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Karl Barks
Jan 21, 1981

tech bubble is real but i think it's really centered in silicon valley. ie. if the bubble bursts it's mostly going to affect north california

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Karl Barks
Jan 21, 1981

unless state pension funds are being pushed into snapchat stock. i guess anything is possible.

Karl Barks
Jan 21, 1981

uber and snapchat are the whales tho

Karl Barks
Jan 21, 1981

biotech is also an area where there is a probably bubble, i know it's an issue here in boston

Karl Barks
Jan 21, 1981

etalian posted:

Well the good news is Calpers at least started to rid of their Hedge Fund rip-off deals but still has a fairly large stake in private equity

https://www.reuters.com/article/california-calpers-privateequity-idUSL1N1JG0XQ


Pretty hilarious how CalPers did so poorly in what is still bull market and their top level staff get big compensation packages

that's insane - the harvard endowment had something similar, tho it was closer to 2-3% returns. not sure how they're managing to gently caress up that badly in this market

Karl Barks
Jan 21, 1981

https://twitter.com/eliotwb/status/883368037293752320

https://twitter.com/Investopedia/status/879800251829305344

^^ actually this text is confusing, snap is already well below it's ipo price

also dropbox is supposed to ipo soon and that will almost certainly burst into flames

Karl Barks fucked around with this message at 18:16 on Jul 7, 2017

Karl Barks
Jan 21, 1981

clinkle is still the best insane start up story imo

https://techcrunch.com/2015/05/15/clunk/

Karl Barks
Jan 21, 1981

rudatron posted:

Actually, thinking about it, the similarities between art deco and apple poo poo is like, uncanny

now it's time for modernism and socialist realism to make a comeback

art deco and apple design aren't really similar at all. art deco has all kinds of adornments that don't fit in that style. apple is more like bauhaus/modernism

Karl Barks
Jan 21, 1981

i haven't read about this in years, but wasn't the US housing market bubble mostly centered in suburbs? I wonder what happens when you pull the cities out of that canada graph.

Karl Barks
Jan 21, 1981

Mr. Sharps posted:

doomsday economic scenario: the stock market implodes. the density of information moving through its fiber networks and stored in its data servers exceeds the schwarzchild radius required for a black hole of equivalent mass and the financial district is sent to cosmic oblivion, followed quickly by the rest of the planet.

lets do this

Karl Barks
Jan 21, 1981

it's possible that it will just plateau and bounce around where it is now. especially if these prices are driven by a lack of housing stock. which seems to be the case, at least in urban areas. until they actually start building reasonably prices units, and not luxury condos, prices could stay up.

Karl Barks
Jan 21, 1981

H.P. Hovercraft posted:

this is what already happened in the bay area during the last housing crash

flattened for like two years then picked right back up again

yeah, same thing here in Boston. people keep moving into the established cities, when there really needs to be a mass migration back into midwestern cities and southern cities.

Karl Barks
Jan 21, 1981

cargo cult posted:

what do u guys mean by dis stuffs (real explanation plz)

monetary policy gospel for the past forever has been to use the central bank rates to steer the economy. you raise rates when times are good, and lower them when times are bad to encourage lending. in the US, we dropped the rate from something like 4% to... .25% in 2009 as a response to the fiscal crisis (maybe we hit 0? can't remember). we never raised them back up, and we've built this massive bubble off of all the free flowing money from the central bank (I should say people are not in agreement on this aspect). if another crisis were to hit, there is basically no other tools left in the toolbox to spur growth, as we've lowered the rates to basically 0. Japan has done negative rates before (ie. the government is paying people to lend) but it's uncharted territory.

Karl Barks
Jan 21, 1981

it's fine we'll just raise taxes on the rich and use that money to pay for stimulus for the working class :)

Karl Barks
Jan 21, 1981

it tells you when your salt goes bad

Karl Barks
Jan 21, 1981

simply update the firmware to resume salt dispensing function

Karl Barks
Jan 21, 1981

want to put sugar in your saltero? think again! saltero's battery will discharge a 200volt shock to any user who attempts to place sugar inside saltero

Karl Barks
Jan 21, 1981

anime was right posted:

what in Tarnation.. heck

https://twitter.com/billyraycyrus/status/335910871974965248

Karl Barks
Jan 21, 1981

wait so saltero is real? and it's called smalt?

https://twitter.com/gosmalt

http://www.mysmalt.com/

Karl Barks
Jan 21, 1981

Pancakes posted:

As a consumer bankruptcy attorney in the area of the country that already had the most filings, I feel a very strange mixture of feelings about all this. Watching the different trends in the cases over the past 7-8 years has been a really interesting experience.

goooooo on

Karl Barks
Jan 21, 1981

TeenageArchipelago posted:

My new Doomsday Economics is that Britain holds another refferendum to make Bitcoin into their national currency and it wins by 1 vote and then bitcoin goes to the moon but the energy required to keep all the new mining rigs going uses up all of our oil over ~3 weeks and then we run out of oil and then britain's economy crashes because the power turns off and no one can get to their bitcoins anymore and hard drives become the currency of choice with people saying "no I promise there are like 50 bitcoins on there that will be 50 euros please" before getting shot by one of the 3 guns that exist in the UK. But the queen and her corgies will be okay though, so don't worry.

same

Karl Barks
Jan 21, 1981

call to action posted:

there is plenty of cheap housing. it is merely located in places you don't want to, or can't, live in.

also how the gently caress would you 'regulate' or nationalize (?) housing prices

you buy up (or just take) all the housing stock, or you implement things like across the board rent control

Karl Barks
Jan 21, 1981

call to action posted:

so you're just gonna take my house from me? hmmm... no.

i mean, if it came to that, you probably won't have much of an option

anywho seizure of american housing stock by the government is proooobably not going to happen

Karl Barks
Jan 21, 1981

Agronox posted:


https://www.buzzfeed.com/carolineodonovan/musk-slams-union-drive-in-email-to-employees

i should note, THIS IS NOT SATIRE, this actually happened earlier this year

this is like some manic poo poo

Karl Barks
Jan 21, 1981


quote:

Stadler said that the super-rich’s concerns over public perceptions that they were getting wealthier at the expense of the wider population had led them to make greater philanthropic gifts and spend their money on public art galleries and sports teams.

yes, that's why

Karl Barks
Jan 21, 1981

Rated PG-34 posted:

eh i'm just picking something lower risk in the short term

putting all your money into a single type of investment is a Bad Idea

Karl Barks
Jan 21, 1981

i'm p sure that some of the videos themselves are generated as well, but not all

Karl Barks
Jan 21, 1981

Karl Barks
Jan 21, 1981

Agronox posted:

I always love reading poo poo like this:


This is a market system, and there's not a tremendous lead time for CDL training (six months or so, right?). If you want to get rid of a "shortage" you RAISE WAGES YOU ASSHOLES.

i wonder how much wal mart and amazon's pressure on distributors to keep prices so low is causing this

Karl Barks
Jan 21, 1981

fellas its time to short tesla stock like good capitalists

Karl Barks
Jan 21, 1981

bitcoin is at 8.2k lmao

Karl Barks
Jan 21, 1981

riding that wave, gotta sell at the exact right moment fellas

Karl Barks
Jan 21, 1981

bitcoin will be capitalized at 5 trillion dollars and then everyone will have to switch to it bing bong so simple

Karl Barks
Jan 21, 1981

Manic Technophile posted:

8 new posts, and they're all about Bitcoin.

Bitcoin is still way too small to cause any major crisis if it collapses. Nobody but bitcoiners will care. So why is it infecting this thread when there's a perfectly good one about it on the front page of GBS?

bitcoin miner spotted

Karl Barks
Jan 21, 1981

A MIRACLE posted:

there’s a leveraged proshares etf for bitcoin I think

but you know deep down inside bitcoin will only go up

It's insane that a leveraged Bitcoin etf even exists

Karl Barks
Jan 21, 1981

Thug Lessons posted:

(1920s stock trader voice) Anti-stock market people are cool because they manage to convince themselves people have somehow lost money (or are perpetually about to) when the stuff's gone from $0.03 to $8000 in like five years.

Karl Barks
Jan 21, 1981

Alpha Mayo posted:

I legit believe Bitcoin is an example of trickle-down economics. The rich literally have no where else to put their money so it trickles down to exotic/retarded assets like Bitcoin and companies that use words like "blockchain" in their name

that's not really what trickle down economics is

Karl Barks
Jan 21, 1981

Thug Lessons posted:

Anyone who thinks they can predict the future of the economy is full of it.

Thug Lessons posted:

Anti-crypto people are cool because they manage to convince themselves people have somehow lost money (or are perpetually about to) when the stuff's gone from $0.03 to $8000 in like five years.

Thug Lessons posted:

Bitcoin's meteoric rise in value is merely a sign of its imminent demise.

thug lessons is trolling this thread fer sure

Karl Barks
Jan 21, 1981


isn't this indentured servitude

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Karl Barks
Jan 21, 1981

prob not imminently happening but i would have an exit strategy if you have any money in the market!

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