/biz/ - Business & Finance

>The stupidity is unending.

>>17839475
Based and Checked

>>17839475
>The stupidity is unending.

>>17839475
The reality is that as bad as Monday will be, it's not as bad as it would be without the quantitative easing

>>17839475
wait a sec, why is the answer to a pandemic to cut interest rates and give banks free money?

>>17839475
Everyone is making a rush towards the ATMs.
I know I will be.

>>17839574
Kys it was priced in before Powell was born

>>17839601
Because your money is make believe goy- I mean guys, let us handle it. Get your degree, pay off your student loans, pay your taxes, get a 30 year mortgage, work 45 years, and work the last years of your life.
Don't even think about questioning modern monetary theory :)

>>17839574
This stinks of desperation, spooks the market HARD, and now we have no levers, which also spooks the market (and is going to make the recession harder)

>>17839574
Yeah but you are just moving that possible bad and stock pyling it on later bad. You are gather surplus bad in the future. Debts gonna have to get paid sooner or later.

Hell, the way things look right now, this might actually be that time.

>>17839574
Kill yourself

>>17839601
Because they expect that the risk appetite will diminish, and to compensate they offer free money for banks they can lend, making it almost free for the plebs to get loans thereby stimulating the economy.

Just print up some more money and throw it into the burning, bottomless chasm. That'll help.

>>17839475
>free healthcare for all cost too much to implement
hmmm

>>17839601
They want to let the banks give low-interest loans to businesses etc by cutting their rates from the fed to 0%, in an attempt to prevent the huge crash which is happening today.

>>17839713
>Muh Keynesian economics
You faggots get the rope too

>>17839670
Dude, this is going to be a full blown depression. We are about to drop from the bull trap then it's a bear market trend south. QE and Injecting the drugs into our veins is no longer cutting it.

>>17839475
Predictions on how fast we hit the circuit breakers today?

>>17839553
K.

>>17839475
The /biz/ discord link is discord.gg xFuuSTZ
Join, we are currently watching the markets tanking
xfyjjjt

>>17839723
>They want to let the banks give low-interest loans to businesses
This will never fucking happen lol.

>>17839713
Most of the problem that we have today, at least here in Europe comes from the sad fact that old people don't work yet cost a lot of money and burden for the rest of the taxpayers. By improving healthcare you would aggrevate this already huge problem.

>>17839733
7 minutes

>>17839708
>>17839723
But the problem is 0% interest rates make nobody else want to loan anything out.

>>17839744
Just

>>17839729
Do these delusional storm fags think they are at all relivant?

GET YOUR CASH OUT OF YOUR BANK ACCOUNTS NOW! HOLY SHIT LITERALLY GO TO YOUR BANK AND CASH IT ALL OUT AS SOON AS THEY OPEN. NEGATIVE INTEREST ACCOUNTS IS COMING

>>17839733
Out of the gate we will trip 1 and then soon after that trip two and them maybe even flip 20%

>>17839759
Dude this is where spoonfeeding stops read up on this instead of continuing this already awkward line of thought.

>>17839753
I ought to beat the shit out of every Euro I see for memeing free healthcare as hard as you have over the past decade to leftists that don't know any better. Thank you for atleast admitting it's not perfect utopian shit.

>USD by next week

>>17839798
The fuck are you even talking about? Are you retarded? We have ID's here you know?

>>17839732
You all said this the last several times.

>>17839475
Lol maybe for stocks. Cryptos are about to bull this week. Just wait, bitcoin will be back to 10k in well under 2 weeks, screencap this

>>17839825
Free healthcare is literally retarded, it is basically partial communism because the state is the owner and the one that pays for all the fees, resulting in extreme cost inefficiency and a huge drop in quality because no one gives a damn about the job the staff does. I've heard stories here about doctors literally knocking people out who were brought in to detox instead of using tranquilizer.

>>17839733
3 minutes and loud screams on live television.

I'm spending all of my cash today.
>>17839860
The value of the dollar is going to drop today by a lot. This is worse than 2007/8. The fact that they did this at all is so extremely desperate. It's way, way too late.

>>17839893
Retard

>>17839841
You literally said people and banks will say no to free money, and then I am the retard here ?

>>17839893
>Extreme cost inefficiency
Wrong.
By having the state be the party who purchases all of the drugs, they have absolute power over price negotiations and as a result, drugs are way, WAY cheaper, saving an absolute fortune whenever any medicine is used at all.

>>17840001
>The state
>negotiations

>>17839712
"we printed our way into this mess, and we'll print our way out of it lol"
straight out of the 2008 Bush era recovery plan

>>17839893
>no one gives a damn about the job the staff does
That's what happens when you hire niggers anon.

>>17839753
>By improving healthcare you would aggravate this already huge problem.
In other words, average life expectancy increases?

>>17839729
>Keynesian economics
This has nothing to do with that you total dipshit.

>>17839826

>>17839781
>Everyone I don't like is a nazi
Yawn
>>17840078
Expanding fiscal spending no matter what isn't Keynesian?

>>17840001
Hahhahahaa you really are new to this aren't you ? Do you really think your politicians will give the extra back the "thepeople"? Or will they keep the amount they negotiated for themselves?

>>17839781
>muh storm fags
seething niggers who miss spell relevant get the rope

>>17839917

>>17839723
why should the jews have the money first?

>>17839475
They should have did NOTHING.

>>17839952
I said there will be no lenders you fucking moron.

>>17840315
Why? So the same exact result can happen?

How about we just get rid of capitalism you fucking idiots?

If I have around 25,000 in the bank should I really consider withdrawing some today? Im spooked.

>>17840389
Pull it. Not that it will matter. The shit will be worthless soon. By trial or by fire. I'm pulling mine today.

BANK RUN TIME

>>17840389
Yes. Literally go to your bank this morning. It's 5:57 AM right now for me and I'm going in a couple of hours when they open to withdraw 99%, keeping only enough to pay immediate bills.

>>17840479
pray for me anon I have wells fargo

>>17839733
10 minutes

>>17840389
you're a bit late man.

>>17839475
European markets are already going down by -6% to -9%
The worst so far is IBEX 35 (Spain) which is down -9.30%.
When American markets open I can guarantee it's game over.
No hope left let's just enjoy the shitshow as it happens.

>>17840567
thanks for adding to my stress anon

>>17839475

>>17839475
They didn’t have a choice, that the scary part

>>17840618
https://voca.ro/8VDF3aS5pWm

>>17839729
Keynesian economics is printing money. Free healthcare for all is a conservative measure to ensure the status quo and prevent a situation like this from happening.

>>17840185
Are you stupid? Price negotiation for drugs is how it works in the European healthcare systems. There's no shortage of seething from big pharma because they have to give the Europeans cheap prices thanks to how healthcare works over there. The politician "pocketing the difference" doesn't even make sense, because the health service is buying the drugs for the health service to use. They're not selling them on to themselves.

You seem to have a deep misunderstanding of how European healthcare systems works and I implore you to look it up.

What does it change to just withdraw your money out of the bank if its gonna be worthless anyway?

So if I am interpreting this correctly, this means that banks are now forbidden to fail?
If a bank can just lend money they don't have at all even without fractional reserves, then why would they ever declare bankruptcy? The money printing is turning into a bad joke now. I want out.

>>17840724
>"Muh it's how it works in Europe"
>meanwhile in Italy

>>17840616
You're fine as long as you withdraw it this morning. Things are going to become scary as hysteria increases for the next 48 hours.
>>17840731
Bank is going to demand interest on your cash and can withhold it. It's decreasing either way, yes, but keeping it in is even worse. Banks are going to begin agressive measures to make money. CDs etc are going to be worthless.

>>17840731
It doesnt. It'll lose value under your mattress just as fast as it'll lose value in your account. A lot of people here are sick fucks memeing others into rushing to go get their hands on highly circulated paper that may be a vector for corona.
If anything you'd want to tell the banks to expand your credit limit right now if you think the value of USD will drop.

>>17839712
Brrrr

>>17840832
so no meme, I should actually get up off my autistic ass and get my money, what do I even do with it. This is all so surreal..... Im sorry.

>>17840463
THIS is how you trigger a depression.

>>17839713
Funny money will eventually blow away in the wind. The west cannot afford it's free shit even with endless brrrrrrrr

>>17839733
wtf are circuit breakers?

>>17840938
Yes. The bank is going to see your $25,000 and try any way to keep it. $ is decreasing. Fed is giving them interest-free loans AND removed limits. You absolutely do not want the bank to hold your cash right now. Do nothing with it other than purchase supplies(a gun if you don't already own one too).
>>17841046
Goyim don't know what's going on and will see all of these low-interest car loans etc and buy into it. I'm ashkenazi. I know what's going on. Mortgages are going to explode.

>>17839559
But it wasnt digits, anon

>>17840826
>Can't actually refute anything because he lacks any information, just has to do "muh" statements like a caricature
kek

>>17841153
Based (((anon))) is based

>>17839475
All this will do is make it more obvious that the management economy emperor has no clothes. Enjoy your unemployment, homosexuals.

>>17841247
That post was so based it didn't even need a GET

>>17839792
what if you have debt?

>>17841153
But If I show up in 2 hours and 15 minutes to their door they should give me my money correct?

can't they unplug the economy and plug it back in?

>>17841369
Yes. This is a well-to-do preventative measure. Banks are not safe right now, at all.

I don't understand--the President's hat said he would "make America great again", but America keeps getting worse. Why is this happening??

>>17841315
YEP, THE SAME QUESTION
-$4500 in my account :) I AM SAFE??

>>17840381
>How about we just get rid of capitalism you fucking idiots?
and then what

>>17841537
Same, im -$1400 on my credit card and $200 in my bank account

>>17839893

This is your brain on American propaganda. It's like transmitted sociopathy.

>>17842050
we have like 200k homeless in one city in california
nobody gets treated for anything if it becomes free

I am the one above all. I'm fucking God.

>>17842145
OR
universal healthcare means more people are prevented from becoming homeless due to not facing financial ruin over medical bills, and people who would become homeless due to mental illnesses like schizophrenia have access to better mental health resources that can keep them a generally functioning part of society, rates of homelessness and destitution drop, and the healthcare system is freer to take care of normal people than ever.
it's just how it works in non-shitholes.

>>17842189
good luck stopping at traffic lights soon...

>>17839892
Lmfao,moron

>>17840664
>https://voca.ro/8VDF3aS5pWm

you sound jewish

>>17839574
Great analysis there kike

>>17841537
The jews are scribbling your debts on clay tablets as we speak

checkmate western homosexuals

>>17842378
Wrong

>>17839892
crypto was successful because it was a good way for kiddies with no clue what they're doing to make money. that's not the way it's working since March 9th. Cryptos are dead until kiddies are confident enough to play in the market again.

>>17841153
Your part of the problem

>>17842621
Mongol rape baby pride
World wide

>>17842265
Where does it WORK in a country our size

they're not printing money, it's $700 billion worth of mortgage back securities and treasury bonds...but yes I agree

Anons I’m legit scared right now. I’m just a neet living with my parents, what’s the best thing to do in order to at least mitigate the damage that’s about to come and help my folks out?

>>17842868
well someone is going to have to be sucking dicks

>>17839601
because banks are owned by jews, and jews own the economy. The average citizen is not a jew, therefore they are not included. Now stop buying gold goyim and take our paper currency we print daily.

>>17842621

Fuck off, Ivan. You will be a province of China in a few years

Fucking imbecile lmao

>>17842868
You'll probably get looted and get shot, this of course is after your parents die of the chinkvirus. Alternatively you can go into the woods and the city and scavenge, but you'll most likely die. If you are in the city without food, water and a rifle and ammo you are already dead.

>>17842189
post positions or frick off

Can someone explain to me like to a retard this money printing by FED.
Market is under because everyone is afraid to invest and want to hold on to cash. So how does giving the billionaires free money/loan help anything? Aren't they just going to hold on to this money? What if FED did nothing? Free market would surely find a solution on its own?

>>17841478
Yeah, a devastating pandemic from china is totally his fault

>>17841478
its the commies anon

>>17843079
They're interest-free loans for the bank. Banks can use it to offer low-interest rates for a car loan, something likely to make money. The issue is that it's just another trap to take your money and will do nothing to fix the economy.

>>17839893
And yet every developed country spends less on healthcare per capita than the US despite the incentive structure you point out.

>>17843124
not acting in time IS his fault
muh "its just the flu"

>>17843227
It's also to cover the existing loans that are going to be defaulted as everyone in the service industry is furloughed without pay.

>>17843324
If he had tried to close borders and travel any sooner, he'd have been torn a new one. Hell, he tried to close the Mexico border just three weeks ago and had to immediately walk it back. He's not a dictator, despite what the media wants you to believe.

>>17841478
He trusted the Jew.

>>17843079
As I understand it, it's just a way to kick the can down the road, let people borrow their way through the next few months. The dumbdumb deluded boomers think this might work because this crash is not due to structural reasons (it is, Corona has just been a catalyst) but a temporary blip in the world economy.

The reality is that this is just loading even more problems and when shit goes down they wont have any monetary mechanisms to deal with the crash since you can only brrrrrr at 0% for so long.

Enjoy uncountable trillions of debt and a debt crisis.

>>17839475
the amount of youth losing all trust in the system is going to be a huge awakening in the next decade

>>17843557
Milenials already lost it , saddly higher education brainwashed a lot of us into marxist shit or keynsian bullshit.

Zoomers will not even be able to get higher education so yea the trust in the system will go to negative numbers.

>>17842189
tell me more about it, anon

>>17842868
Move the fuck out and give them a break.

>>17844223

>>17842780
They just made up 700 billion worth of MBS and treasuries? Or did they purchase them... with printed money

>>17841151
When the negative % hits certain numbers (7, 13 and 20) the stock market halts (bad) for 15, 30 minutes and then in third one until the govt thinks its safe again, in general they never happen, but we are entering a big depression so its almost every day, but today will be biblical because fed has run out of ammo (no more leverage or tolls with the last cut) and all that ammo didn't do shit, so we are free falling

>>17844448
Based.
Great Depression here we come. I want to see stock brokers jumping from windows. I want to see societal collapse.
Only trough the destruction of the current degenerate world order, can a new one arise.

>>17839893
>No one gives a damn about the job the staff does
What?

>>17840185
Retard comment of the day, grats

>>17839892
Woke the food inflation is going to be massive

Breaker hit within seconds!!!