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and this time we have a hyper austerity focused government that is also a ok with everything breaking down into roving gangs of fascists!
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Jul 7, 2017 16:21
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etalian posted:lol lol if you bought canada house in 2015 you would be rich by now my friend who bought a house last year already made shitloads of potential $$$ if he sold but he's pretty much going "THIS IS NEW NORM"
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Jul 7, 2017 16:24
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Typo posted:lol if you bought canada house in 2015 you would be rich by now Good thing that housing is such a illiquid asset.
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Jul 7, 2017 16:27
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tech bubble is real but i think it's really centered in silicon valley. ie. if the bubble bursts it's mostly going to affect north california
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Jul 7, 2017 16:49
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unless state pension funds are being pushed into snapchat stock. i guess anything is possible.
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Jul 7, 2017 16:49
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uber and snapchat are the whales tho
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Jul 7, 2017 16:49
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Karl Barks posted:unless state pension funds are being pushed into snapchat stock. i guess anything is possible. problem is that that people will get spooked by it and do stupid crap which will drive the market down further
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Jul 7, 2017 16:52
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The carbon bubble is a fun fairly far off crash
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Jul 7, 2017 16:55
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Karl Barks posted:unless state pension funds are being pushed into snapchat stock. i guess anything is possible. Well the good news is Calpers at least started to rid of their Hedge Fund rip-off deals but still has a fairly large stake in private equity https://www.reuters.com/article/california-calpers-privateequity-idUSL1N1JG0XQ quote:In December, CalPERS announced that it would reduce its private equity asset class from 10 percent to 8 percent of the total portfolio in order to reduce some of the risks in the fund. Pretty hilarious how CalPers did so poorly in what is still bull market and their top level staff get big compensation packages
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Jul 7, 2017 17:04
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Karl Barks posted:tech bubble is real but i think it's really centered in silicon valley. ie. if the bubble bursts it's mostly going to affect north california it's mostly startup centers which is like silicon valley and a few other cities but most of those are in places with enough massive tech companies that they could probably absorb the job losses, I don't think all that many people are employed by startups but I don't have any data on this Microsoft is currently laying off several thousand people but these are mostly overseas sales/marketing people so I think big tech companies will be fine
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Jul 7, 2017 17:06
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biotech is also an area where there is a probably bubble, i know it's an issue here in boston
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Jul 7, 2017 17:33
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etalian posted:Well the good news is Calpers at least started to rid of their Hedge Fund rip-off deals but still has a fairly large stake in private equity that's insane - the harvard endowment had something similar, tho it was closer to 2-3% returns. not sure how they're managing to gently caress up that badly in this market
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Jul 7, 2017 17:33
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https://twitter.com/eliotwb/status/883368037293752320 https://twitter.com/Investopedia/status/879800251829305344 ^^ actually this text is confusing, snap is already well below it's ipo price also dropbox is supposed to ipo soon and that will almost certainly burst into flames Karl Barks fucked around with this message at 18:16 on Jul 7, 2017 |
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Jul 7, 2017 18:08
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Karl Barks posted:https://twitter.com/eliotwb/status/883368037293752320 the issues is if these stocks crash and burn there's going to be a sell mentality and the market is pretty loving inflated. we might get a small recession from that, or if this also causes an enormous hiring freeze and layoff wave, then things get tricky imo
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Jul 7, 2017 18:26
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Karl Barks posted:https://twitter.com/eliotwb/status/883368037293752320 Pro-tip public IPOs are for rubes since most institutional type money have already locked down a price for their shares far lower than what Joe Schmoe investor is excited to pay on launch day.
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Jul 7, 2017 18:55
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Karl Barks posted:that's insane - the harvard endowment had something similar, tho it was closer to 2-3% returns. not sure how they're managing to gently caress up that badly in this market Well Calpers does a active management type strategy for the investment and also for many years put big money in hedge funds even though management fees for such investments always eat up the overall net returns
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Jul 7, 2017 18:58
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Other than they think regulations are bad why are the republicans getting rid of Dodd Frank
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Jul 7, 2017 19:07
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Jose posted:Other than they think regulations are bad why are the republicans getting rid of Dodd Frank via wapo "The bill weakens the Consumer Financial Protection Bureau, for example, and repeals the “Volcker rule,” which restricts big banks’ ability to make risky financial bets. Big banks would face “stress tests” less often to prove they could survive economic turmoil, and regulators' ability to provide oversight of insurance companies or hedge funds would also be curtailed." basically dodd-frank makes it harder to gamble on securities and steal more money from the poor in ways like the wells fargo fraud case a few months back their dumb talking point is "it hurts jobs because small banks are burdened by the additional regulation"
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Jul 7, 2017 19:10
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tech bubble burst when
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Jul 7, 2017 19:15
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Karl Barks posted:tech bubble is real but i think it's really centered in silicon valley. ie. if the bubble bursts it's mostly going to affect north california I live over 100 miles east of the bay area and its pushing 350K for a sub 2000sq foot fixer upper. In a place that's at least 45 minutes from a major highway. Kill all tech workers
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Jul 7, 2017 20:44
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Predicting when the next economic crisis will come is like predicting when your grandmother is going to die You can be consistently wrong for a very long time but if you keep it up one day you will be right
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Jul 7, 2017 22:18
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My fav startup was that failed bus transport system Leap https://vimeo.com/122275278
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Jul 7, 2017 22:58
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My new startup will replace stoplights with alternative devices with a light gray (platinum) and white (fog) exterior like Apple computers. It will revolutionize how we automate traffic control at city intersections.
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Jul 7, 2017 23:06
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rudatron posted:Something something, that joe kennedy quote where he says when shoeshine boys are giving stock tips it's time to sell this is fact, and has aged massively well as a quote ( the existence of shoe shine boys notwithstanding)
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Jul 7, 2017 23:11
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I think the more modern warning is when all your cube-farm co-workers start believing the stock market is a full-proof way to make money or are talking about getting into house flipping.
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Jul 7, 2017 23:18
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etalian posted:I think the more modern warning is when all your cube-farm co-workers start believing the stock market is a full-proof way to make money or are talking about getting into house flipping. yes, and the latter is definitely already happening
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Jul 7, 2017 23:19
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etalian posted:I think the more modern warning is when all your cube-farm co-workers start believing the stock market is a full-proof way to make money or are talking about getting into house flipping. i have to consistently warn my mother against house-flipping, who still thinks its a great idea when you dont have excess capital to fall back on 
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Jul 7, 2017 23:19
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anime was right posted:i have to consistently warn my mother against house-flipping, who still thinks its a great idea when you dont have excess capital to fall back on it really isn't unless you have that excess capital; there is no way of knowing when you won't be able to sell the house because no one is buying you will be losing money if you time it wrong, and if you have no excess capital you are in deep water Lindsey O. Graham fucked around with this message at 23:30 on Jul 7, 2017 |
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Jul 7, 2017 23:26
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clinkle is still the best insane start up story imo https://techcrunch.com/2015/05/15/clunk/
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Jul 7, 2017 23:29
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wrong thread
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Jul 7, 2017 23:33
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Theranos was pretty good story as well especially how it had random people like Kissinger and Gen Matthias on the board of directors. 
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Jul 7, 2017 23:34
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etalian posted:Theranos was pretty good story as well especially how it had random people like Kissinger and Gen Matthias on the board of directors. Dr. Stevie Jobs
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Jul 7, 2017 23:40
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For the last decade the biggest returns for the Yale Endowment was their private equity investments.
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Jul 7, 2017 23:49
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juicero, but for urban transport
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Jul 7, 2017 23:51
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logikv9 posted:juicero, but for urban transport The Hyperloop project?
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Jul 8, 2017 00:29
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The BRICS economies will save the west through the New Development Bank and other such initiatives.  Thank you BRICS!
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Jul 8, 2017 03:15
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they have no incentive to do that, and the BRICS are all going to be in trouble themselves
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Jul 8, 2017 04:54
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BrutalistMcDonalds posted:My new startup will replace stoplights with alternative devices with a light gray (platinum) and white (fog) exterior like Apple computers. It will revolutionize how we automate traffic control at city intersections. traffic buttons are going to be cut from a single aluminium block
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Jul 8, 2017 04:56
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Actually, thinking about it, the similarities between art deco and apple poo poo is like, uncanny now it's time for modernism and socialist realism to make a comeback
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Jul 8, 2017 04:57
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Let's amass technology and form the Brotherhood of Steel. It's the only logical thing that we can do.
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Jul 8, 2017 05:10
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