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goons itt literally basing their knowledge of finance on a terry pracht book with werewolves and fairies
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Feb 8, 2018 23:51
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Pick posted:oh my god! leave it to goons to not know how money or jobs work 
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Feb 8, 2018 23:52
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Pick posted:oh my god! leave it to goons to not know how money or jobs work Sounds like someone needs to Pick up a copy of Capital. 
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Feb 8, 2018 23:52
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Pick posted:oh my god! leave it to goons to not know how money or jobs work Pick posted:Except there are literally examples all over the place of people who are free to do essentially anything they want, and a lot of them really do just mooch. It isn’t even a new phenomenon, there are a lot of families who still take care of a kid now adult who never got a job, never got an education, and never did anything with themselves. They didn’t transform that energy into artwork, or literature, or even cleaning the house. A lot of people, if they’re not forced to do anything, really don’t do anything. lolling all over again at this
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Feb 8, 2018 23:53
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tiny brain:Epic High Five posted:join a credit union CodeJanitor posted:Racism: Most bankers are rich white racists that vote republican. Less bankers = less votes for republicans = better chance at PoC being elected to office to improve the country. Notorious R.I.M. posted:If I had to sort the guillotine line I would put energy industry execs in front of the bankers tbh. Dreddout posted:We can kill both the bankers and the investors. Goon Danton posted:There would be much less confusion if we just said "the capitalist class." -- bonus this-is-your-brain-on-xi-jinping-thought: Tiberius Christ posted:Also china owns more american bonds then they did in 2008 even though theyve been wanting to get rid of them. Last time Putin almost convinced them to team up and cash them in to crash the american economy but were China's main importer. However China has been building the One Belt One Road to sell all the poo poo they make to their own people and the growing asian middle class so lets see if they make that deal now. BrutalistMcDonalds fucked around with this message at 23:57 on Feb 8, 2018 |
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Feb 8, 2018 23:54
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Epic High Five posted:join a credit union I have 2 credit unions. One gives me 2.25% interest on up to $20k in my checking account and the other gives me 1.5% on up to $40k. Pretty decent stuff.
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Feb 8, 2018 23:55
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H.P. Hovercraft posted:lolling all over again at this Pick does write a good description of wealthy people though
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Feb 8, 2018 23:55
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buy the dip, pick. fundamentals r strong
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Feb 8, 2018 23:56
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Rated PG-34 posted:buy the dip, pick. fundamentals r strong
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Feb 8, 2018 23:56
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Tiberius Christ posted:Also china owns more american bonds then they did in 2008 even though theyve been wanting to get rid of them. Last time Putin almost convinced them to team up and cash them in to crash the american economy but were China's main importer. However China has been building the One Belt One Road to sell all the poo poo they make to their own people and the growing asian middle class so lets see if they make that deal now. bonds are bonds, if you sell them at a loss the worst you'll do is reduce demand for new ones and force an interest rate hike or printing money, but even most orthodox economists have been screaming "you fools you're turning down people willing to lend you money at a loss, take it and build infrastructure with it" that's how economically hosed we are, even the non-celebrity capitalists think the entire system is too in hock to existing capital
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Feb 8, 2018 23:56
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Ruzihm posted:Pick does write a good description of wealthy people though the failchild is a particular indulgence of the wealthy after all
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Feb 8, 2018 23:57
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Rated PG-34 posted:buy the dip, pick. fundamentals r strong
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Feb 8, 2018 23:57
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Rated PG-34 posted:buy the dip, pick. fundamentals r strong
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Feb 8, 2018 23:58
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Rated PG-34 posted:buy the dip, pick. fundamentals r strong I literally cashed out a bunch like 3mos ago for this. but not quite yet.
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Feb 9, 2018 00:00
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Pick posted:I literally cashed out a bunch like 3mos ago for this. but not quite yet. wow you cashed out 3 months ago and now we're right back at the level it was 3 months ago before the tax bill
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Feb 9, 2018 00:02
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I hate my life and wish I were dead
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Feb 9, 2018 00:03
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Michael Bayleaf posted:I hate my life and wish I were dead Cheer up you may be dead and this is what the afterlife is
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Feb 9, 2018 00:04
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Pick posted:goons itt literally basing their knowledge of finance on a terry pracht book with werewolves and fairies and somehow being more correct than actual right-wing economists
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Feb 9, 2018 00:04
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Michael Bayleaf posted:I hate my life and wish I were dead i wish the people responsible for the bad things were dead, personally
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Feb 9, 2018 00:04
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Notorious R.I.M. posted:If I had to sort the guillotine line I would put energy industry execs in front of the bankers tbh. Chemical company execs. Definitely. https://en.m.wikipedia.org/wiki/Bhopal_disaster readingatwork fucked around with this message at 00:07 on Feb 9, 2018 |
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Feb 9, 2018 00:04
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Pick posted:goons itt literally basing their knowledge of finance on a terry pracht book with werewolves and fairies I majored in finance at NYU Stern, and some of my college friends/acquaintances work in what people normally describe as "high finance." I recognize that these folks aren't necessarily the living stereotypes people make them out to be, but they're still cogs in an extremely harmful machine and should be forcibly removed from their positions (plus having their wealth redistributed). Finance is fundamentally an industry with extremely perverse incentives, where firms are encouraged to take risks that endanger the greater economy (because they reap 100% of the benefits but hardly any of the downsides, at least at the level of the executive/trader/whatever). edit: The people who end up working for ibanks, hedge funds, etc also tend to come from very privileged backgrounds, which corrupts them into what amount to human viruses living in the greater body of society. Organizations full of people like this tend to be harmful and usually only serve the interests of other privileged people like themselves. Ytlaya fucked around with this message at 00:09 on Feb 9, 2018 |
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Feb 9, 2018 00:05
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Shear Modulus posted:wow you cashed out 3 months ago and now we're right back at the level it was 3 months ago before the tax bill Haha
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Feb 9, 2018 00:05
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BrutalistMcDonalds posted:isn't also wise to cut taxes during a recession as a form of stimulus? so the implication here is that the trump tax cut is the U.S. government effectively blowing its ability to manage the next recession in favor of benefiting the top 5 percent. everyone else, if they're lucky, gets a one-time $1,000 check which doesn't improve their situation at all in an structural sense, so they're still loading up on credit. Even under neoliberal economic models tax cuts have a poo poo ROI stimulus. It turns into "safe" investment by the rich and debt payment by the poor. And the middle class buys a little, but are still scared of a week economy. Paying for poo poo people need, like infrastructure, creates jobs, security, and future economic value.
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Feb 9, 2018 00:05
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Tiberius Christ posted:Also china owns more american bonds then they did in 2008 even though theyve been wanting to get rid of them. Last time Putin almost convinced them to team up and cash them in to crash the american economy but were China's main importer. However China has been building the One Belt One Road to sell all the poo poo they make to their own people and the growing asian middle class so lets see if they make that deal now. they can't just call in bonds, it's not like a mafia thing
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Feb 9, 2018 00:06
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Epic High Five posted:Cheer up oh no
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Feb 9, 2018 00:06
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Also pick, I worked at a bank for a few years, and my soul is tarnished by it.
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Feb 9, 2018 00:06
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Shear Modulus posted:wow you cashed out 3 months ago and now we're right back at the level it was 3 months ago before the tax bill yep but I think it’ll go down more. it’s hard to tune the market but I think good buy opportunities are close at hand and you need cash to do that.
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Feb 9, 2018 00:07
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Shear Modulus posted:wow you cashed out 3 months ago and now we're right back at the level it was 3 months ago before the tax bill That's why I'm not so concerned about this dip. It's still at the same level it was in November 2017. It rose a lot last year. Even if this drops back to where it was in September or August of 2017, that's a sensible correction from 20% down to a more normal 8-12%.
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Feb 9, 2018 00:07
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readingatwork posted:Chemical company execs. Definitely. Good point. A lot of people think that if they could go back in time and kill one person it'd be Hitler. For me it'd be Midgley.
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Feb 9, 2018 00:07
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for me it'd probably be john wilkes booth
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Feb 9, 2018 00:15
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Ppl in This thread justifying why they have no money, capitalism and systematic abuses not required
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Feb 9, 2018 00:16
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Shear Modulus posted:for me it'd probably be john wilkes booth Fanny Kaplan
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Feb 9, 2018 00:20
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Michael Bayleaf posted:oh no you shouldn't have touched yourself at night, you were warned
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Feb 9, 2018 00:20
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I appreciate what you do pick, getting the fence sitters to realize just how much people like you deserve to be separated from their shoulders and whatnot
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Feb 9, 2018 00:21
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Pick posted:Ppl in This thread justifying why they have no money, capitalism and systematic abuses not required you inherited your money
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Feb 9, 2018 00:21
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Pick posted:Except there are literally examples all over the place of people who are free to do essentially anything they want, and a lot of them really do just mooch. It isn’t even a new phenomenon, there are a lot of families who still take care of a kid now adult who never got a job, never got an education, and never did anything with themselves. They didn’t transform that energy into artwork, or literature, or even cleaning the house. A lot of people, if they’re not forced to do anything, really don’t do anything. 
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Feb 9, 2018 00:21
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fknlo posted:I have 2 credit unions. One gives me 2.25% interest on up to $20k in my checking account and the other gives me 1.5% on up to $40k. Pretty decent stuff.
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Feb 9, 2018 00:21
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Stinky Wizzleteats posted:I appreciate what you do pick, getting the fence sitters to realize just how much people like you deserve to be separated from their shoulders and whatnot the stock market is pretty good for people who learn about it and don’t invest in DNKR (Dunning Krueger )
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Feb 9, 2018 00:22
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Anime Schoolgirl posted:this post was actually a self-description the only time I wasn’t working was STEM doctoral studies 
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Feb 9, 2018 00:23
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Rex-Goliath posted:
see, this is what I don't get. whoever's not in power seems to think the "debt" is a problem and it never turns out to be. but this is different because interest rates are rising? why can't the debt just keep going up as it usually does? Are you saying the US could go into default?
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Feb 9, 2018 00:24
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