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KaptainKrunk posted:the rich always have leftover capital to double down during a bust, not to mention more desperate workers that will work for anything and depress wages for long enough to recover It's more than that. A bust is great for the rich, because they get to buy everything when it's cheap. When the market goes back up their stuff is also back to being worth a lot again.
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Feb 5, 2018 03:31
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Nanomashoes posted:Tesla more like Car Citizen.
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Feb 5, 2018 03:32
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So obviously with a weekend behind them, the rich gamblers will have a narrative for how it is all okay. Next correction towards reality in 2 weeks sound a bit right?
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Feb 5, 2018 04:16
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Nanomashoes posted:Tesla more like Car Citizen. 
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Feb 5, 2018 04:17
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You guys joke (lol goldmine) but Teslas actually exist. The Elio on the other hand... I gave someone money for that vaporware. 
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Feb 5, 2018 05:30
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Nevvy Z posted:You guys joke (lol goldmine) but Teslas actually exist. go fund yourself
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Feb 5, 2018 05:59
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Nanomashoes posted:Tesla more like Car Citizen. ahaha
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Feb 5, 2018 06:41
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Nanomashoes posted:Tesla more like Car Citizen.
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Feb 5, 2018 06:55
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Another product that also exists from the mind of Elon Musk: The world's lamest flame thrower. Preorder it now for only $500. https://www.youtube.com/watch?v=gqjvtcnI09A
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Feb 5, 2018 07:33
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where do i order the oversized cigar to go with my oversized butane lighter
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Feb 5, 2018 07:33
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So is Bitcoin still crashing?
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Feb 5, 2018 08:00
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Inescapable Duck posted:So is Bitcoin still crashing? not just bitcoin - contradicting the wagging tongues promoting of etherium and etc, like the penny stocks of yesteryear a falling tide grounds all boats
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Feb 5, 2018 08:02
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Inescapable Duck posted:So is Bitcoin still crashing? 
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Feb 5, 2018 08:06
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Kung Food posted:Another product that also exists from the mind of Elon Musk: The world's lamest flame thrower. Preorder it now for only $500. this isn’t even a flamethrower it’s just a torch
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Feb 5, 2018 08:07
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pfizerman posted:not just bitcoin - contradicting the wagging tongues promoting of etherium and etc, like the penny stocks of yesteryear a falling tide grounds all boats love too diversify risk by investing in other coins that have a r^2 of 0.96 with btc.
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Feb 5, 2018 08:08
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Notorious R.I.M. posted:love too diversify risk by investing in other coins that have a r^2 of 0.96 with btc. And are also even more transparent scams in most cases, sometimes proudly so in the case of ponzicoin
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Feb 5, 2018 08:29
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Nikkei fell 2.5%
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Feb 5, 2018 09:03
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Sheng-Ji Yang posted:Nikkei fell 2.5% lmao and we have to pass another continuing resolution or face govt shutdown this week love it.
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Feb 5, 2018 09:03
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really looking forward to seeing how chuck schumer fucks up that one too
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Feb 5, 2018 09:27
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Thank Christ I finished my Kenshiro costume a month ago.
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Feb 5, 2018 12:07
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New York Stock Exchange is opening in 20 minutes. This is fine.
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Feb 5, 2018 14:43
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Rex-Goliath posted:this isn’t even a flamethrower it’s just a torch One of my favorite lab safety stories a professor told was when we were working with ether. He said "an ether fire is the second worst lab accident I've ever seen, the poor student almost died." Every year, the students asked "what was the worst accident you've ever seen" and he always had this great story about how he was working at the army research lab as a postdoc and somebody hosed up the flamethrower and the guy testing it and a couple people around him died in sticky fire. I don't know why any idiot would buy a flamethrower from any company, much less something made with Elon Musk's name slapped on it. Even this baby poo poo is enough to gently caress you up royally.
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Feb 5, 2018 14:52
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Digiwizzard posted:New York Stock Exchange is opening in 20 minutes. Open the blood gates.
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Feb 5, 2018 14:57
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jonestown but its in the NYSE
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Feb 5, 2018 14:58
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https://www.youtube.com/watch?v=bHzov33tgfg
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Feb 5, 2018 15:02
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where can we watch the carnage
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Feb 5, 2018 15:03
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Triangle Shirt Factotum posted:One of my favorite lab safety stories a professor told was when we were working with ether. He said "an ether fire is the second worst lab accident I've ever seen, the poor student almost died." Every year, the students asked "what was the worst accident you've ever seen" and he always had this great story about how he was working at the army research lab as a postdoc and somebody hosed up the flamethrower and the guy testing it and a couple people around him died in sticky fire. the best thing about ether fires is that if you leave the bottle uncapped, the fumes can catch fire, flash back to the bottle, and then blow up the entire bottle. my safety tip: do not store cultures of the black death and your injectable insulin supply in the same refrigerator.
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Feb 5, 2018 15:05
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I'm pretty sure this was linked earlier in this thread, but hey: https://www.youtube.com/watch?v=1JITC1fo2HA
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Feb 5, 2018 15:14
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Just watched bitcoin crater hard. 60 whole coins sold at once- that's a lot of tulip bulbs https://www.gdax.com/trade/BTC-USD edit: and another one for 32!
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Feb 5, 2018 15:19
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gradenko_2000 posted:where can we watch the carnage
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Feb 5, 2018 15:31
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the fact that the stock markets are in trouble because of possible wage growth shows you just how ideological wall street as an institution is, it's nuts.
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Feb 5, 2018 15:36
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i've got billions of dollars, and no where to put it!
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Feb 5, 2018 15:39
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rudatron posted:the fact that the stock markets are in trouble because of possible wage growth shows you just how ideological wall street as an institution is, it's nuts. It's not the economy and should only be barely tolerated
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Feb 5, 2018 15:39
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rudatron posted:the fact that the stock markets are in trouble because of possible wage growth shows you just how ideological wall street as an institution is, it's nuts. It’s not ideology, that’s the crazy part. The stock market is high because the wealthy have gamed the system to the point where they literally have more money than they know what to do with. Since they have no other options they’ve just been sticking it in the stock market. Now that interest rates and wages might be going up it means that some of that money will be going away, which is forcing people to sell off some of their stockpiles. That’s right, our economy is so broken that the stock market is now negatively correlated with the economic health of the non-rich. Which means that this may not be the start of the next recession but the recovery beginning in earnest (or it could just be another meltdown. Who can say for sure these days). readingatwork fucked around with this message at 16:02 on Feb 5, 2018 |
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Feb 5, 2018 15:53
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I've said before that 'the economy' as economists and financiers define it no longer meaningfully includes much of the population. The crash and the recovery are, in a way, the same thing.
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Feb 5, 2018 15:59
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now that we've done away with all pretenses and safeguards and turned the function of the US economy into an endless class war it is impossible for the owners and the workers to be doing well at the same time the stock market crashing as wages rise should make this clear to people. it should, but it probably won't
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Feb 5, 2018 16:06
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rudatron posted:the fact that the stock markets are in trouble because of possible wage growth shows you just how ideological wall street as an institution is, it's nuts. ehh that’s just reporters reading the tea leaves. we also had trump appointing a new fed chairman, and some smart bankers probably did the math on the tax revenue and realized poo poo was hosed before most others did
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Feb 5, 2018 16:09
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Wage growth is so pathetic and marginal that it's completely irrelevant. What's actually happening is the bond market sell off is about to cause a debt meltdown.
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Feb 5, 2018 16:12
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Digiwizzard posted:Wage growth is so pathetic and marginal that it's completely irrelevant. What's actually happening is the bond market sell off is about to cause a debt meltdown. whats actually happening is that plus like six other things we've been avoiding dealing with for a decade looking ready to kick off and maybe the US will start a war during the olympics too
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Feb 5, 2018 16:32
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Willie Tomg posted:whats actually happening is that plus like six other things we've been avoiding dealing with for a decade looking ready to kick off and maybe the US will start a war during the olympics too Hey, it worked for Russia! 
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Feb 5, 2018 16:36
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