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The next crash will be really nice -After the last crash nothing was learned besides wall street banks finding out they could hold the country hostage -Finance sector is still driven by commission sales, so this gives them a big incentive to continue cranking out new high risk products like the securitized subprime auto loans -Trump administration will continue its program of deregulation and literally has Goldman Sachs guy running the Treasury -Most of the great finance sector investments that led to the 2008 crash are still around but just got rebranded -Bull markets don't last forever, the private equity bubble is also pretty impressive -Home prices especially in commodity sensitive countries like Australia and Canada are heavily inflated
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Jul 7, 2017 15:35
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lol
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Jul 7, 2017 16:02
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Typo posted:lol if you bought canada house in 2015 you would be rich by now Good thing that housing is such a illiquid asset.
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Jul 7, 2017 16:27
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Karl Barks posted:unless state pension funds are being pushed into snapchat stock. i guess anything is possible. 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 quote:In December, CalPERS announced that it would reduce its private equity asset class from 10 percent to 8 percent of the total portfolio in order to reduce some of the risks in the fund. Pretty hilarious how CalPers did so poorly in what is still bull market and their top level staff get big compensation packages
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Jul 7, 2017 17:04
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Karl Barks posted:https://twitter.com/eliotwb/status/883368037293752320 Pro-tip public IPOs are for rubes since most institutional type money have already locked down a price for their shares far lower than what Joe Schmoe investor is excited to pay on launch day.
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Jul 7, 2017 18:55
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Karl Barks posted: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 Well Calpers does a active management type strategy for the investment and also for many years put big money in hedge funds even though management fees for such investments always eat up the overall net returns
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Jul 7, 2017 18:58
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My fav startup was that failed bus transport system Leap https://vimeo.com/122275278
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Jul 7, 2017 22:58
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I think the more modern warning is when all your cube-farm co-workers start believing the stock market is a full-proof way to make money or are talking about getting into house flipping.
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Jul 7, 2017 23:18
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Theranos was pretty good story as well especially how it had random people like Kissinger and Gen Matthias on the board of directors. 
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Jul 7, 2017 23:34
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For the last decade the biggest returns for the Yale Endowment was their private equity investments.
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Jul 7, 2017 23:49
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logikv9 posted:juicero, but for urban transport The Hyperloop project?
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Jul 8, 2017 00:29
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consumed by normies posted:dont understand how there was basically no effect from us housing crash Well for Canada the high prices are being driven by factor such as rich mainlander chinese seeing cities line Vancouver as a escape from the firing squad type cities. Also Canadian banks did get hit hard in the 2008 but got lots of secret bailout money from the US Fed/Canadian government to the tune of 114 billion dollars.
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Jul 8, 2017 12:17
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https://www.youtube.com/watch?v=Bkm2Vfj42FY
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Jul 8, 2017 19:01
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logikv9 posted:Would you like to buy a shack outside of Vancouver? 1.3 million dollars. The crackhouse or mansion is pretty drat funny
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Jul 8, 2017 19:31
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I'm most excited over the thought of the start-up/private equity bubble bursting.
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Jul 15, 2017 22:31
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The whole finance sector makes sense once you realize that a most of the big bucks comes in through things like commissions or end of year bonuses. Lots of incentive to create new whacky products just to drive up your yearly sales.
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Jul 30, 2017 20:30
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Byolante posted:They already killed the protection for investors that the vendor cannot knowingly sell toxic assets without warning the investor of it properly. Also companies which knowingly sold junk mortgages to federally funded entities like Fannie Mac pretty much got off the hook. Only thing the finance sector learned from the crash, is they will never be accountable for their actions and outright fraud.
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Aug 2, 2017 02:27
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Aug 10, 2017 00:20
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Jedi Knight Luigi posted:Righteousness and blessedness Imagine this every day if Bernie would have won.
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Aug 12, 2017 13:39
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Rex-Goliath posted:also lol rt
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Aug 24, 2017 22:36
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Pidgin Englishman posted:Did everyone watch this? Mark Blyth especially how he exposes bad dem beliefs in things like austerity being good and other bad dem voodoo economics.
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Aug 27, 2017 02:48
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Vermain posted:right, which is my point: you've got an already sterile economy that's currently being propped up by financial fantasies which is going to see even fewer viable jobs in the future, because the automation we'll see will still be in the service of the profit motive and not in the service of reducing drudgery. that's the bad news that we're hurtling towards and no one has an answer for it automation will be the next big economic disruption especially when jobs like truck drivers start getting replaced 10-15 years from now.
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Aug 27, 2017 13:02
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call to action posted:I don't know about y'all but I got the gently caress out of stocks in my IRA and 401(k) two months or so ago and I'm ready to buy at the bottom you can't time the market noob Also was lolling at article about how CDOs are making a big comeback http://www.motherjones.com/kevin-drum/2017/08/cdos-are-back/ quote:The synthetic CDO, a villain of the global financial crisis, is back….In the U.S., the CDO market sunk steadily in the years after the financial crisis but has been fairly flat since 2014. In Europe, the total size of market is now rising again—up 5.6% annually in the first quarter of the year and 14.4% in the last quarter of 2016, according to the Securities Industry and Financial Markets Association.
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Aug 31, 2017 23:12
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Jeb! Repetition posted:Labor won't be human anymore. Future will probably be like in the book Player Piano
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Sep 3, 2017 00:24
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Notorious R.I.M. posted:Really funny/depressing to read this thread and watch everyone overlook the direct impacts climate change will have to GDP on very near timescales. You just saw Harvey happen, now imagine that over and over and worse and you get what's coming. Also global warming will gently caress over the Middle East in a big way
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Sep 3, 2017 16:44
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Notorious R.I.M. posted:You want real doomsday economics? As sea surface temperatures go up by about 2C, now the entire east coast up through canada has waters warm enough to support strong hurricane landfalls. Water that used to produce strong cat 4 can now produce super cat 5 strength hurricanes. Frequency of cyclogenesis goes up too due to the new climate regime we're uncovering creating more stationary weather. Coasts will literally be unable to support infrastructure because they can't support structures that support 200mph winds and feet upon feet of flooding. Let's not forget the pacific coast where the persistent ridging high will become a more common feature that increases heatwaves and wildfires. Midwest rust belt cities will become more valuable.
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Sep 3, 2017 16:52
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Notorious R.I.M. posted:Anywhere with arable land and a low risk of floods and wildfires will become extremely valuable. imagine all smug coastals being forced to relocate to cities like Cedar Rapids.
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Sep 3, 2017 17:10
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C. Everett Koop posted:Jastiger's Revenge Just chillin' at Cedar Rapids
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Sep 3, 2017 21:36
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Alpha Mayo posted:
lolling at how the biggest oscillations seemed to occur after the US finance sector got heavily deregulated.
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Oct 7, 2017 01:20
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succ posted:alright i have about 20k in savings, where should i be putting it to prep for the inevitable crash Answer here https://www.youtube.com/watch?v=rOH37W0jPpA
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Oct 7, 2017 16:02
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Byolante posted:Man pushes economic policy of deflation, is shocked when all money stops traveling into the economy. Government fear inflation since its fucks over the finance sector especially for stuff like loans.
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Oct 9, 2017 23:36
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Peel posted:rent control and social housing provision are the obvious answers Most of US cost growth problems for things like housing cost, medical care and college would be easily addressed by nationalizing such things to split the costs. Of course we live in such a dumb wasteful country such things will never be possible.
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Oct 11, 2017 23:33
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got any sevens posted:i wont pay you more, but hey, ice cream party!!! lol supposedly the whole production rollout was so bad they were building the new sedans by hand for many weeks.
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Oct 14, 2017 14:55
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Also many of the people who got purged were ones who upper management noticed were handing UAW literature at work Musk probably had temper tantrum over his worker bees not being able to be his unrealistic production schedule goals
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Oct 14, 2017 17:05
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Also Musk whines about union due being a big burden on workers even though it amounts to $50-$70 a month. Seems like a rip-off to get better benefits, higher hourly wages vs non-union workers and workplace protection...
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Oct 14, 2017 17:27
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According to Musk company insiders what he does he makes unrealistic schedules or will randomly shift schedules a few months to the left. He believes this is good management since it encourages employees to work harder and come up with better solutions under stress.
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Oct 14, 2017 19:22
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Tiberius Christ posted:jesus being a billionaire makes you mentally retarded I remember watching that documentary on 1 percenters and they came across as psychopaths, completely disconnected from the concerns of poor people or in other cases outright dumb.
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Oct 14, 2017 21:24
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Duscat posted:and if you think the price tag is shocking, just imagine your shock when a 30mph collision leaves you impaled on the steering wheel in a crumpled wad of sheet metal and burning lithium Related Pro-Click https://www.youtube.com/watch?v=_ULm6QrC428
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Oct 16, 2017 22:22
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Jose posted:i learned today that one of the directors of the bitcoin foundation was Digital Entertainment Network founder brock pierce who also ran away to europe with another co-founder Marc Collins-Rector when he was indicted for child sex charges Star Trek fans exiled to Europe...
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Oct 16, 2017 22:23
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| # ¿ May 21, 2024 20:45 |
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anime was right posted:they think tax cuts are coming and nothing has broken the illusion that spending can continue to go up. also more and more money is being locked into debt so when people cant pay it off, thats when everything will explode. Also US corporations got a massive benefit from Obama's QE program.
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Oct 18, 2017 22:56
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