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i was wondering where all these people get the money to drive expensive new cars where i live (land of $30k millionaires) and now i know it's subprime auto loans
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Jul 7, 2017 11:51
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rudatron posted:yeah well get ready shitlord because I've cornered the market on bottlecaps except caesar in this timeline is zuck
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Jul 7, 2017 15:13
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Jose posted:i'm glad america are going to crash the world economy right about the time brexit happens i live in dallas which has a very hot housing market, and the civic culture here is boosterism on a scale that most other american cities can hardly match. see, everything is fine because companies are relocating here everything is going swimmingly!!! so clearly it's totally obvious and you're an IDIOT if you don't believe the jobs can forever-and-ever support the continuing rise in prices!!! but i'm not so sure. it's not heading to 2008 again, i don't think. but the amount of garbage auto loans, student loans, credit card debt -- in combination -- isn't sustainable. consumer debt more broadly is the problem. https://www.nytimes.com/2017/06/18/business/dealbook/car-loan-subprime.html quote:With their low credit scores, buying or leasing a new car is not an option. And when all the interest and fees of a subprime loan are added up, even a used car with mechanical defects and many miles on the odometer can end up costing more than a new car. there's ads on drive-time radio now about how to profit from house flipping, which should be a big red siren on the massive speculation that's going on -- i imagine now in part because oil is less profitable. (i knew some people who got into oil speculating for awhile.) the texans are all about it, but people who moved here from florida and so on are (rightfully) skeptical. BrutalistMcDonalds fucked around with this message at 15:27 on Jul 7, 2017 |
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Jul 7, 2017 15:22
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Mayor Dave posted:I can tell when a bubble is about to burst because my brother gets involved in a new get rich scheme. He was in the process of buying a house to flip when the market crashed (luckily for him the deal fell through) , and now he's buying gpus for mining. I expect the crash any day now.  https://www.youtube.com/watch?v=FL33_8DcqnE
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Jul 7, 2017 15:48
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My new startup will replace stoplights with alternative devices with a light gray (platinum) and white (fog) exterior like Apple computers. It will revolutionize how we automate traffic control at city intersections.
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Jul 7, 2017 23:06
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Monopolize the charcoal trade. How are people gonna cook without electricity if they don't have charcoal????
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Jul 8, 2017 05:33
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People are like "I'm gonna survive with my hoard of guns and one-year's supply of dehydrated food" Whatever. I've got my eyes set on something else. And that thing, is charcoal.
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Jul 8, 2017 05:34
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YouTube channel about markets and a video about imminent economic apocalypse. For all I know all of these guys are crackpots and, to be sure, they are doomsayers. But I think it's interesting. https://www.youtube.com/watch?v=vBJ-p0ybhzs&t=87s By the way... https://twitter.com/hmeisler/status/921100888890068993
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Oct 20, 2017 22:01
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https://twitter.com/CNBC/status/935230840036122625 https://twitter.com/NorthmanTrader/status/928391064330932229
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Nov 27, 2017 22:43
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SKULL.GIF posted:i worked briefly in university administration as an assistant and it is absolutely loving amazing how many fat worthless office slugs are given welfare by college administration networks
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Nov 28, 2017 07:49
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MrWilderheap posted:Advertising on the internet has got to be seriously overvalued. It's shady as hell, and the biggest, most "reputable" sites have scammers and clickbait advertising on them. Adblock is just going to get more popular and eventually people will start realizing their ads are barely reaching anyone
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Nov 30, 2017 22:00
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yeah i have no idea. i went to a state college that had no organized left presence at all (although that's starting to change from what i hear). there were college democrats, republicans, and libertarians. after i was gone the libertarian group split, and the remainder mutated into some kind of nationalist alt-right adjacent group that started showing up at protests in the city next door with actual neo-nazis. poo poo was dark. where i live now, near the (bigger) university, the trotskyist club brings in more people every week than TPUSA does monthly; and they're not the only socialist group on campus. most people are probably apolitical though i would say.
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Dec 3, 2017 20:57
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https://twitter.com/NorthmanTrader/status/939134063604051968
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Dec 8, 2017 15:40
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https://twitter.com/jessefelder/status/941328758505603072quote:From my perspective, I think there's a lot of speculation going on here. Particularly, there's this kind of weird thing happening where Bitcoin's original selling point was that it was going to be this kind of easy payment application where you can pay anyone anywhere in the world directly without having to deal with a middle man. And as the price has risen, and as the network has gotten clogged with too many transactions, that payment application doesn't really seem to be working anymore. So people have changed their way of talking about it to describe it as a crypto-asset. And people are buying it because they think it's going to have higher value in the future. So it's just a cycle of people thinking they're gonna buy it now, and someone else is going to be willing to buy it later from them for more. To me that sounds like a speculative bubble, but there is a core contingent of people who believe that as some point Bitcoin will be used for everything—they call it "hyperbitcoinization." You're saying startup lenders could give me money with my bitcoin as collateral??? What could go wrong??? BrutalistMcDonalds fucked around with this message at 16:48 on Dec 14, 2017 |
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Dec 14, 2017 16:39
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https://www.youtube.com/watch?v=5W7F0odL828 get really baked / drunk / hosed-up before you watch this
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Dec 14, 2017 17:06
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quadruple cuck posted:mega city one supremacy 
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Dec 21, 2017 09:35
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https://twitter.com/jessefelder/status/943880274655539200
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Dec 21, 2017 21:04
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WampaLord posted:It will be student loans.
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Dec 21, 2017 22:38
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https://twitter.com/LizAnnSonders/status/943872281633226752
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Dec 21, 2017 22:48
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so i don't really understand bitcoin. but what i know is that as there are more bitcoin, it costs more to mine new ones due to the cost of electricity? and it takes a long time to sell a bitcoin? and everyone is trying to cash out at once? and people went into debt to buy bitcoin? how is this not a ponzi?
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Dec 22, 2017 10:12
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Dec 22, 2017 10:18
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https://twitter.com/ProudMoolie/status/944047003557945345 https://twitter.com/ProudMoolie/status/944064234651914240 https://twitter.com/fiatcrush/status/941266189573005313 
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Dec 22, 2017 10:26
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skaboomizzy posted:short version:
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Dec 22, 2017 12:39
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Dec 22, 2017 15:26
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The Phlegmatist posted:Looking forward to squatting in one of the many exurb ghost towns with the rest of the millenials in twenty years tho
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Dec 26, 2017 21:29
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problem is unless you expropriate the boomer wealth, them dying off is only going to increase overall inequality in the society because the millennials (well, it's tricky defining the start/end date) are even more unequal within their (my) cohort. generational solidarity is pretty overrated when you realize you're in the same generation with mark zuckerberg and eric trump.
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Dec 28, 2017 00:49
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do they call it Watr has anyone made this joke yet???
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Dec 31, 2017 18:44
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Oh gently caress yeah. Speaking of podcasts Richard Vague (author of "The Next Economic Disaster") did an hour here: https://bloggingheads.tv/videos/50130 He doesn't pop up much. Investment banker and adviser of various sorts. I don't know where to place him economically or politically, but he kinda reminds me of Mark Blyth. His main warhorse is how private debt (business and household) creates recessions and depressions, as opposed to public debt which gets the most attention. I think it's interesting. Article: https://democracyjournal.org/magazine/42/the-private-debt-crisis/ Edit: Eh this podcast is kinda boring. BrutalistMcDonalds fucked around with this message at 22:16 on Jan 1, 2018 |
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Jan 1, 2018 21:26
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Saw Steve Keen retweet this. https://twitter.com/bankcustomers/status/948097277775593472 Interesting prediction.
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Jan 2, 2018 10:34
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I wonder if Koreans are more susceptible to scams, demonstrated by the new religious movements and cults over there. Also my 50something Korean tennis buddy who I had to talk out of getting scammed by some fake bank sweepstakes email. I'm not judging. I'm from America and we're the biggest suckers on the face of the earth.
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Jan 13, 2018 15:09
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block my chainhole
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Jan 16, 2018 23:58
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Alpha Mayo posted:ROFL the crash was halted by an exchange pumping 160 million of fake US currency called Tether into it's own exchange. It looks like the Ponzi gets to live another day. i read about that company. the fake US currency is supposed to be "reliable" because every "tether" is backed by a U.S. dollar equivalent. this company does not have $160 million they just pumped into the exchange
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Jan 17, 2018 00:59
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TheDon01 posted:Wait what? http://fortune.com/2017/12/05/bitcoin-btc-price-usd-tether-limited-bitfinex/ quote:Bitfinex’s CEO is also the CEO of a company called Tether Limited, which issues tethers (also known as USDT), a pegged cryptocurrency; that is, the tether’s value is pegged directly to that of the U.S. dollar. To do so, Tether commits to keep the dollar equivalent of all USDT value in reserves at all times. Tether offers a way to own and move fiat currency across different cryptocurrencies and exchanges without the need to convert crypto assets into dollars. That means transactions are fast and cheap, yet the price of the currency is as stable as the U.S. dollar, in theory.
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Jan 17, 2018 01:07
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Karl Barks posted:america was built on fraud so this makes sense
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Jan 17, 2018 01:55
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logikv9 posted:all money is made up if you think about it!! *pulls out dollar* this thing, it's worth nothing if you think it's worth nothing! owned crypto haters! each brutumac is worth $1 pm your account details and why yes i have adequate resources backing that up
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Jan 17, 2018 01:56
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SpaceGoku posted:ah man, ahaha
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Jan 18, 2018 01:23
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holy poo poo https://www.youtube.com/watch?v=kbR1SXIje1U
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Jan 18, 2018 02:06
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OhFunny posted:https://twitter.com/FT/status/955092792086355968
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Jan 21, 2018 21:26
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quote:Time and again, that’s the story we found: A major financial crisis is preceded by a runup in private debt relative to GDP. In fact, there seems to be only one other ingredient required for a crisis: that the absolute level of private debt is high to begin with. We found that almost all instances of rapid debt growth coupled with high overall levels of private debt have led to crises. quote:To be sure, low government debt has its virtues. Still, the main focus should now be on reducing private debt. This is known as “deleveraging,” and the U.S. did very little of it in the immediate aftermath of the 2008 crisis. BrutalistMcDonalds fucked around with this message at 00:15 on Jan 22, 2018 |
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Jan 22, 2018 00:12
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https://twitter.com/jessefelder/status/955830653945344000
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Jan 24, 2018 08:19
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