/biz/ - Business & Finance

Stfu nerd who cares bout knowing all goddamn nerds with glasses for sure

>>56177434
It's not about understanding it for itself, it's about making the right decisions with your money, you wouldn't understand it though

>>56177428
I think it’s got a lot better the last twenty years since there’s a lot more data available and being recorded. Before economists had to go off some meme shit like how many steaks and sneakers were sold before Halloween.
But no both economists and stimulation models can’t predict every facet of every market and its relation to other markets. They can have a very good idea of the whole thing overarching but it could be easy for them to miss how some cobalt mining operation in Montana has an effect on the Nova Scotia lumber industry

>>56177428
The point isn't to understand all of it. The point is to understand enough so that you can make smart decisions. But I agree that the economic jews like Schiff and Kruger are faggots.

>>56177428
I need to see this man's tits.

>>56177666
checked

>>56177428
Hand-sculpted for BWC.

>>56177428
Good point. How many economists are filthy rich? Shouldn't they be millionaires at the very least? If they fully understand the mechanisms of the economy and make it their life's work, surely they can turn that knowledge to their advantage, right?

>>56177428
>unlikely that any SINGLE person understands all of it.

i do the equation is easy

((net immigrants) x (annual inflation)) x big gay coefficient = change in economy

>>56177428
economics endeavors to understand and model aggregate psychological behavior of market participants (subhuman nigger cattle.) it's no different from any other social science: you can dress it up with abstractions and reductions and mathematical formulations, but at the end of the day it can never and will never stand up to scrutiny.

>>56177428
I understand it all :) I'm gatekeeping it though :)

>>56177428
feelings are gay. we don't need them

>>56177428
I think yes, but if you do, whyd you tell everyone instead of making yourself rich lmao

i want so suck him off

Person / group A gives B money in exchange for a produc, service or use of an asset. The government taxes people for transactions, income and ownership of property. Banks give people money but want to be paid back an amount higher than the initial loan, and they get that money from the savings accounts they have. Credit card companies get a cut from transactions using their plastic. Investments are a thing. Black markets are a thing. Different countries have different currencies. Inflation is a bitch. You can make money from a job or a business.

The fuck is there to NOT understand? Stop spending so much time in the academic/ intellectual/bookworm perspective, go out, and get some street smarts for fuck sakes.

>>56181286
>t. literal frog in the well

>>56177428
You're not meant to understand all of it and trying to do so would drive you mad, at least if you're talking about the microscale and exactly how every little thing works. On the macroscale it's not that hard to understand, from bonds to futures to stocks to crypto to swaps and any amalgamation thereof. Frankly if you get good enough at understanding the macroscale you don't need to concern yourself with the microscale other than in a specific field you enjoy or prefer.

>>56177428
I don't need to understand it to make money. I just need a lot of free time which I have

>>56177428
I'm sorry but I will not study pseudo science that is social science. If you study economy in school you're basically a brainlet, that's a fact. :D

>>56177428
most of the "economy" is fake and money is fake. thats it