/biz/ - Business & Finance

It was a transfer of wealth from poor to the rich

>corona
Idiot. Go back watching TV. No point in educating zoomers about the backgrounds of this obfuscation tactic

>>22486265
This incredibly strong recovery to pre covid levels is unique to the US. Obviously that's due to investor sentiment, but quite why they're so bullish in the face of reality is a bit confusing.

>>22486265
M2

There are only two explanations for this : 1. The government is artificially pumping the markets to keep them from an unprecedented depression, 2. The economy is a complete lie as crippling it for over half a year made no impact on it.

>>22486377
Then enlighten me. Btw I'm not zoomer.

>>22486265

>>22486498
But is it really that simple to explain?

>>22486265
BRRRRRR

>>22486344
This. The federal reserve printed trillions so that bankers and hedge funders could get filthy fucking rich while millions lost their jobs, and middle america panic sold to protect their 401k accounts. Just have dry powder ready for the next scam

>>22486477
it requires reading, being able to count one and one together and not believing in santa claus

>>22486265
The second corona happened the market priced it in

>>22486265
They own the news. When they want to dump on you they will broadcast a message about how Tesla had a split share and everyone is making money. When they want to buy and pump the market afterwards, they will tell you that the market is going to crash and that you should not invest.

>>22487017
We're halfway through September and I don't see any banks failing.

>>22487078
>>>/pol/ stormnigger
You must be a special kind of mentally challenged to give a shit about bloggers as some kind of authority. Newest surveys on trust in the press are showing one clear trend, over 45% mistrust it between mildly and very strong

>>22487092
yes, you don't seem to be able to count one and one together. Respect that you are able to read

>>22486265
How long should I hold my TSLA and HNCKF stocks for? Will they keep climbing until battery day?

>>22487137
fuck you and your passive agressive approach

>>22487137
Well what's going to happen then? Looks to me like this guys puts will expire worthless.

>>22487118
Kek /biz/ belongs to /pol/ you should know that faggot.
And yes, i'm very mentally challenged wow.. Thank you anonymous person on an imageboard.

>>22486445
the market is just a reflection of the amount of money in the market, not the actual value of the economy

>>22487260
Sorry for calling you stormnigger, even they weren't as bad. You are the cancer that killed /pol/. Go watch more CNN mongo

>>22487246
>>22487255
There is literally no reason to help you if you are not able to help yourself. DYOR

>>22487374
Retard. If you think you know something you post it here so people can tell you why you are wrong. Get raped by a pack of niggers and die of aids with your worthless september puts faggot.

>>22487342
Seethe more sodomite

>>22487571
pray for more brrrr and hope for more hands out. Oh shit it wont come. Idiot. Now go and watch more cnn money

>>22486265
Based on the employment numbers, only people that were affected were non-essential workers. For other businesses, it was business as usual. Since the stock market is being lead by tech companies, those companies along with others benefited enormously from the lockdowns.

It's actually bullish from stocks, because after all this is said and done, those same companies will continue to perform well.

The fed money being printed is still on the banks balance sheet, that hasn't hit the real economy yet -so we aren't seeing hyperinflation yet - probably never. The loans dished out went to wealthy execs - even if the business did terribly, it kept the company alive....on credit.

So, you have assets like stocks & houses increasing like crazy. Companies with negative profit rising, based on trading speculation and the rich gobbling these up - both foreign & domestic. These prices may actually not come down.

Cheap stuff is offshored , and expensive shit that's done in America. This further exacerbates the economy, on top of tax evasions, loopholes, and insider trading that's rampant behind closed doors.

>>22487639
a lot of people are waiting what happens post election because of muah president, muah stimulus talks, muah fed policy. To be frank, it's unironicanlly mute as to who wins this election.
With Biden it prolongs the inevitable, with trump it happens quicker. We are in the midst of a monetary regime change and the people at the top are just trying to find ways to make it harder for the average person to rise up.

>>22487634
Was the biggest waste if time reading and you can't answer any questions because your IQ is less than Tyrique's

>>22487246
>>22487255

This reddit post >>22487017 was 6 months ago and they ditched their shadow banking deep-dive 4 months ago. The important parts are that repo market problems were happening before COVID-19 and are the primary reason for the crash in equities.

There is no way for normies to see the actual data of the repo market ops so it is hard to know its current status. What we can expect tho, is that the US Fed will have to be active in the treasury markets for some time. I suspect that primary dealer banks are the ultimate jews and actually hold the strongest hand here. I think they are able to manipulate the Fed into policy decisions that help their profitability. For example, banks are buying a shit ton of bonds while simultaneously tightening lending standards. This would eventually hurt private sector liquidity and force more QE, which will raise bond prices, which banks conveniently hold trillions of $ of on their balance sheets.

So puts on banks were bad move, as the Fed is essentially their bitch. The only caveat is if Congress changes the law to allow direct lending from the Fed (eliminate private banks in the middle) in which case we get inflation ++.

>>22486344
/thread

>>22487639
Its probably not so much speculation as it is just "smart money" being forced out the risk curve into equities due to QE.
Its Portfolio Balance channel on the pic rel.

>>22486265
The FED is pumping the stock market for the first time in history.

>>22487717
Speaking of monetary regime change, they tried to include this in the first March stimulus bill. Check out H6321 on congress.gov
>US Central Bank Digital Currency (US CBDC)
>Held direct at the Fed in FedAccount wallets
>Funding is literally printing $ (not bank reserves)

This would be a game changer

>>22486265
I got raped today and now I’m sad :(

>>22487914
why do you spoon feed idiots? They will never learn to do their own research. This attracts more retards, and more and more and more and soon this is /pol/ again

>>22488097
almost forgot, on 11 June 2020 they had the Task Force for Financial Technology give witness to congress about US CBDC:
>FedCoins can be interest bearing
>Can have NEGATIVE interest rates
>Can be used to bypass private banking system for monetary policy implementation

Better spend those FedCoins quick before they inflate away!

>>22488105
Where do the cool kids post so I can discuss macro?

>>22488183
bunker boards outside of /biz/, dyor

>>22486265
There is no economic madness.

>>22486265
Because the technological singularity is going to happen in America and it's gradually getting priced in to our stock markets.
This is just the warm up, nothing can keep our tech sector from exploding in value over the next 10 years, even pandemics, civil unrest, forest fires, corrupt politicians, economic shutdowns, nothing.
Nothing short of a nuclear war can derail this train for more than a few months to maybe 1-2 years in a very extreme case but even that is highly unlikely.
Get on, buy some TQQQ, enjoy the ride and get fucking rich.

alternatively, demotivate the mongoloids, call them faggots, and help pressure mods to go hard against crypto pajeets. Alternatively /smg/ is also okay, retards stay out of there

>>22488492

I bought HNCKF too early today

>>22487118
> over 45% mistrust it between mildly and very strong
is that a lot?

The economy adapted just like people did