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I don't really know anything about economics but it's been about ten years since the last economic collapse in the US and it was less than that between the tech collapse and the housing collapse. What was before that, was it the savings and loan thing? Anyway, we are on the verge of another housing bubble collapse and another tech bubble bursting, plus the zillion dollars of student loan debt. Are there more bubbles in recent history or is this normal? Is it a symptom of late stage capitalism?
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May 22, 2017 04:57
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https://www.youtube.com/watch?v=waltJ8nVVN4
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May 22, 2017 05:04
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stereolab is so fuckin' cool and good
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May 22, 2017 05:10
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*Trump sample Vic Berger always uses* 'S true!
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May 22, 2017 05:11
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Don't derail my thread bradley
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May 22, 2017 05:12
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llllllllll posted:Don't derail my thread bradley open your ears and learn to spell
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May 22, 2017 05:15
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llllllllll posted:Don't derail my thread bradley Mods?
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May 22, 2017 05:20
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Marx observed the tendency for capitalism to have a recession about once a decade, it was the post war period and end of history phases in Europe which were the anomaly.
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May 22, 2017 10:35
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bubbles are shaped like orbs makes you think
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May 22, 2017 10:36
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Yes The 0.1% have so much money that anytime an investment comes along with better than interest returns immense amounts of money come sloshing in, distorting and inflating a bubble Investment houses make money as they are the gatekeepers for this sorta investment, and they can use their unique privileged position to "manage" the bubble Matt Tabbiti (sp?) likened it to taking bets as to when a watermelon tossed out of a 40 story window will hit the ground
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May 22, 2017 16:48
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The other thing to remember is that interest rates are rock bottom pretty much everywhere, so there's no money to be made in savings. The only thing to do with your money is stick it in the stock market or venture capital which is why there is so much money sloshing around in both while most people are flat loving broke.
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May 22, 2017 17:23
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bubbles are fun to pop 
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May 22, 2017 17:24
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Nebakenezzer posted:Yes Do you have a link to the Taibbi piece?
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May 22, 2017 17:34
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Why are we assuming tech is a bubble again
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May 22, 2017 18:07
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shovelbum posted:Why are we assuming tech is a bubble again 
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May 22, 2017 18:09
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VC has more money than they know what to do with, better continue letting them shovel it into pointless gadgets for the wealthy
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May 22, 2017 18:10
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Karl Barks posted:VC has more money than they know what to do with, better continue letting them shovel it into pointless gadgets for the wealthy That's the only remaining consumer base?
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May 22, 2017 18:12
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shovelbum posted:That's the only remaining consumer base? ah gently caress
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May 22, 2017 18:13
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shovelbum posted:Why are we assuming tech is a bubble again Why are we assuming tech is a Bubble again, I ask, laughing nervously from the mancave (that's what we call the IT office)
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May 22, 2017 19:06
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the tech market is saturated with startups who want to make a business that does ok for a few years and then sell off to idiot venture capitalists for hundreds of millions. when at some point rich people start wising up that hey, actually these services aren't providing nearly the return we want, that sector is going to crash hard uber will probably be the catalyst
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May 22, 2017 19:39
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there's a pop bubble thats bound to pop too many generic brands of cola out there
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May 23, 2017 02:44
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mormonpartyboat posted:there's a pop bubble thats bound to pop Ive bet my life savings on Dr. Thunder winning the Generic Cola Wars
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May 23, 2017 02:55
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MikeCrotch posted:The other thing to remember is that interest rates are rock bottom pretty much everywhere, so there's no money to be made in savings. The only thing to do with your money is stick it in the stock market or venture capital which is why there is so much money sloshing around in both while most people are flat loving broke.
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May 23, 2017 02:55
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Wait, poo poo, is RC Cola considered a generic? I may have hosed up
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May 23, 2017 02:55
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I just buy the sugar cane cola at the whole foods.
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May 23, 2017 03:16
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the idea that there is a tech bubble is a combination of wishful thinking and resentment
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May 23, 2017 03:16
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I mean, not all of tech is a bubble. A lot of the B2C stuff definitely is, though. There's a finite amount of money to be made off of advertising to the Average Joe.
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May 23, 2017 03:19
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LinYutang posted:the idea that there is a tech bubble is a combination of wishful thinking and resentment Can you please make more than a drive-by shitpost (use a period, Jebus Christ Dave) or at least show us your credentials as an Economist reporter?
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May 23, 2017 03:19
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im shorting emulsifiers in anticipation of e-cloud driven bubble wands
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May 23, 2017 03:21
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call to action posted:I mean, not all of tech is a bubble. A lot of the B2C stuff definitely is, though. There's a finite amount of money to be made off of advertising to the Average Joe. not all of tech is a bubble in the same way there were people living in houses in 2008
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May 23, 2017 03:22
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May 23, 2017 03:39
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also whats so scary about 2008, all those houses are worth like at least double what they were the day b4 the bubble popped it was a hiccup and if you didnt lose your house you made a mint
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May 23, 2017 03:40
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capitalism has a lot more stages to go after this one, wait til you see the one with the CEOs made of pure hydrogen cyanide gas
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May 23, 2017 03:44
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Would love for the housing bubble to pop before my wife and I try to buy something next spring but I'm not holding my breath. A bubble is just an orb with a hollow interior.
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May 23, 2017 03:46
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tacodaemon posted:capitalism has a lot more stages to go after this one, wait til you see the one with the CEOs made of pure hydrogen cyanide gas The next stage is tweets become the new monetary standard and Dril rules over all
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May 23, 2017 05:01
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balloons are like bubbles
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May 23, 2017 05:07
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[w/ fingertips of both both hands frantically scanning the surface area of pig entrails,]: Reply hazy please try again 
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May 23, 2017 05:10
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It's really more like bubbles are returning to their natural frequency in the absence of macroeconomic policies designed to prevent and mitigate them. If you look at the economic history of the 19th century, it was just a long string of market panics every decade. Sometimes recessions occured within a couple years of each other.
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May 23, 2017 07:52
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I'm forever blowing bubbles, Pretty bubbles in the air, They fly so high, Nearly reach the sky, Then like my dreams, They fade and die.
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May 23, 2017 08:48
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Hopefully we're in a capitalism bubble
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May 23, 2017 08:53
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