stayed above $25 for most of the day, even went over $26 a couple times. But the thing is, these big market makers use algorithms in order to completely buck reality. Today's earnings day, and I suspect we're gonna see another quarter of sustained profitability.
So of course, after hours, the price immediately shoots up to $28 and then drops down to $20 at the time of my writing this.
Normal investors can't trade After Hours.
GME is likely still profitable, maybe even seeing an increase in profitability.
No one is selling.
What you're witnessing here is literally just huge financial institutions rigging a company's stock in realtime. Even by liberal standards, this is an act of extreme illegality. These are literally just algorithms using finance loopholes to keep a stock from getting more valuable. The reason for that is because if GameStop does increase in value, then all these companies which shorted it before the huge retail sentiment saved the company would go under.
And the thing is, if we see a general recession, there's a good chance these companies couldn't meet margin requirements. Which would mean forced selling of securities to cover a huge position they irresponsibly gambled on.
Chances are they'd dip normal peoples' pensions to cover their own gambling mistake.
The next recession is going to hurt as many people, if not more, than 2008. All because these companies got greedy.
No.1492074
>>1492071SHUT THE FUCK UP ABOUT GME
No.1492082
>>1492074No.
Also in additional news, GameStop might end up buying BBY at a discount and rolling it into a sister company ("Gmerica"). It's already got a web3 games client too. It's gearing up to be a competitor to Amazon.
Shit's hype.
No.1492090
>>1492071Please read Das Kapital. It should be a prerequisite for posting in this thread.
No.1492113
>>1492100My whole point is that the price of GME is artificially being suppressed. When you've got a company that quite simply isn't allowed to go above a certain price range regardless of good fundamentals, it's no shock that in some cases you'd get a better return.
Still up +40% YtD however and retains the possibility of massive movements up.
No.1492133
>>1492090He's in the CPUSA apparently
If he reads Capital, a Democratic Party aide will bust into his house and execute him on the spot
No.1492393
>>1492071Is this an advertisement or are there real people on this chan who believe they should participate in this rigged market fraud instead of buying crypto, planting a garden or doing anything else of value with their time and money?
If you really can't think of anything useful to do, burn your cash.
That may be silly but at least it doesn't harm mankind by giving even more money to the worst scum of the earth.
No.1494759
>>1492074let her talk, it's interesting stuff
No.1494760
>>1492393maybe it's an advertising shill but if true it's interesting that manipulation can be so out in the open
No.1494814
spusaanon is a long time poster we can forgive their eccentricities
No.1494834
id be more optimistic about GME if they weren't betting their future on a NFT marketplace
No.1495675
>>1494759he is bullshitting people in order to lure gullible ones in. he is just a shill. There is literally nothing interesting in this.
No.1500738
This thread became a dumpster fire sometime in the last year
No.1503203
>>1503165Here's a Story about a little guy lives in a blue world. And all day and all night all he sees is blue like him, inside and outside.
No.1503226
>>1503203Blue his house with a blue little window and a blue corvette and everything is blue for him and himself and everybody around cause he ain't got nobody to listen to……
No.1504093
>>1504089Don't have time to watch seems interesting enough I suplose
loik the Myayan poposclspdyWhy in /crisis/
tho?
No.1504151
comrades, /ourtovarish/ Michael Roberts of the next recession blog was on The Geopolitical Hour of the Geopolitical Economy Report. The crossover we've been waiting for.
Anyone else remember when Michael Roberts seemed unaware of Michael Hudson?
No.1515089
>>1506593Comrade Truss has saved the Labour movement once again.
No.1519729
thoughts on airbnb collapse talk?
No.1519730
>>1519729needed to happen, like, yesterday
No.1520325
>>1519729Nice to see short-term rentals dying out
I refuse to take any lease that isn't guaranteed for a year at the
least No.1544169
>>1544021> also fuck tomatoes, eggplant gang stronk.fuck off. Tomatoes are as red as the communist movement.
Every comrade of mine would prefer tomatoes over eggplants any day of the week.
No.1544181
federal reserve signaled its reducing or stopping rate hikes. the market is desperate for some good news so there will be talk of a dodged recession. to me, the risk of crash is greatest when the market believes it won't. if we see stocks continue to pump we could go down that path. there are also outside factors pushing for investors to store their value in stocks, like unprecedented inflation and the huge transfer of wealth from bonds to stocks as interest rates get higher and higher. For the next few months the key thing to watch is the rise or fall of inflation
No.1544243
>>1544181oh u didnt hear? recession has been cancelled bros
No.1544245
>>1492113delusional retard. Its been years since ive argued with you about this not going anywhere and you are still here years later coping and shitting all over this thread. How long before u stop kicking this dead can down the road?
No.1544252
>>1486935No. They resoomed printing billions when the banks were collapsing to stabilize shit again. They also slowed rate hikes temporarily then to stabilize shit.
Theyve chosen the hyperinflation path, fed prints and injects a few billions every time a market panic happens now to stabilize shit. Then market booms again for a bit. Its basically life support for failing businesses and banks, every time it flatlines fed is now doing a cash injection
No.1550093
https://archive.ph/8ONhTJapan finally ending yield curve control. They were the last market with low interest rates and unrestrictive monetary policy. This means the BOJ will stop printing massive amounts of yen to purchase their own bonds (this keeps bond prices and yields at a certain target). Bad news for western capitalism
>“It all depends on what happens overnight,” said Apollo’s Slok. “It will become very critical. For the last seven years we have not seen Japanese interest rates move around with the market. Now if they decide and allow JGB yields to move with the market then nobody knows how much JGB yields could go up when we wake up Friday morning.” No.1556851
>>1556204Is this significant?
No.1556893
>>1556882Fitch isn't S&P though. My stonks look fine ATM.
No.1556900
>>1556897of course, long term, stonks are up YoY because the bond market is the worst in this countries history and thats where money has been flowing. credit downgrades will definitely be a factor in trying to time a recession.
No.1556910
>>1550093did anything come of this?
No.1562292
>>1556900imagine buying bonds, and seriously thinking that in 2023 governments are a better long term investment than corporations
(insert network speech)
No.1563507
>>1562216Ever since covid it really feels like everything is moving so quickly regarding geopolitics.
No.1563570
>>1562216Critical support for the anti-imperialist IMF
No.1563650
so wtf is happening i thought unemployment is low, how can jobless claims be up?
No.1564189
>>1563650To be classified as unemployed, you need to both be working zero and actively looking for work.
No.1568324
>>1544252The global economy has been on life support for since like 2008. The only (large)economies somewhat more stable are Germany from the West end and China from the East end. Of course if the EU ends then the country that will totally screwed is Germany because it essentially feeds off every other European country.
I look forward to the day that China-India-Africa are the dominant economies in the world with Latin America becoming the new Europe or West where everyone wants to migrate down south despite climate change.
No.1568891
>>1568883>And why is the whole gold thing such a boner for some people on the right?because they love the idea of the Alaskan gold rush even though it ended 200 years ago.
No.1568892
>>1568883I don't own any gold, apart from a few novelty specks panned from an old gold-rush site and however much is inside a smartphone. Nor silver.
>And why is the whole gold thing such a boner for some people on the right?- Has intrinsic value, as opposed to spooks like cash. Extremely low risk investment.
- Dense, so easy to store valuable amounts
- Won't expire or no longer be useful if kept for a long time
Also, historical and romantic reasons like
>>1568891 and others
No.1568896
>>1568892Gold is not really intrinsically valuable, successive western societies have treated it as so but that's not a universal thing.
As for being a good investment, it's probably not, stocks are much more reliable and easy to cash out. Gold prices have risen sharply in the last decades but that seems to be more to do with the general rise of conspiracy theories than inherent value.
No.1574349
Fellas, what are our thoughts on CBDCs? Specifically things like australia trying to go cashless and american walmart wanting biometric scans to automatically pay for products when walking in and out of the store. Obviously it's fascist and an attempt to control who has money and who doesnt, but will it really change the lives of poor people or will their lives remain relatively the same? My thoughts are that it'll effect the middle class the most.
No.1574382
>>1568896>Gold is not really intrinsically valuablewell it has some uses like in making certain chips/electronics.
No.1576018
>>1574382also the cost to produce it
>>1574349i guess it will mean all money is in banks, which would give a little extra fuel to the finance machine.
No.1576039
>>1574349There are two kinds of CBDC's, wholesale and retail. Wholesale is used by central banks as form of value reserves that are sanctions proof and instantaneous (multipolarista). Retail is what you describe, more for a consumer and business use replacing cash. On the bright side, nobody likes retail coins in places theyve been introduced, like nigeria, so cash will remain king for now.
No.1579114
>>1446721population crisis that's to come is the real inevitable outcome of capitalism, I really don't know how it will cope with that, since it has cope well with the rate of profit
No.1579116
>>1568896used to be true back in the 1400s, the case is no longer
>>1568973can you spoonfeed me as to why they've bought that much?
No.1580787
So whats your guys prediction for the us economy the next few years?
No.1580807
>>1579116capitalists love gold for different reasons we do. it's a low risk asset that can be liquidated instantly, it hedges inflation unlike regular currency and has a use value settling trade balances. don't get me wrong, gold isn't perfect, but if a perfect store of value existed we would all be using it
No.1580814
>>1580787more of the same tbh. stonks will continue to climb in lieu of the shittiest bond market in this countries history, furthering the crazy market overvaluation
No.1583651
a question, are those nft games garbage is even worth to make some money ?.
i hate this shit but i don't refuse easy cash.
No.1583656
>>1583651No, they're all pyramid schemes, the only way to make money is to be a dev or one of their friends who gets in early. Or be a third worlder grinding for a few dollars a day.
No.1584187
>>1580814What's wrong with bonds? Yields are at decade highs and of course stocks tend to inversely correlate with them, since one is considered a more defensive investment and the other the more bullish choice. It's a matter of where to park money.
No.1584216
>>1584187>It’s the Worst Bond Market Since 1842. That’s the Good Newshttps://www.wsj.com/articles/its-the-worst-bond-market-since-1842-thats-the-good-news-11651849380Bonds are tricky. Yes bond yields are up, but since bond prices and bond yields are inversely correlated, the sell price greatly lowered. We also have to consider what drives bond prices the most - interest rates. When rates get cranked up it lowers the value of existing bonds. The federal reserve keeps hinting rates will continue to climb and investors are forward thinkers. To top it off we have record inflation; If the yield on my bonds are 5%, and inflation is 8%, aren't I effectively losing value?
No.1587869
>When we subtract the new estimated income attributable to the Fed, and hold it at 2022 levels, this is what bank profits start to look like. Many banks are no longer profitable at all, and, when aggregated, big banks are making a measly 2% profit rate, largely propped up by JP Morgan Chase and Wells Fargo. Without the income from the Fed, Goldman Sachs, Citigroup and New York Mellon would be losing money hand over fist. >While the Fed has been forced to pause dividend payments to the Treasury, banks that would otherwise be unprofitable without direct income from the Fed have continued to make dividends and share buybacks, even increase them. In Q3 alone these banks, whose profitability has been assured by the Fed, sent $4.6 Billion back to shareholders>People should ask themselves, why does it have to be this way? Why do we have to abide by paying these people off in order to do basic functions of a central bank? If the only reason these banks continue to exist is income from the Fed, why shouldn’t they simply be expropriated?https://nicolasdvillarreal.substack.com/p/the-stealth-bank-bailout No.1587871
I'm as lefty as they come but if you own crypto or silver/gold you're a finacially illiterate retarad. enjoy not having retirement savings
No.1587875
>>1587871Actually true. Just put it into a fucking savings account. Cash is king. The recession will prove this
No.1587887
>>1587875>cashif you aren't in total market funds you're doing it wrong
No.1587933
>>1587901Any leftist saying that one should own real estate is either a glowie or a cryptofash. read Marx FFS
No.1587937
>>1587933If one wants a somewhat stable income they're right.
No.1587945
>>1587937do you have amnesia from 2008?
No.1587948
>>1587945I didn't say buy a house a person cannot afford.
No.1587954
Most financially literate auntie fuh
No.1587988
>>1587948>>15879452008 isnt relevant because local zoning laws artificially constrict the supply of housing and prevent overproduction. Housing prices will continue to increase
No.1588178
>>1587988Workers can't afford housing as it is meaning housing prices rests on capitalists hoarding empty housing.
No.1588217
>>1587988you're right but its worth noting that most americans are locked in their homes. A big chunk of homeowners got mortgages at rock bottom rates, often 2 or 3 percent. Now that rates have been cranked up, most aren't looking or can't afford to sell.
No.1592409
Scampusa's hero Ryan Cohen is being investigated by the SEC for fraud
No.1592516
Does anyone else ever wonder why the majority of "entrepeneurs" always immediately try to set up a company that exclusively follows the corporate for-profit business model, rather than a safer and less likely to fail cooperative business model or a corporate non-profit business model? What's the psychology of people who want to be as successful as mcdonalds or amazon but who will never ever have as much success, and who will likely only be small business owners if anything at all?
No.1592629
>>1592516well what do I get if I set up a cooperative? I will work my ass hard only at some point to have to resort to state subsidies to survive. Nah, I am not doing this. I d rather gamble it all.
No.1592645
>>1592629Actually it's corporate enterprises which require state subsidies to survive. Coops are more efficient and the employees even in the starting stages have more incentive to ensure it grows into a stable career whereas corporate enterprises only become more difficult to manage as the work force increases.
No.1592915
>>1592409>ScampusObsessed.
No.1592992
>>1592516thats not what they get taught in business school
No.1593636
>>1592645where I come from, "football team association" knock your door to sell you "security" when you build a business. Police runs drug and prostitution rings. And strawberry growers use shotguns on immigrants with no papers when they ask to be paid. Meanwhile loan after loan and subsidies are given to certain corporations. Finally my father had to essentially compete with thailand and idonesia. Good luck competing with all that. I prefered to just leave the place.
No.1593644
>>1593636Just how desirable ARE corporate subsidies for business startups compared to a cooperative business model which is more likely to survive on its own merit? It might sound like a meme but one of the most famous cooperative businesses in the USA is the Navy Federal Credit Union, which is… a credit union, which is a banking cooperative. Basically the membership all owns stock in it and profits when the credit union profits in the form of being paid directly to their bank account. Compared that to corporate style banks like the bank of america or USAA and of course it survives on its own but it has more stability compared to traditional banks because its membership gains concessions in the form of profit share. Imagine starting a bank and thinking you'll compete with the big corporate banks. There's no fucking way youre gonna manage to do it. However if you start a regional credit union (they exist all over the place) youre more likely to at least have client loyalty compared to a shitty corporate for-profit bank.
No.1594766
everyone is suddenly like "Everything is alright with the markets, the worst have passed"
What does this mean?
No.1596943
If france is losing and fully loses Africa, french economy is fucked. But I wonder what is going to happen to real estate in France. Any ideas?
No.1596982
>>1594766they always say that before raising rates
No.1605812
>>1605697>As fiscal agent of the United States, the New York Fed conducts Treasury buyback operations when directed to do so by Treasury. Since October 2014, Treasury has directed the Open Market Trading Desk of the New York Fed to conduct periodic small value Treasury securities buybacks for the purpose of ensuring operational readiness.its not huge news but more of an indication of a wider trend
No.1610993
With public debt levels rising, how come the government doesn't invest in useful things to alleviate it? There are a lot of reports that if the government invests more in infrastructure, education, etc. then it will get many times the expense. It doesn't even have to come at a cost to the MIC or other groups that lobbyists represent, so why doesn't the government just do it? Is it just ideology and politicians really are blind to this idea?
No.1610996
>>1596943Europe will go full fascist again, as they were always destined.
No.1611005
>>1610993why invest in something like bridges and roads if its not immediately impactful on my political career? some schmuck down the line will get all the benefits and credit while im stuck with the bill. for example, this is why chicagos parking meters were sold to abu dhabi for a lump sum which was way less than what they would've made from the meters long term
No.1611013
>>1605697Fractional reserve banking in general is a confidence scheme.
US federal bonds have always been considered the safest investment and this isn’t going to change for the foreseeable future, BRICS posturing notwithstanding.
No.1611017
>>1605697Guys. This is an amazing idea. Why are you all crying? This strategic move is for the assured recovery of our economy. These treasury buybacks benefit all americans, as you will get more jobs and a higher quality of living. This is only happening because of the State's excess fiscal surplus, aquired from efficient tax and spending policy. This is an investment into YOUR economy.
>>1594766They're absolutely right. There will be no recession. Bidenomics has saved us all. Now is the best time to buy. we're going into bull territory.
No.1611026
>>1611013have fun with your worthless treasury bills when they raise rates again xD
No.1612248
>>1611017Looks like a Ponzi scheme
No.1615196
>>1587948Ok then what you’re saying is useless lmao, most people don’t have hundreds of thousands liquidated on hand
No.1616667
>>1616666why would someone make a bank out of a free newspaper anyway. what a shite idea
No.1616698
>>1616666everyone expects a few cracks in the financial industry when the cost of borrowing is this expensive
No.1617972
https://twitter.com/GRDecter/status/1709923829173080360
>Good Morning Everyone! I can’t believe I am saying this but the slump in 10-year and 30-year bonds is approaching the epic drops we saw in stocks during the 2008 financial crisis and the dot-com bubble bust:📉 10-year bonds are down 46% (vs. 49% for dot-com stocks)
📉 30-year bonds are down 53% (vs. 57% for 2008 stocks)
>Bonds are facing their own crisis now. No.1617973
>>1617972how long is the recession going to tease us before it finally happens, this is getting absurd
No.1618724
Do stuff like this happen in Korea or China or Japan etc?
https://archive.ph/XtT7jDid neoliberalism really killed Europe?
No.1618778
>>1618724>Do stuff like this happen in Korea or China or Japan etc?usually, the subways get gassed by religious cults
No.1619084
>>1617973I was a young teenager when 2008 happened but in my own memory the recession was just "water cooler" conversation… until it wasn't. I remember I was in school and the teacher's pet was talking to him about the crash as it was happening.
No.1630634
Has the Holy Land conflict affected stocks in a noticeable way
No.1630671
>>1630634Defense industry stocks have been surging.
No.1631765
Thinking about how the economy was based on the principle of delivering endless objects on credit to people who've never intended on paying it. It's clear the endless expansion of credit is not an accident or contained crisis but the logical culmination of this economy.
No.1631916
>>1618724the bedbug shit is pure mass hysteria (bedbugs have been pesticide resistant for like a decade), it doesn't happen in asia (yet) because of a simple language barrier, but they probably will also be losing their shit about bedbugs soon
No.1631930
>>1450548 No most likely the CIA will black bag him like they did with JFK either before or after the election.
No.1631942
>>1451357 No China is still a socialist state as like 60% of is economy is owned by the state AND the "Independent" businesses within china are basically enslaved to the will of the CCP.
No.1632033
>>1466191I think it should also be noted that quite a lot of jobs are created by the government purely to prop up unemployment stastics and basically involve standing around all day doing fuck all or some extremely mundane task let pressing an elevator button so someone can use it.
No.1650043
>>1650036pretty cool GF, what stock was it?
No.1650097
>>1650094That sucks, sorry anon, at least you diversified… right?
No.1664487
>>1664099>Jewish banker is literally named BankmanThe writers have completely given up on subtlety, it seems.
No.1672093
>>1672089Vimm's Lair has literally just been sitting there for decades, untouched by copyright ghouls.
How ignorant do they have to be?
No.1672120
>>1672089>two year old videodale
No.1687481
If any of you fuckers are moving stock, might be worth seeing if you can short ZIM before a boycott protest.
No.1687597
>>1664099>bringing crypto under controlthese people have consolidated this new tech under the rich and will continue wrestling it until it is truly beyond their control
No.1687653
>>1675282ill eat quinoa instead
No.1687654
HOLY FUCKING SHIT SELL SELL SELL RIGHT NOW
No.1687656
>>1687654Pics or it didnt happen.
No.1696020
>>1695808inflate me mommy
No.1696023
>>1695808The Atlantic finds fresh unique ways to be awful every single day. I have to imagine its avid readers are extremely miserable people.
No.1696024
>>1675282>>1687653both will spike your blood sugar
No.1699275
>>1695808If inflation is a monetary phenomenon as Friedman days and I do not increase the money supply when buying any good nor service, how can I possibly cause inflation?
No.1699277
>>1699275Its the collective "you", y'know, the poor masses who depend on consumption
No.1699440
>>1699275unemployment is a lever the federal reserve to pull (coinciding with interest rates) that can achieve certain results. less people employed = more money circulating in the economy = inflation is tamed. in their mind, you're just a greedy anti-american because you asked for that raise a few years back
No.1699599
>>1699440>less people employed = more money circulating in the economyYou what now
No.1699648
>>1699445Most of the academic economics seems like narratives that porky tells everyone in order to promote raping the working class. For instance, that Phillips curve justifies trying to generate mass layoffs to slow inflation. However, inflation is mostly due to common sense human factors. Business owners realize they can jack up the price of subsistence goods without a government crackdown, parliamentary inquiry, or serious blowback. Competing business owners notice, and want to boost profits too. Now all business owners have price gouged subsistence level goods, and it’s called inflation. Workers express discontent, and now porky can say “well the increased prices are because of you demanding higher wages to buy subsistence level goods” and they propose a solution “we will generate mass layoffs to SLOW inflation”. It’s important to note that this occurs after prices have been jacked up to extremes, but before average wages have risen to match previous cost of living. The business owners who have monopolies on the subsistence goods like food, power, and rents have not actually paid their workers anymore. Those business owners have increased prices to increase profits. If there is a very serious inquiry they might temporarily increase a couple people’s wages, but immediately offset by layoffs. While food prices were skyrocketing the grocery corporations were reaping record high astronomical profits. Getting to my point, porky says they have a solution which is generating mass layoffs. They say the solution will hurt, but it’s for the good of the economy. They worry that if wages are increased then the new windfall profits regarding foods, power, and rents will be reduced, and they are intent on keeping the new astronomical record high profits institutionalized. If anything they will attempt to infinitely increase profits, and so the threat a spiral of wages increasing to afford subsistence goods, but porky playing chicken by increasing prices of subsistence level goods to maintain infinitely increasing profits. So to prevent the WORKERS *wink* *wink* *nudge* *nudge* from causing a inflationary spiral by asking for wages which can afford the profit gouged prices of subsistence level goods, porky generates mass layoffs on the basis that the ✌️phillips curve✌️projects will prevent further price increases. It is therefore used as a tool create economic insecurity across the board in order to force mass layoffs which are used to prevent workers from collective action that would prevent a decline in their material conditions. Basically, after mass layoffs there is now a labor surplus so when rehiring takes place porky has the upper hand in negotiations. Since everyone needs to eat, and it’s more difficult than ever to pay for food/rent/power without a job, the public is psychologically primed to be rehired at pre-price gouging wages and take the hit to their material conditions.
That is effectively the usage of economic sciences as far as porky is concerned. Capitalist economics is a tool for propaganda and class warfare. This is why you see all these economists make bullshit predictions every time which don’t pan out every time you look.
No.1700204
Bump. Market never crashed. Get fukt everyone, capitalism continues onwards
No.1700206
>>1699648If porky can just raise prices then why not raise them beyond what they are now? The market creates competition in pricing which stabilses at levels approximate to the real ratio of commodity volume; i.e. recorded in supply and demand.
Economics isnt just "made up"
No.1700218
>>1448560>Great Happeningelaborate
No.1700616
>>1700206They basicaly have been tho, atleast working in retail its super noticeable, these giant monopolies have pretty much all realized that if they all just slowly raise prices a bit at a time simultaneously we can't do shit
No.1700755
So 4th quarter implosion or what? Does this mid ass fuck market really about to go deep into 2025-26 how much more do we need…
No.1701247
https://www.poynter.org/commentary/2023/media-industry-cuts-top-20000-in-2023-report-finds/Media industry cuts top 20,000 in 2023, report finds>The news industry has seen 2,681 job cuts so far this year, according to a report by employment firm Challenger, Gray and Christmas released Thursday. That number includes broadcast, digital and print.>The news sector has lost more jobs this year through November than it did in all of 2022 or 2021. Media, of which news is considered a subset, has experienced 20,342 cuts, the highest year-to-date figure since 2020, Challenger reported.>Dozens of news outlets have executed layoffs this year, including The Washington Post, NPR, BuzzFeed News, Vox and The Texas Tribune. On Thursday alone, KCRW in Santa Monica, California, started offering buyouts, and Condé Nast announced layoffs at Wired, according to unions representing journalists in those newsrooms. No.1701346
>>1701247Bullshit storytellers on demand replaced by AI or lower ad revenues?
No.1701621
>>1701618i wonder why people arent buying things
No.1707522
wtf
No.1707540
>>1701618This is kind of an odd example to use. They largely cut people from Wizards of the Coast, which makes Dungeons and Dragons and Magic the Gathering. This includes senior-level employees (notably Mike Mearls, co-lead designer for D&D 5th edition). This is most likely because they feel like they have finished their next edition "One D&D" where they are planning to transition from a standard tabletop game model to a video game "live service" model where they expect people to play entirely through their proprietary virtual tabletop app. They essentially see the situation as these people having outlived their usefulness as they start rent seeking on the product line without actually developing new things.
They also reportedly focused on the art staff in particular, likely planning to replace them with AI.
No.1707650
Was there a habbening today? Don't really care because I'm just a dirty broken lumpen on disability, but I also care a little becuz family & all…
Also fuck a tomato!
t. eggplant gang
No.1708255
>>1707650Bourgeois economists were saying that the stock market went too high so porky sold and stocks dipped. Sp500 went down like 1.5 percent after gaining for a while. It recovered fully today though.
No.1716026
Based on inverted yield curves which have been the most accurate in predicting recessions, there's a 57% chance it has already begun. It will be around 70% by February. By july of next year there will be a virtually guaranteed 99% chance or so of a recession.
In the extremely unlikely chance a recession doesnt happen by then, then the model has failed and that means the economy is in an even weirder spot than ever before. This is unlikely though as you can see job losses have already begun, they just will ramp up soon.
So here's your early warning. Buckle up boys, prepare to lose your job, eat bugs and live in a box for 2024.
Save your money as much as you can, line up some backup jobs or gigs, get some trade skills, or work in some recession proof industry. I will pray to daddy marx for you anons.
Even Fed porkies know shit is about to get real, which is why they said theyre cutting rates aggressively next year to try and save the sinking ship, but in a few months or so, shit might be too late.
No.1716029
>>1716026>work in some recession proof industryWhat would that be :D D D:D
No.1716031
>>1716029Donno man alcohol and education do good, guessing oil will be in demand always. Though no clue bro, its most likely ogre.
No.1716032
>>1716029Maybe psychiatry or just medicine in general? Human misery and suffering are not in shortage at all.
No.1716035
>>1716032sell drugs or bullets, everyone gonna wanna kill or numb themselves soon
No.1716036
>>1716026The economy is perpetually stagnant like Japan's. This tea leaves reading doesn't do much
No.1716043
>>1716036its not voodoo its correctly predicted the last half century's recessions given a statistical margin of error. Its basically saying that within 9 months the economys luck has all but run out with a 97%+ chance of a recession.
No.1716057
>>1716029Healthcare, insurance, utilities, accountants, debt collectors
No.1716083
>>1716057>All of those recession proofRiiight.
No.1724077
anons i have a question, how do i learn how to do investiments in stocks correctly ?.
from what i see investiments are the easiest way to earn money and i don't want me or my family in misery, so how i learn do do it ?.
No.1724340
>>1724077Stocks are kind of fucked at the moment because everyone is expecting a crash by 2026, meaning that either this year or next year there's going to be enough volatility for you to lose whatever investment you make. My recommendation is just to learn about all the investment options, look at the curriculum for financial degrees, do a lot of reading to understand how things work.
The normie route would be to just go in with one of the big investment firms like Vanguard, Blackrock, etc who are more likely to get insider knowledge and are basically unsinkable. Let someone with a finance degree manage your money for you. That's what rich people do and they stay winning over us proles.
No.1724349
>>1724077like the other anon said, stonks are fucked at the moment. whatever you buy will be overvalued, which can be good and bad, depending on the timing of when you decide to sell. in my opinion there are much easier and safer ways to make money and escape poverty like reselling bulk chinese B2B products and reselling them or buying tools and machines to learn a trade on. your options are gonna be different if you live outside the U.S though
No.1724897
>>1724077>from what i see investiments are the easiest way to earn moneyOnly if you have enough to initially put in
tho No.1725828
>>1724077Just put everything into an index fund which tracks the whole market, there's not really any benefit to investing in individual stocks unless you really know what you're doing (even then you can get unlucky), yes you can end up making shitloads of money but you can also end up losing everything, an index fund will guarantee stable returns
No.1726114
Layoffs resume January. Google cut staff and their childcare center.
Ngl but its so grafifying seeing FAANG and techbro tears after they get laid off and cant find another cushy job.
No.1726696
>>1723155Did it have an upturn recently?
No.1730426
>>1726427Seeing all these white collar jobs being replaced by AI makes me feel better about going into plumbing.
No.1730571
>>1726427>Labor saving technology is THE source of our modern world's past two and a half centuries of prosperity.>prosperity>PROSPERITYLMAO, HAS THIS MOTHERFUCKER NOT SEEN DETROIT AND THE OVERALL HELLSTATE THAT IS MODERN AMERICA
MY FUCKING SIDES. MY FUCKING SIDES AHAHHAHAHAHHAHAHAA
No.1730607
>>1730571poverty in the FIRSTOID GARDEN doesn’t count I must SKULLFUCK ALL FIRSTOIDS TO DEATH
I will not rest until I alienate every post on the board and I am the last man on leftypol screaming SKULLFUCK WESTOID BABIES TO DEATH at which point I win
No.1730764
>>1726114I dont think anything is going to replace it either.
Actual vanishing of the well paid worker completely.
No.1731551
>>1731395Gardeners get all kinds of privileges, like being paid in us dollars.
No.1746595
>>1746593serves them right… they trusted an American!
No.1746596
>>1746593new 'stab in the back' mythos incoming
No.1746605
>>1726427I love how we hear claims such as this that technology somehow is making people "richer" and translate a growing economy as prosperity for all. None of this matters if we're not talking about wages. Literally econ101 on wages tells you everything you need to know, there are nominal wages and then real wages. Nominal wages have grown but real wages have absolutely tanked for decades.
No.1746608
>>1746593america destroyed japan, and is now cannibalizing germany.
lol
No.1747558
So, what's up with New York Community Bank ?
No.1747577
>>1747558just bad office building loans, same with Aozora
No.1747806
This is total vibes based bullshit, but I feel like the economy is about to have an epic meltdown any second now. Things are so far past untenable I'm not even sure how we are still functional as a civilization.
No.1747875
>>1747806Since 2008 the economy was running on basically free money as the fed pumped out more than a trillion dollars a year in loans, and that basically came to a halt with covid. Tech companies are already feeling it since they were never profitable to begin with, so now these big bloated mother fuckers like Uber and Airbnb and Netflix have to start making aggressive cuts, layoffs, and other serious changes to stave off the inevitable. At this point it's just a waiting game to see which fallen domino knocks over the house of cards into checkmate.
No.1747994
>>1747806people betting on nvidia have priced in the singularity coming next year
No.1748099
>>1747806debt and credit cards, I'm so serious, almost every retail chain has em'.
No.1748130
>>1747875You used like three or four expressions mushed together into one colloquialism chimera and it scares me.
No.1748132
You're right though. Probably, if what you said is what I think you said
No.1748139
>>1748130Sorry, I have a very sexy learning disorder.
No.1748178
is it happening?
No.1748436
>>1748178It's always happening
No.1748513
>>1746593What exactly are these manufacturing companies that are popping up?
No.1748722
>>1748513idk prolly chemicals. or batteries
No.1749054
>>1726427>>1730561he's not wrong THOUGH
take slavery for example. slaves are of low value and low productivity. slavers are hesitant to bring in machinery, because slave labour power is so cheap. proles within the imperial core have brought more products into being and are more heavily exploited both in absolute and relative terms than workers in the periphery, especially slaves. slavery is historically regressive and deeply unproductive
when reactionaries in the US' south call the Civil War the War of Northern Aggression they are not wrong. the South was making inefficient use of their slaves, which northern industrialists would much rather put to work in their factories. hence why they funded and sent abolitionists to the South
No.1749070
>>1749054>slavers are hesitant to bring in machinery, because slave labour power is so cheapSlaves also are notoriously destructive towards machinery. They break machines all the time
No.1749099
>>1749070that too. proles are less likely to rebel since they are "free"
No.1755270
More banks collapsing. Bancorp bank is taking a shit and being sued by investors for cooking their books.
No.1755322
Since last year we've had labour in oversupply and underdemand, and service or production industries hitting slow growth all across the west, especially with rising unemployment since 2021, and a looming oil crisis (oil markets facing risk increase oil prices), it seems we're going to have both inflation and recession or already are, this will lead to stagflation across the west if not the world, if the regional war in the Middle East explodes even wider, is my economic analysis correct?
Additionally I'll say that, stagflation which will create depression like conditions (Marxist economists at the Tricontinental Institute For Social Research, Tonak and Savran, argue we're already in a depression), is an opportunity for us communists yes? Like lenin conceptualizes crises, we're have an impossibility for the working classes to live and an impossibility of the capitalist classes to rule, we should thus see increased political action from the former and political reaction from the latter, an opportunity for us to act.
On the Ideological level, which Jodi Dean does great work on, we may see rising consciousness from people severely affected, it shows capitalisms weakest links, right?
Source which is infered and interpreted from is the Global Monthly: November-December 2023 by The World Bank.
No.1755445
>>1755322What communists? Who's going to seize this?
When you have market downturns like this, they're only beneficial if either:
1) We had built an org in advance that could capitalize on this (and living in Burgerstan, glowies will ratfuck that possibility into oblivion)
2) The state is sufficiently weakened by the following calamity that you could have a book club with more than 6 people without the gestapo infiltrating it
Other than that, no, if bad shits gonna happen, there probably isn't a meaningful silver lining.
No.1755452
>>1755445So we are just fucked economically (not to mention whatever could happen militarily) with no solution if the possible scenario of stagflation with the increasing likelihood of regional war is to happen, shit.
No.1757246
>>1757237>gommunistno, just FDR pilled
No.1758264
Germany facing ‘greatest real estate crisis’ in 15 years – bankDeutsche Pfandbriefbank, a German bank focused on commercial real estate, has become the latest lender in the country to report having put aside more provisions for its loan portfolio amid what it calls the worst decline in commercial property values since the global financial crisis.
The bank, known as PBB, reported this week having increased provisions in the fourth quarter, saying in a statement that it had set aside €215 million ($231.7 million) for bad loans due to “persistent weakness of the real estate markets.” It added, however, that despite this step, “PBB remains profitable thanks to its financial strength – even in the greatest real estate crisis since the financial crisis.”
The bank’s shares dropped more than 3% on Friday and are down 27% so far this year and 40% in the past six months. On Thursday, it sought to reassure investors that it had enough cash and highly liquid assets on its balance sheet to operate for six months without new funding from investors.
https://swentr.site/business/592167-germany-real-estate-crisis/Soaring debt pushing wealthy nations to ‘fiscal death’ – economistMajor economies that fail to address their mounting debt issues will die a “fiscal death,” the head of investment and wealth advisory Laffer Tengler Investments, Arthur Laffer, has warned.
In an interview with CNBC this week, he predicted a “decade of debt,” adding that the borrowing crisis has embraced both developed and emerging countries, and it is not going to “end well.”
Global debt has surged by $100 trillion from a decade ago and hit a record of $307.4 trillion last September, amid the biggest surge in global interest rates in 40 years, according to the economist.
https://swentr.site/business/592093-global-debt-fiscal-debt/German industry ‘moving abroad’ – BildOne in three German manufacturers is considering moving production to other countries amid economic troubles, double the number recorded in 2022, Bild news outlet reported on Saturday, citing Siegfried Russwurm, the head of the Federation of German Industries (BDI).
According to the report, among the latest firms planning to relocate is household appliance manufacturer Miele, which plans to cut 2,000 jobs in Germany and move 700 positions to its site in Poland. Heating manufacturer Viessmann had already moved 3,000 jobs to Poland.
Volkswagen said last year that it would build a new battery factory in the US, and BASF announced plans to invest €10 billion in a petrochemicals plant in China amid job cuts at its headquarters in Germany. French steel pipe manufacturer Vallourec shut down production in Germany in September last year, while tiremaker Michelin and its US rival Goodyear said they would also close their German plants by the end of 2025.
Russwurm says that a growing number of companies have reported that their “patience with Germany is at an end.” According to him, the slowdown in economic growth and high rates of inflation, especially with regard to energy, have resulted in less investment, and Berlin lacks a strategy to turn the situation around. This in turn leads to a gradual decline in manufacturing, he said, and while existing production lines may continue to operate for a while, “new ones are no longer being built in Germany.”
https://swentr.site/business/592225-german-industry-relocation-plans/ No.1758272
>>1758264Already left Greece for Europe. Where should I go now?
No.1764903
https://archive.is/qjB8h
>Lagging productivity growth in the EU could reverse the European Central Bank’s progress in bringing down inflation
>In this environment, monetary policy needs to remain restrictive.
>The difference in unit labour cost, a measure of productivity, between the EU and US has widened in the past year, as European wages have risen in a stagnant eurozone economy that has been battered by the fallout from Russia’s invasion of Ukraine two years ago.
>On the back of two inflation shocks, the eurozone is an economy where people are still being paid and paid more. What is happening is that a lot of people are working but GDP is low, so as a result the output per worker is falling,” said Claus Vistesen, chief eurozone economist at Pantheon Macroeconomics. “That is inflationary.”
>Many experts agree that regulatory restrictions are holding back productivity growth in the eurozone.
>The old-age dependency ratio in the EU, or the number of people aged above 65 relative to the working age population, will increase from 37 per cent in 2022 to 60 per cent in 2070.I liked a comment asking: "Where is all the promised AI productivity?"
No.1764931
>>1764903>Where is all the promised AI productivity?In China. But in USA and Europe trying to replace humans with AI while the consumer market remains the same or shrinks won't improve the economy one bit
No.1765941
Argentina Sees First Monthly Budget Surplus In 12 Years
https://www.barrons.com/news/argentina-sees-first-monthly-budget-surplus-in-12-years-a148e46aGommies on suicide watch!
How can ancaps be so effective?
No.1765951
>>1765941i guess………… libertarianism does work…….
marx sisters……….. it's over.
No.1765953
>>1765941wtf I'm ancap now. im going to go goon for a bit.
No.1765964
>>1765941It is fairly easy to do if you gut your social programs, but haven't poverty risen above 50%?
No.1766261
>>1765964Kek, it's completely unsustainable. He gutted everything from education, infrastructure, public transport, social programs, subsidies. It's like saying you lost weight because you cut off your own arm.
No.1766342
>>1758272Try the Island of Ligma.
No.1766591
The simple narrative taught in every history class
Is demonstrably false and pedagogically classist
Don't you know the world is built with blood?
And genocide and exploitation
The global network of capital essentially functions
To separate the worker from the means of production
No.1772033
>>1730607Gonzalo's best cadre
No.1775684
>>1452922He forgot to put his mask on, but what he said is pretty orthodox thinking for capitalists. High wages + low unemployment is porky's worst nightmare, even if he usually won't admit as much.
No.1776031
>>1775846Price gouging by another name
No.1776382
>>1776168I don't fear AI being so advanced it steals out jobs, I fear companies being so eager to use AI that they make shitty mistake-riddled AI steal our jobs. Software is gonna get DOGSHIT over the next couple decades.
No.1776413
>>1776168>or farminglmao
Take them to the fields, Comrade Huang
No.1776419
>>1776382If you thought spaghetti code was bad when humans were producing it, just wait.
No.1776421
>>1776419I know. I've seen AI code in action. It's something I can only call apocalyptic considering what it's going to be used for. I'm talking literal planes falling from the sky shit.
No.1776423
>>1776421shutting off life support in hospitals for a few hours at a time to optimize the electricity bill
No.1776424
>>1776419>>1776421I don't want to be a fearmonger, but this simply is something so sensitive that we NEED humans who have full context and pressure. Computers can't be held to account for their misactions. We are about to enter a capitalistic dark age here.
No.1776434
>>1776031Sincere question here.
Assuming markets, that one must assume in capitalism, this is a way to have a more efficient economy. So for example, pizza in my country is being ordered between 20:00 till 10:00. At this moment everyone is rushing to make pizza and send them. Before this time everyone is just there doing nothing.
If you have such a mechanism, theoretically, less people will buy during rush hour, workers will be less relaxed (and wont speed up and die with the motos, something that is happening a lot where I am from) and they will order pizza an hour later or before. So it will even things a bit.
Similarly, theoretically, electricity consumption should be more elevated when there is peak solar electricity that would otherwise be wasted instead.
I of course know this is theoritical. For electricity, big companies just collude and do whatever they want, and anyway the common consumer cannot choose when to buy it. Or workers simply have 0 hour contracts and they actually get income only
when they need them during rush hours.
But, what I want to ask, is why is it such a bad thing. Give me examples. I can see why sundays for example pizza should be more expensive. And how such matters are solved with planning?
>Price gouging is similar to profiteering but can be distinguished by being short-term and localized and by being restricted to essentials such as food, clothing, shelter, medicine, and equipment needed to preserve life and property.I agree with that, fully. Especially bad during disasters or other crises. But I mean, the idea seems to me to also have merit. Am I completely wrong?
No.1776435
>>1776424If the consequences are bad enough people will hold the CEOs accountable for doing this.
No.1776437
>>1776424>Computers can't be held to account for their misactionsNeither can humans practically. Those in power and fault are shielded from even the most tame of accounting for their missactions.
Thank of some serious tragedies that have happened in the last decade and think of what the consequences where for those who caused them.
No.1777539
>>1777090disgusting presenter
No.1777580
>>1777539:T that's rude, though he might benefit from just letting the beard grow out
No.1777786
>>1777539>guy is drawing attention to high level porky financial manipulation>doing it in a way that tiktok can understand>disgusting presenterk
No.1777814
>>1777539He is fine. Go watch some cryptobro
No.1778190
>>1777090so what does this mean for the average man or/and how can they make money off of this
No.1778195
>>1778190Sell everything. Not really, just the big 7.
No.1778200
>>1778195>just the big 7what's that
No.1778220
>>1778204oh, they know don't they
No.1778380
>>1777090bobobros, we are so back
No.1778403
>>1778198friendly reminder to minecraft any ceo or high profile bourg politician visiting your workspace, you may never get another opportunity
No.1778405
>>1778403alternatively give 'em the 'ol aaron bushnell
No.1778425
>>1777090This guy is a retard who misunderstands how index & pension funds (such as BlackRock) work and is a GMEtard.
No.1778434
>>1777090People tend to sell when stocks go up to record highs
No.1778435
>>1778190The average man cannot make money off this
No.1778616
>>1778425True but there's a truth behind what he says regarding the biggest companies controlling most of the other companies.
No.1779364
>>1778198Gamer genocide is real
No.1779642
>>1779339very mediocre if you ask me. How much is it down since 2 years ago while other stocks are pumping hard? So much lost opportunity…
No.1779963
>>1779642I actually called the bottom in 2022, shortly after the FTX collapse, at about 16k.
It just closed the highest monthly candle, at 60k. And the halvening is a month and a half away.
https://www.tradingview.com/chart/BTCUSD/bDBXJ0dd-down-a-little-or-up-a-lot/ No.1780038
>>1780002related:
https://www.austinmonitor.com/stories/2024/03/as-council-prepped-public-support-local-google-workers-learned-of-layoffs/
>The employees who worked for YouTube’s music content operations team and had signed up to speak on the resolution were still given their time, during which they began receiving text messages informing them the entire team was being laid off. The news caused some of those present to opt to leave City Hall and go to the company’s downtown office to attempt to retrieve their personal items. No.1781473
>>1780002Yeah china's going to win the Tech race lets be honest lol.
No.1781939
>>1781473Let’s be real. China has a censorship problem. Restricting knowledge is going to hold them back. That’s why all of their best minds have to go to college in the states, where they can study without fear of upsetting political forces.
No.1781943
>>1781939>censorship problem>refuses to elaborateDidn't you get your CIA money yesterday? Why are you still here?
No.1782390
>>1782340>a series of contextless photoswell shit im convinced
No.1782726
>>1782617So when a bridge collapses or a train derails or a condo implodes in the US, it’s a global scandal. When it happens in China, it’s Thursday.
No.1782729
>>1781939>Censorship restricts knowledgeLiberal take. Fuck off back to Reddit.
No.1782732
>>1782726That isn't Communist China. Those photos are of American China-towns.
>So when a bridge collapses or a train derails or a condo implodes in the US, it’s a global scandal. When it happens in China, it’s Thursday.Bet. Post data on American and Chinese infrastructure collapse
No.1782757
>>1781946You do realize that backyard furnaces were used to produce tableware and ploughs and stuff like that, not industrial grade-steel, right?
It's kind of hilarious that instead of assuming the intelligence of the opponent and work from there, Americans go straight to "they do backyard furnaces, they report huge industrial gains (because they also did build new factories at the same time), that must mean they use backyard furnaces to make industrial grade steel! Haha, stupid commies, you won't fool me, your statistics are a lie and fake because chinesium!"
No.1782775
>>1782757so for small scale cast iron stuff? interesting
No.1791184
>>1781939China is not going to risk having
"Yakovlev" situation, and a liberal intelligentsia who use the media freedom to promote counter revolution, cultural sabotage, and historical nihilism, like what happened in the Soviet Union with the policy of "glasnost".
No.1791256
>>1791184Where's that clip come from?
No.1792057
>>1791256https://www.youtube.com/watch?v=lJCX5S9O4yg&t=4332sHistorical Nihilism and the Fall of the USSR [ENG subs] [Chinese Documentary]
No.1792062
>>1781939>Restricting knowledgeKnowledge about what? Of myriads upon myriads of bullshit stories like Goebbels' version of Katyn? They are better off without knowing that Westoid historians think that Chinese had a famine that killed 100 millions of Chinese; it's both not true and a rather pointless knowldge
No.1792123
>>1782726are you seriously unironically favorably comparing the infrastructure of the US to China?
https://www.cfr.org/backgrounder/state-us-infrastructure<Experts say that U.S. infrastructure is both dangerously overstretched and lagging behind that of its economic competitors, particularly China. No.1792224
>>1791184>and a liberal intelligentsia who use the media freedom to promote counter revolution, cultural sabotage, and historical nihilism, like what happened in the Soviet Union with the policy of "glasnost"they already did that buddy. that is already the official CPC line since the communists lost the struggle before even the death of Mao
<100000 gorrilion deaths glhf even worse than hololololodomoar. this is what happens when you try and socialize the economy and construct socialism instead of doing capitalism stupid peasant ultras No.1792292
>>1792224
>they already did that buddy. that is already the official CPC line since the communists lost the struggle before even the death of MaoI mean if the communists lost the struggle before mao's death then why didn't we see a similer form of shock therapy happen in the PRC if that was the case then, and if they lost power now then why are we seeing the CPC conducting major purges wtihin the ranks of the party explicty against those who had been corrupted by the porkies?.
What i'm trying to say is that the actions of the CPC in recent years and in the past haven't really proven that the CPC has been taken over by revisionists and reactionaries unlike what some people may think.
No.1792297
You do realize the Chinese censorship regime isn’t even absolute, right? VPNing past the GFW is like marijuana in the West; it’s technically illegal but most members of the intelligentsia do it. The end effect keeps fake news and foreign subterfuge out of China.
No.1792375
Comrades should be aware that the American economy is about to go through some pain. We saw US unemployment hit 3.9% in March, which was a strong leap from 3.4-3.5%, and the Fed’s easing policy is waiting for CPI to reach 2%. But guess what? CPI just came out at 3.3-4.2-5.3%, which means they can’t ease any time soon, thank the Houthis.
This is implying we’ll hit recession within the next 12 months, and it looks like it’s decoupling-driven inflation.
Thank god for American attempts to decouple from China, which insulates (relatively speaking) the Chinese economy from the American one.
No.1792380
>Thank god
Thank Allah
No.1793186
>>1793152democrats constantly subsidize and bail out the insurance companies with the federal healthcare system. We should all vote GOP so they gut the insurance companies and cut it all down
No.1796949
>>1454958love boy boy their recent video going into pine gap was cool as well
No.1817326
>>1817224Everyone who lives here knows this though
No.1817339
>>1792297>sniffing Westoid "freedoms" is like marijuanaYou'll visit outside of GFW either to pirate shit or to google some stuff
No.1817376
>>1817224>read the graphs>it's all "divide this arbitrary number by that arbitrary number and pretend that it's the most correct way to measure an economy"Holy shit how Michael Roberts degenerated. If you want to analyze how a company is doing, you have to analyze what it's doing, not fucking with numbers to prove some *new* theory whose whole value comes from being *new* in opposition to already existing research.
Academia without mandatory shaming of intellectuals with dunce hats has no future
No.1817382
>>1817376I have a better idea
No.1818334
>>1817376I noticed he also disabled comments. Wonder if too many people called him out for swallowing NATO propaganda wrt Russia (he actually believed there's a 1:1 casualty ratio which is just lol)
No.1818340
>>1796920This just tells me the stock market is going to crash in the next several months.
No.1818377
>>1818255Yes, arbitrary. Just check the article.
>The leftist economist, James Tobin developed a measure of the relation between the market capitalisation’ of the companies in the stock market (in this case the top 500 companies in what is called the S&P-500 index) and divided that by the replacement value of tangible assets accumulated by those companies
>Another measure of the relation between stock market prices and profits has been developed by the heterodox economist Robert Shiller. He measures the ratio of market capitalization of over corporate earnings (after inflation) and averaged over ten years.
>Another measure of the stock market’s relation to reality is favoured by the legendary billionaire investor, Warren Buffett. Buffett monitors the market cap of the US stock market against real GDP, in other words, stock prices versus the real economy.
>Finance capitalists usually measure the value of a company by the share price divided by annual profits. If you add up all the shares issued by a company and multiply it by the share price, you get the ‘market capitalisation’ of the company — in other words what the market thinks the company is worthSorry, but all of this is arbitrary
No.1818379
>>1818377>describing p/e like it is some advanced conceptDidn't read the article but it sounds basic bitch. All the highest performing stocks also have high p/e. P/e is cool but it doesn't take into account equally importanr fundamentals like debt to equity. But if investing was so simpl to be decided by a couple numbers no human involvement would be neccesaey.
No.1818380
>>1818379To think Bout p/e it is like having a magic button on ebay or whatever market that supposedly says "this is undervalued/overvalued" but everyone has access to the same button, so why don't they value tgese undervalued assets and why do they pay for the over valued ones, well, because it is not that simple and one metric by itself is rather meaningless.
No.1818391
>>1818379To invest profitably you'll have to actually do a research on the operations of the company. That's why insider knowledge is so goddamn powerful. Bourgeois economics are a scam, and bourgeois economists must wear dunce hat in public places
No.1819284
https://finance.yahoo.com/news/ubs-faces-substantially-higher-capital-123956215.html>UBS shares fell as much as 3.9% and were briefly halted in Zurich trading.https://www.reuters.com/business/finance/ubs-brink-switzerlands-too-big-fail-reckoning-2024-04-08/There's no plan B. Risk of contagion is uncomfortably high.
UBS on the brink of Switzerland's 'too big to fail' reckoning
>Since UBS rescued its stricken rival Credit Suisse a year ago, it has been waiting to hear how authorities will protect Switzerland from the risk of the country's only remaining big bank also imploding.> The Swiss government is this month due to publish its recommendations for policing banks that are "too big to fail", which could saddle UBS with tougher business rules.> At around $1.7 trillion, UBS's balance sheet is double the size of annual Swiss economic output, giving the bank an exceptional weight for a major economy.> Should UBS unravel, there are no local rivals left to absorb it. And the cost of nationalisation could shatter public finances, experts say.> The Swiss lower house of parliament in May 2023 backed a motion calling for systemically relevant banks to have a leverage ratio of 15% of assets, far more than in the European Union, the United States and Britain.> The higher ratio would likely leave UBS needing to find well over $100 billion in additional equity, said Andreas Ita from consultancy Orbit36.> "This can't be done within a reasonable period by withholding profits, and raising such sums via capital markets is hardly realistic," Ita said.> "There is no plan B this time," he said. "The main policy will be hope – hope that UBS doesn't get into trouble. But hope is not a strategy." No.1819291
>Inflation up again
kek
Next hike incoming.
No.1819300
>>1819296The most rational economical system everyone.
No.1819552
>>1818340there would need to be an enormous improvement in other ways of storing value (like bonds) before the flow of cash into stocks slows down. biden 2024 is a guarantee at this point
No.1820036
>>1819552Feels like a rugpull is coming. I dunno.
No.1820047
>>1819552>biden 2024 is a guarantee at this pointUhhh by what logic?
No.1820052
>United States: The US economy is expected to decelerate from 2.5% in 2023 to 1.4% in 2024 due to falling household savings, high interest rates, and a softening labor market.
So everyone is saying this year will be worse than last year but the question is how much worse?
No.1820160
>>1819552Both sides have a 50/50 chance of winning imo. I don't think most people really care about either with voter turnout being at an all time low unless you're a hardcore trump humper or voot bloo.
No.1820186
>>1820160you really think the rupublicans and democrats are honest enough to leave it up to a coin flip? if you aren't cheating you're not even trying to win
No.1820188
>>1820186But then they both cheat at similar rates of efficacy, it becomes a coin flip again.
No.1820190
>>1820188exactly! democracy is fucking dead bros it's all the same shit now.
No.1820191
>>1820188lol sure, and what real world evidence leads you to believe this
No.1820195
>>1820191>lol sure, and what real world evidence leads you to believe thisuhh maybe the death of the empire with all the people and infrastructure inside everyone can see with their own eyes? You mean that kind of evidence?
No.1820202
>>1820195the obvious conclusion to a hollowed out empire is a level playing field for both parties? enough to where it's completely even? you can't be serious
No.1820203
>Inflation up again
>Yield curve starting to invert
>growth slowing
>base interest rate about to get hiked again
>private home builder stocks sliding despite ever increasing housing demand because they are being strangled by interest rates
>but lower interest rates would also just simply increase real estate prices further
>Demand for housing has never been higher yet fewer and fewer housing is being build
>Housing crisis so bad it's substantially biting into the labor market
>We might be about to see a recession right before the election
AMAZING, BRAVO BIDEN
No.1820204
>>1820202>the obvious conclusion to a hollowed out empire is a level playing field for both parties? enough to where it's completely even? you can't be seriousThat's usually what the death of an empire usually looks like
Read a history textbook.
No.1820209
>>1820204hardmode: post a wiki link to a bourgeoise election that was ever exactly 50/50
No.1820211
>>1820209Why do you even care so much I already said in an earlier post that democracy is dead so the fact that the playing field is "level" doesn't even matter. It's all a scam.
No.1820228
>>1820215>they want a wiki linklmao
No.1820232
>>1820219nah bro you have to post a link to wikipedia otherwise everything you say is irrelevant.
No.1820236
>>1820235>glowpediaiaintclickingthatshit.jpg
No.1828891
I have no clue what is going on but Japan's Nikkei just plunged over -1000 today. Equating into a -3% day.
This would be the equivalent of the Dow dropping -1000 in one day. Not sure what is going on in the Japan exchange. They are blaming inflation recovery but it is never that simple.
The entire Japanese market is in freefall except for a few things.
https://markets.businessinsider.com/news/stocks/japanese-market-sharply-lower-down-3-1033264166 No.1828894
>>1828891> led losses in Asia on Friday, falling 3.81% and closing at 19,527.12, its lowest level in over a month as most major markets in the region fell amid escalating tensions in the Middle East.>Asian equities declined as a person familiar with the matter told NBC News that Israel carried out a limited strike in Iran. Stocks and risk assets tumbled, while safe havens rose.> was down 2.66%, paring earlier losses and ending at 37,068.35, while the broad based Topix fell 1.91% to 2,626.32. On a weekly basis, the Nikkei shed 3.65%.
>Overnight on Wall Street, all three major indexes ended mixed, with the S&P 500 posting five straight days of losses, its longest losing streak since last October. The broad index lost 0.22%, while the Nasdaq Composite dropped 0.52%.
https://www.cnbc.com/2024/04/19/asia-markets.html No.1830197
NVDA -10
Yo.
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