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Pohl
Jan 28, 2005




In the future, please post shit with the sole purpose of antagonizing the person running this site. Thank you.

SKULL.GIF posted:

IF YOU'RE WORRIED ABOUT YOUR PERSONAL SURVIVAL SKILLS, THEN MAKE FRIENDS WITH OTHER PEOPLE. Humans survived for thousands of years on community support!

sir, have you considered that we live in a society?

shity snipe whatever, gently caress it
go number go

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Apraxin
Feb 22, 2006

General-Admiral

Xaris posted:

rich billionaires: please do NOT panic. do NOT time the market. everything will be fine later

*billionaires fleeing with bags of cash out the back door and makes one last proclamation to the room and slams the door* and remember buy the dip!
https://twitter.com/W7VOA/status/1233421095270834176

Often Abbreviated
Dec 19, 2017

1st Severia Tank Brigade
"Ghosts of Honcharivske"

Doccykins posted:

assuming a net worth of $64,200,000,000 and a S&P drop of 13.9% so far this week, just under nine billion dollars (it wont be that bad as im sure a capitalist captain of industry such as michael bloomberg wont have had all of his wealth in the S&P500 :yeshaha: )

rich people get richer during crashes and depressions, much like all other times

if anything he'll be up

Often Abbreviated
Dec 19, 2017

1st Severia Tank Brigade
"Ghosts of Honcharivske"

SKULL.GIF posted:

IF YOU'RE WORRIED ABOUT YOUR PERSONAL SURVIVAL SKILLS, THEN MAKE FRIENDS WITH OTHER PEOPLE. Humans survived for thousands of years on community support!

no

M_Gargantua
Oct 16, 2006

STOMP'N ON INTO THE POWERLINES

Exciting Lemon

Dog Toothbrush posted:

The best part about the last crash was how it affected nobody but those with lots of stocks!!! I remember how there were no jobs at all in my field in 2009, must have been because of all the stocks I had

thats not because of stocks you imbecile, you absolute moron

Pohl
Jan 28, 2005




In the future, please post shit with the sole purpose of antagonizing the person running this site. Thank you.

didn't Pence just appoint that fucker to the coronavirus leadership team?

Xaris
Jul 25, 2006

Lucky there's a family guy
Lucky there's a man who positively can do
All the things that make us
Laugh and cry

Drunkboxer posted:

dont do this. just eat dandelions

im gunna become the into the wilds guy and poo poo myself to death in a bus after eating a toxic nightshade

MorrisBae
Jan 18, 2020

by Athanatos
Bernie's first day in office - "weed is now legal, everyone try some and chill the gently caress out"

Grevling
Dec 18, 2016

Page 1917

:ussr:

punk rebel ecks
Dec 11, 2010

A shitty post? This calls for a dance of deduction.
Is this drop really due to the virus or is it just damage control? The coronavirus is hardly the first major disease to come about in the 21st century.

Doccykins
Feb 21, 2006

Often Abbreviated posted:

rich people get richer during crashes and depressions, much like all other times

if anything he'll be up

sadly you're almost certainly right :(

Pohl
Jan 28, 2005




In the future, please post shit with the sole purpose of antagonizing the person running this site. Thank you.

punk rebel ecks posted:

Is this drop really due to the virus or is it just damage control? The coronavirus is hardly the first major disease to come about in the 21st century.

a little of both but mostly damage control

wilderthanmild
Jun 21, 2010

Posting shit




Grimey Drawer

punk rebel ecks posted:

Is this drop really due to the virus or is it just damage control? The coronavirus is hardly the first major disease to come about in the 21st century.

The virus is the black swan event that tiggered this, but we've been on a knifes edge for at least 2 years possibly way longer depending on who you ask.

mila kunis
Jun 10, 2011
posting on page 1917

CRUSTY MINGE
Mar 30, 2011

Peggy Hill
Foot Connoisseur

punk rebel ecks posted:

Is this drop really due to the virus or is it just damage control? The coronavirus is hardly the first major disease to come about in the 21st century.

It's greed. Billionaires are taking every penny any moron puts in right now.

a few DRUNK BONERS
Mar 25, 2016

punk rebel ecks posted:

Is this drop really due to the virus or is it just damage control? The coronavirus is hardly the first major disease to come about in the 21st century.

yes the drop is solely due to the scary virus, nothing that happened in the last 10 years could possibly have caused this

err
Apr 11, 2005

I carry my own weight no matter how heavy this shit gets...
Plunge protection team activated

dex_sda
Oct 11, 2012


Grevling posted:

Page 1917

:ussr:

PIZZA.BAT
Nov 12, 2016


:cheers:


punk rebel ecks posted:

Is this drop really due to the virus or is it just damage control? The coronavirus is hardly the first major disease to come about in the 21st century.

the market was already red-hot and everyone was on a hair trigger to cash out before everyone else. covid-19 was that trigger

AceOfFlames
Oct 9, 2012

SKULL.GIF posted:

IF YOU'RE WORRIED ABOUT YOUR PERSONAL SURVIVAL SKILLS, THEN MAKE FRIENDS WITH OTHER PEOPLE. Humans survived for thousands of years on community support!

Real talk: do you think your friends will stick by you if the chips go down? I don't know about you, but everyone around me seems eager to stop talking to you if you decline an invitation twice. That no matter what useful information you give them, they will always invite others because of their "vibe" or because they know the good restaurants or whatever. People only care about you if you are useful to them. The minute they see you are more trouble than you're worth, they turn on you. Interesting conversation is what I have to offer and apparently that's not enough.

amaru_chulla
Sep 3, 2019

by Nyc_Tattoo

AceOfFlames posted:

loving NO! This is what I fear! I don't want to become an extremist! I don't want to fight for or "believe" in anything. I want a peaceful life sitting at a desk knowing what to do and making enough to be comfortable. I don't want to change the world, I don't want to expert my will over another, I don't want to join anything that will make people hate me. Call me a coward all you want. I will not join a tribe and if I just be a martyr for the tribeless then so be it!

nice meltdown

Sheng-Ji Yang
Mar 5, 2014



Bush Boom Continues
By LARRY KUDLOW
December 7, 2007 10:24 PM

There is no recession. Despite all the doom and gloom from the economic pessimistas, the resilient U.S economy continues moving ahead “‘quarter after quarter, year after year'” defying dire forecasts and delivering positive growth. In fact, we are about to enter the seventh consecutive year of the Bush boom.

The pessimistas are a persistent bunch. In 2006, they were certain a recession was just around the corner. They were wrong. Instead, the economy posted two consecutive quarters of near or above four-percent growth.

Earlier today, a doom and gloom economic forecast from Macro Economic Advisors was released predicting zero percent growth in the fourth quarter. This report is off by at least two percentage points. These guys are going to wind up with egg on their faces.

Here are the facts: Americans are working. The 4.7 percent unemployment number remains at an historical low. On a three-month rolling basis, the U.S. economy has added over 100,000 jobs. Meanwhile, the household job count shows that an average of 303,000 jobs have been added in the last three months. This is noteworthy because it suggests that the job market is turning around.

Hours worked are growing more than 1-percent annually, while workers’ wages are running 3.8 percent, a full percentage point ahead of inflation. As for this week’s productivity report, it was nothing short of spectacular: the 6.3 percent productivity gain was the best in four years. A rise in productivity is good for growth. It’s good for profits. And it’s good for low inflation.

Speaking of inflation, business inflation is down from 3.5 percent just over a year ago to 1.5 percent today. Meanwhile, oil prices have retreated to $88. And, to top it all off, last night we received a tremendous new number showing household net wealth has headed even higher. It stands at a record $59 trillion dollars. That’s more than seven percent above a year ago.

Another factoid worth considering is that mortgage refinancings are soaring at lower rates. Since June, they are up nearly 70 percent, while mortgage rates on 15 and 30-year loans are down nearly a 100 basis points. That is a very positive, very welcome development that ought to cushion the plunge in home sales, and maybe even prices.

Down in Washington, Democrats are stuck with a Keynesian message of economic pessimism, spending increases, and tax hikes to finance their big government proposals. Unfortunately, they still refuse to acknowledge that tax rates have a profound effect on behavior. This kind of tax and spend, big government, Walter Mondale approach may come back to haunt them at the polls next year.

The GOP, on the other hand, has a positive supply-side message of limited government, lower spending, and lower tax rates. And while it’s true that the recent Republican-led Congress failed to adhere to its fiscal lodestars, the statute of limitations is quickly running out on that score.

Incidentally, Democrats have not offered a single spending cut proposal during their time at the helm. Not one. That’s just one reason why “‘not to mention what I expect to be continuing growth in 2008′” I believe the economic pendulum will soon swing in favor of the GOP.

There’s no recession coming. The pessimistas were wrong. It’s not going to happen. At a bare minimum, we are looking at Goldilocks 2.0. (And that’s a minimum). Goldilocks is alive and well. The Bush boom is alive and well. It’s finishing up its sixth consecutive year with more to come. Yes, it’s still the greatest story never told.

wilderthanmild
Jun 21, 2010

Posting shit




Grimey Drawer

err posted:

Plunge protection team activated

Trump while pounding his desk: "PPT PPT PPT"

Serf
May 5, 2011


AceOfFlames posted:

Real talk: do you think your friends will stick by you if the chips go down? I don't know about you, but everyone around me seems eager to stop talking to you if you decline an invitation twice. That no matter what useful information you give them, they will always invite others because of their "vibe" or because they know the good restaurants or whatever. People only care about you if you are useful to them. The minute they see you are more trouble than you're worth, they turn on you. Interesting conversation is what I have to offer and apparently that's not enough.

you appear to be living amidst sociopaths. i would suggest severing

Dog Toothbrush
Oct 21, 2019

by Reene
Lol at the friendhavers, must be nice to have the time and work stability to make them

Limerick
Oct 23, 2009

:parrot:

dex_sda posted:

I'm sorry about your situation, but it's much worse than AOF's is and that's why your tension is understandable and his is a broken brain.

lmao if that's true because I'm over here facing probable homelessness (potentially long-term homelessness) unless my girlfriend keeps her job and I'm still going :unsmigghh: BRING IT ON, GIVE BERNIE AN FDR-SCALE MANDATE, BURN THIS poo poo DOWN AND BUILD ANEW IN THE ASHES :unsmigghh:

in other words stop being a coward Ace of Flames

forkboy84
Jun 13, 2012

Corgis love bread. And Puro


AceOfFlames posted:

loving NO! This is what I fear! I don't want to become an extremist! I don't want to fight for or "believe" in anything. I want a peaceful life sitting at a desk knowing what to do and making enough to be comfortable. I don't want to change the world, I don't want to expert my will over another, I don't want to join anything that will make people hate me. Call me a coward all you want. I will not join a tribe and if I just be a martyr for the tribeless then so be it!


But then how will I retire? Or buy a house? Also it's not that much. I had to use a huge chunk to help a sick relative.

Oh my god shut the gently caress up Lib. People will hate you for not taking a side & rightfully so. The choice is socialism or barbarism, the status quo is barbarism. Not picking a side is picking a side while being too loving chicken to admit to yourself.

Anyway, just wanted to post on the revolution page number.

forkboy84 fucked around with this message at 17:22 on Feb 28, 2020

super nailgun
Jan 1, 2014


Grevling posted:

Page 1917

:ussr:

amaru_chulla
Sep 3, 2019

by Nyc_Tattoo

Limerick posted:

I don't know about AOF but I don't have savings for poo poo, and I work tech support for a small failcompany made by a rich failson entirely supplied by Chinese manufacturers, for a luxury good. My dad doesn't own land / a house but if he keeps his job he might be able to help me. If I have to move in with my mom and stepdad again I'd rather die (home would become another job and I would not be permitted to transition). I have no employable skills apart from lots of customer service experience.

I'm pretty hosed.

Good news: I have software engineer friends.

Bad news: They might lose their jobs too. :(

Learn agriculture, animal husbandry, and infantry tactics

Sheng-Ji Yang
Mar 5, 2014


Often Abbreviated posted:

rich people get richer during crashes and depressions, much like all other times

if anything he'll be up

this isnt really true though, the 2008 crash was one of the quickest reductions in inequality ever. they make their money in the long period of growth in the recovery

Fellatio del Toro
Mar 21, 2009

we will have free healthcare, food, and housing in the post corona America, it's called Owning A Gun

Raskolnikov38
Mar 3, 2007

We were somewhere around Manila when the drugs began to take hold

you suck rear end

M_Gargantua
Oct 16, 2006

STOMP'N ON INTO THE POWERLINES

Exciting Lemon

AceOfFlames posted:

Real talk: do you think your friends will stick by you if the chips go down? I don't know about you, but everyone around me seems eager to stop talking to you if you decline an invitation twice. That no matter what useful information you give them, they will always invite others because of their "vibe" or because they know the good restaurants or whatever. People only care about you if you are useful to them. The minute they see you are more trouble than you're worth, they turn on you. Interesting conversation is what I have to offer and apparently that's not enough.

have you considered acquainting yourself with people who arent sociopaths? you make it sound like youve never had an actual friend and that would explain alot

SKULL.GIF
Jan 20, 2017


AceOfFlames posted:

Real talk: do you think your friends will stick by you if the chips go down? I don't know about you, but everyone around me seems eager to stop talking to you if you decline an invitation twice. That no matter what useful information you give them, they will always invite others because of their "vibe" or because they know the good restaurants or whatever. People only care about you if you are useful to them. The minute they see you are more trouble than you're worth, they turn on you. Interesting conversation is what I have to offer and apparently that's not enough.

Stop interacting with yuppies and make some real friends

Dog Toothbrush posted:

Lol at the friendhavers, must be nice to have the time and work stability to make them

I made friends even while working poo poo retail jobs, you can do it too

Limerick
Oct 23, 2009

:parrot:

Grevling posted:

Page 1917

:ussr:

Xaris
Jul 25, 2006

Lucky there's a family guy
Lucky there's a man who positively can do
All the things that make us
Laugh and cry

punk rebel ecks posted:

Is this drop really due to the virus or is it just damage control? The coronavirus is hardly the first major disease to come about in the 21st century.

Not at all. I mean it was probably a reasonable catalyst, but the market has been packed to the brim of ammonium nitrate, 10lbs in a 5lb bag, and doused in gasoline with a helping dose of thermite for toppings for 5+ years. covid-19 was merely an incidental smoldering cigarette butt that happened to fly close it.

the lesson that rich and politicians want to say is "oh it's just the virus, that's the problem, do not pay attention to the obscenely wealthy white men behind the curtain"; however, donald j loving trump dealsman hosed that up by pretending virus is nothingburger, just a flu bro, nothing to see. so lmao

quote:

Most likely the popular narrative will be to blame the coronavirus as the unforeseen event, nobody could have seen this coming, this was not something anyone could have prepared for.

While that’s true on the surface it completely misses the larger point: The Fed, with it liquidity operations masked all the underlying issues in the markets over the past year. We had no earnings growth in 2019, we had multiple expansion. The bond market never confirmed the reflation trade, Gold had been rallying for months signaling something was amiss. And now the Fed left itself vulnerable to not being able to deal with a real crisis and basically openly invited people to TINA chase stocks into high valuations.

The Fed gave no warning to investors, instead it cheerlead investors off the cliff. Even last week Fed officials defended valuations and saw nothing wrong with anything adding to the atmosphere of complacency.

And now everyone will blame the virus, but not the reckless chase into stocks into historic valuations to begin with.

Which is unfortunate, because that’s the real lesson, a lesson that was already learned the hard way in 2000, but many participants are now at risk of learning again:

Cletus Van Damme
May 7, 2008

Wanna buy some cheap starships?

AceOfFlames posted:

loving NO! This is what I fear! I don't want to become an extremist! I don't want to fight for or "believe" in anything. I want a peaceful life sitting at a desk knowing what to do and making enough to be comfortable. I don't want to change the world, I don't want to expert my will over another, I don't want to join anything that will make people hate me. Call me a coward all you want. I will not join a tribe and if I just be a martyr for the tribeless then so be it!


But then how will I retire? Or buy a house? Also it's not that much. I had to use a huge chunk to help a sick relative.

Maybe your second comment should give you some insight into which side you should be on.

Xaris
Jul 25, 2006

Lucky there's a family guy
Lucky there's a man who positively can do
All the things that make us
Laugh and cry
stop interacting with AOF, this is his "thing"

Source4Leko
Jul 25, 2007


Dinosaur Gum
Posting on the most appropriate page for today :ussr:

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twoday
May 4, 2005



C-SPAM Times best-selling author
https://twitter.com/IGSquawk/status/1233426031534624768?s=20

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