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Kinda sorta starting to look a litle ugly out there Im not worried though. Just buy the dip. 
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Jun 13, 2022 17:13
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I’m sure the crypto economy is doing fine though.
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Jun 13, 2022 17:16
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STONKS
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Jun 13, 2022 17:21
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Cool zone incoming.
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Jun 13, 2022 17:22
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i invested a little in some volatility index futures and its doing okay =] also i made a poll
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Jun 13, 2022 17:23
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I am praying for my own death at this point
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Jun 13, 2022 17:24
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TheBuilder posted:I am praying for my own death at this point Same
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Jun 13, 2022 17:24
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i like how my robinhood app pings my phone constantly all day to tell me everything i own just went down another 5% or is now at a 52 week low, all the lil pings are kinda like getting text messages so I can pretend I have friends who want to talk to me (:
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Jun 13, 2022 17:24
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i dunno, last time I thought it was fine was like in 2001 or something.
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Jun 13, 2022 17:25
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Nooner posted:i like how my robinhood app pings my phone constantly all day to tell me everything i own just went down another 5% or is now at a 52 week low, all the lil pings are kinda like getting text messages so I can pretend I have friends who want to talk to me (: 
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Jun 13, 2022 17:26
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https://www.youtube.com/watch?v=NLjWJy5IXQU
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Jun 13, 2022 17:33
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I'm glad I bought all that stuff on credit a while ago, I wouldn't be able to afford it now
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Jun 13, 2022 17:34
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Facebook telling me that Biden pulled the economy lever.
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Jun 13, 2022 17:35
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Sophy Wackles posted:I’m sure the crypto economy is doing fine though. I'm a moron and signed up for Coinbase many years ago. Now somehow I keep getting frantic alerts from them "Litecoin is up 5.6%! Litecoin is down 4.8%!" This morning it was "Litecoin is down 18%!" I dont know why it thinks I care about Litecoin when I never held Litecoin, and also closed out my Coinbase account almost four years ago. I'm all for hyperinflation - I've been unemployed effectively most of COVID and have rung up ungodly credit card debt. Much like the Fed, I too wish to inflate my way out of paying that poo poo back 
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Jun 13, 2022 17:37
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Better buy some guns to protect us against the economy!
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Jun 13, 2022 17:40
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SLICK GOKU BABY posted:Better buy some guns to protect us against the economy! Then getting real confused when the economy returns to being black....and good?
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Jun 13, 2022 17:42
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Hardawn posted:I'm glad I bought all that stuff on credit a while ago, I wouldn't be able to afford it now I bought a lightly used car for cash before the corona price bump, kinda hoping housing drops, wouldn’t mind getting something mildly lovely and affordable to squat in and pretend aim middle class-ish
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Jun 13, 2022 17:42
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I'm just glad my car is going to be fully paid off as my next payment it's gonna be nice
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Jun 13, 2022 17:44
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Revins posted:I'm just glad my car is going to be fully paid off as my next payment it's gonna be nice my lease ends in January. my residual is ~$10k less than what they are going for on the used market lol
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Jun 13, 2022 17:46
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Jun 13, 2022 17:53
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Lord Decimus Barnacle posted:Facebook telling me that Biden pulled the economy lever. He will go to Saudi Arabia soon and gas prices will abate for a bit and we will all throw confetti in celebration
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Jun 13, 2022 17:55
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I.N.R.I posted:Bring me the cold deer. I want to watch it expire, due to bitcoin.
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Jun 13, 2022 18:02
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My entire adult life has been nothing but stock market disasters and living in either "The worst economy ever" or "the best economy imaginable" but just for people who already have a ton of money. This is nothing, you might as well tell me it's raining outside.
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Jun 13, 2022 18:04
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I bought like, $300 worth of canned food and dry pasta/rice/beans/spices/olive oil I don’t plan on eating immediately this weekend did the same in 2020 before the march lockdown and used all of it in about three months
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Jun 13, 2022 18:05
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Jun 13, 2022 18:11
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TheBuilder posted:I am praying for my own death at this point god helps those who help themselves (USER WAS PUT ON PROBATION FOR THIS POST)
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Jun 13, 2022 18:12
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What dip are you guys keeping an eye out for that you plan to invest in? I don't know a whole heck of a lot about this stuff but Copenhagen long cut seems to be pretty popular around where I live, but at the same time Skoal is a lot cheaper here and has a wintergreen flavor which might help me ease into this whole dip thing.
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Jun 13, 2022 18:13
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Corporations crashing the economy to own the workers who wanted living wages.
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Jun 13, 2022 18:15
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i took all my money out of the markets a month ago and now i just scalp short expiration SPY and TSLA contracts on my fun account (usually when im taking my morning poo poo)
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Jun 13, 2022 18:16
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THE ECONOMY.
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Jun 13, 2022 18:16
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Die! Die for number! Number must only go up, never down!
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Jun 13, 2022 18:17
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oh no, not the dow jones
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Jun 13, 2022 18:20
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paychecks are already poo poo, bring it on motherfuckers
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Jun 13, 2022 18:20
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Do not compare being reduced to destitution by the economy to rape. User loses posting privileges for 6 hours.
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Jun 13, 2022 18:22
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Yaldabaoth posted:Corporations crashing the economy to own the workers who wanted living wages. I've been told by very reputable business people that the economy is crashing because nobody wants to work anymore.
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Jun 13, 2022 18:22
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https://www.youtube.com/watch?v=h-Z8_Mzmqgk
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Jun 13, 2022 18:36
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Nice job economailures
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Jun 13, 2022 18:43
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Meme Poker Party posted:I've been told by very reputable business people that the economy is crashing because nobody wants to work anymore. It's all just smoke and mirrors to convince the populous to let the wealthy do whatever they want because they don't quite have all the unregulated freedom of the monarchies from the old days just yet.
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Jun 13, 2022 18:44
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there's a lot of doom and gloom about the stock market being down and inflation being up, but both of those things might be good (or at least aren't 100% bad) for working people. first, the stock market is not a great indicator of the health of the economy. part of stock value is based on fundamentals that do represent economic health, but a lot is also based on speculation, sentiment, and other factors. there's no way the economy is in worse shape today than it was at the height of the pandemic, and yet the stock market then was reaching all time highs even when unemployment was spiking and businesses were having difficulty operating. a thriving stock market in times when companies aren't becoming fundamentally more valuable (like during a pandemic) is just an indicator that rich people are getting a lot of free money from the government and need some place to park it (same thing that happened in the 2010s with QE). what's happening now is a bit of unwinding and stock prices are falling. if you are investing into a 401k every paycheck, that is a good trend. a high stock market makes your portfolio look good now, but a low stock market is what will make it look good later when you (theoretically) retire. second, the fed always targets an inflation rate of about 2% and the news always says it's bad when it goes higher. but a low rate of inflation like that is generally going to help rich people more than poor people. rich people usually have a positive net worth and a lot of assets that they don't want depreciating quickly. working people often have a negative net worth (if they have a mortgage or a lot of student debt) or at least don't have a huge amount of assets, so inflation either helps them by eroding debt, or at least isn't going to chip away their wealth much in absolute terms. however, working people living paycheck to paycheck will definitely be the ones to feel inflation first. the question is whether wages will rise with inflation -- right now it seems that they are, especially at the bottom with a pretty big push for things like $15 min wage, plus very low unemployment gives workers more leverage over pay. so in the long run, if we have a few years of 5%-ish inflation and unemployment remains low (perhaps thanks to covid that killed / disabled a few percent of the workforce), it has the potential to be a positive for the relative wealth of the working class compared to the rich. retirees may suffer the most if they have a traditional bond-heavy retirement fund. and of course anyone too sick to work. the major trouble spot for the US economy right now is that housing prices are too high. i don't know if there's a lot of default risk like there was in 2007/2008, but i don't really think mortgages are being handed out like candy anymore, so probably not. something will have to give, but i don't know that it will be a credit crisis this time around. other stuff like food and fuel prices are more likely to be transient and aren't fundamentally undermining the wealth of an entire generation like the issue with home prices. the "supply chain" difficulties are also an issue, but i don't think that's as covid-related as people make it out to be anymore. i think covid exposed how there is zero resilience to disruption in the global economy, and businesses are reacting accordingly by attempting to hoard whatever they can get their hands on, which further stresses the supply chain and creates even more disruption. random shortages are just part of global capitalism now -- finally capitalism has caught up to communism. overall, i think the dysfunctional political situation in the US is a way bigger risk to the economy than anything above, and that's just in the short term -- not even going to bother talking about the climate. we can't even figure out healthcare or do anything about mass shootings happening almost every day, meanwhile the next insurrection is brewing. you can trust everything i wrote above because i have no background or education in economics.
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Jun 13, 2022 18:51
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do we really need an economy anyways? seems more trouble than it's worth
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Jun 13, 2022 18:51
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