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skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.
healthy economy

I bet people he's close to have short positions

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skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.
...what for?

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

Knight posted:

I'm going to make a daring prediction that the thing that's scaring the vampires that invest in the markets isn't Trump's tariffs or trade war or fed rate change, but the reported wage growth.

Because they don't earn money from wages and that's just more proof of labor taking money that rightfully belongs to shareholders!


Hmmm, maybe if people have more money to spend they'll use it to fuel this consumer econo-

:qq: MY DIVIDENDS :qq:

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

Tiler Kiwi posted:

nobody cares if a ceo destroys a business, only if shareholders got fat dividends

they don't even care if most of the shareholders got left holding bags of poo poo and killed themselves off the fumes, all shareholders know they're too smart and ruthless to ever be taken for a ride. survival of the fittest fuckers shark stops moving they die just gotta be a winner ha ha ha *ODs on cocaine to escape gambling debts after number hiccups*

I move numbers signifying money around in a computer network. I'm so smart and important :smug:

We need to rig the entire society so it makes these numbers go up.

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.
Capitalism means the same tool in the same factory can be produced with different names and price points. This is efficient


HiHo ChiRho posted:

This is slander of the highest order. Number is merely going the opposite of up so the opportunity to buy can make number go up even more than it would otherwise. Smdh

thanks to the short sale even when number go down , you still make money!

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

But if you owe a student loan, best believe they’re getting that money

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.
But pressuring the FR to lower rates for political reasons is a-ok. No manipulation, no collusion

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

Nuclearmonkee posted:

7% triggers a halt I think?


But what about let the market decide?

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.
number.... go up?

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

Truga posted:

every day number goes up i smile, sometimes laugh even, because i know.

i know the higher they fly, the harder they fall

They make us pay for it though with layoffs and bailouts. They hedged and short sellers and failing that simply just plain more money.

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

CodeJanitor posted:

how's the global smash 'n' grab operation going? oh they are at the "rearrange the chairs" stage of failure coverup

Disaster Capitalism :eng101:

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

Rated PG-34 posted:

you have the freedom to work or starve unless youre some blessed individual

Moving money around is very vital and important. It's the most important job ever and if you disagree you're a communist.

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.
The 3 pronged assault of climate change, resource depletion, and the collapse of the casino game cum economy is going to be the mother of all trainwrecks.

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.
Strong fundarinos

Polo-Rican posted:

men who control number make money when number is up, so they make number go up—even if the number definitely should not be up.

Consequences are only for the little people.

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.
Miss a credit card payment once because you forgot: Ooooh that's bad we're going to lower your score. You're so irresponsible.

Allow personal information that you have without consent leak: lol. Nobody goes to jail, the peasants get a couple bucks. They're allowed to continue to operate.

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

quote:

After a surprisingly weak growth forecast in this week’s earnings report, Facebook’s stock price dropped 19 percent today. The decline, which erased about $120 billion in market value, is the largest one-day drop in the history of the American stock market.

Facebook shares fell as much as 23 percent in after-hours trading Wednesday, when Facebook reported its second quarter earnings. While revenue increased 42 percent in the quarter, it still missed analysts’ projections.

:wtc: :psypop:

Number is logical. Number is life.

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

Number is broken. Can you lower interest rate and make it go?

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

MiddleOne posted:

That's not entirely correct. He's basically just abandoning outright the idea that the climate goals (say 1.5 and 2 degrees) will be met. That they will be overshot and it will be awful, but some kind of new normal will be established regardless out of regional self interest.

I keep reading that we're already at 2 degrees, if not right this second then with the feedback loops and emissions, and we're not exactly even close to kind of maybe doing anything about it.

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

wilderthanmild posted:

Does China have any real incentive to make a deal with Trump? They don't really need to wait out the whole US economy in this trade war, just Trump's presidency. Prolonging or even escalating the trade war probably results in him out on his rear end and his opponent will likely make ending the trade war a point of their platform.

I think they'd likely only make a deal before the election if Trump offered them a lopsided deal just so he could tweet about "winning' the trade war.

Nope. Unlike the US they have a population that still remembers a lower standard of living, has no pesky elections, and suppresses the hell out of them as a matter of course.

The US has a lot more to lose going toe to toe with them. Sure, our standard of living has been gradually getting worse, but we won't abide a sudden drop like that. We pride ourselves on an illusion of prosperity and hate when that's pierced. That would cost Trump the election, at which point China can negotiate favorable terms with someone more reasonable.

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

OhFunny posted:

I don't think anyone's mentioned in this thread, but every German bond yield is negative and almost every Japanese one is as well. In fact $15 trillion dollars worth of bonds have negative yields. Which is 25% of all bonds world wide.

No no no,not that economics.

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

Sheng-Ji Yang posted:

eventually it will crash the markets tbf, this insanity is just making that crash harder. which is good.

It's good, except the elite will just catabolize the working class to continue to extract the amount of wealth to which they're entitled.

Number go way up: Can't distribute it, that's socialism and unfair

Number go way down: Have to cut jobs and distribute the loss, it's only fair.

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

Shear Modulus posted:

one of my favorite onion headlines of all time is "dow jones plunges on news of dow jones plunge"

I’ve seen such headlines be the up or down version with trade talks as the cause flip like four times in the same day.

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

Totally IFRS compliant.

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.
number is broken. can you make it go?

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

Asproigerosis posted:

gently caress GE they make such lovely MRI units. Why are basic imaging parameters locked behind a software DLC paywall you cunts.

Siemens is my MRI spirit animal

On the other hand, GE healthcare’s hold music is the best.

They also make their careconnect gateway only startable by their support and charge you after business hours. Went down because of a power failure? gently caress you pay me

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

Dumb Lowtax posted:

Word of warning, if you think your house/car/condo is insured right now it might not be. There are signs that major insurance companies are realizing that if they all just stop paying out claims at once, no one can do anything about it -- partially because it's illegal (or against mortgage contracts) not to have insurance. The money that's rightfully yours to pay for a covered repair might not be coming.

State Farm has started blanket denying every single claim regarding covered house foundation leaks, regardless of the claim's merit. My public adjuster has had to stop taking State Farm clients with that issue because there's no legal remedy and State Farm doesn't budge on it.

Liberty Mutual was bought by Safeco, and they're starting to issue soft denials (not formal ones that they're legally responsible for) and clamming up on a large number of clients, at least the ones who have the same public adjuster as me. Not something he has seen before with them, and they were allegedly a good company before the Safeco aquisition. Liberty Mutual is now spending all that money on masses of stupid ostrich ads on TV to get more customers instead of paying any of the existing customers now. Sounds like a grab and run move on the part of the CEO.

I’ve pretty much accepted that insurance is a just another grift. They have no intention of paying out and no one will hold them accountable if they don’t

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.
Note to whoever mentioned the book Griftopia.

I got it and I'm enjoying it, at least in as much as it can be enjoyed.

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.
Piracy is both easier and harder since 2011. It's harder because they're way more active in sending notices to ISP now, so a VPN is basically mandatory. No more just rolling up to a public tracker in the clear and draining it dry.

I actually stopped pirating shows since I'd rather pay a bit and just have it available rather than have my computer running a Plex server on top of the TV and blah blah blah. And since my legit content is plentiful, I don't really have time for anything more than that.

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

Epic High Five posted:

all wealth springs forth from tax advantaged spending accounts made available to small business owners

Can we like, not have high deductible health care plans?

Nah, best I can do is a tax advantaged savings account so Wall Street has more money to gamble with.

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.
Only peasants are accountable for their mistakes.

The agency that made themselves the arbiter of your trustworthiness can get your data stolen and... no accountability whatsoever :v:.

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

Those fires were set on purpose by cattle ranchers to tell Bolsonaro they were ready to work.

I guess hicks are vindictive, selfish cunts the world over. Like rolling coal writ large.

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

Nuclearmonkee posted:

Just had this from GE and now Disney. cool. Open secret is that pretty much every major corp does this because when you tie senior management compensation to stock performance and stonk likes it when you say number is up, the incentive is to just lie as much as possible to inflate number

And when rich people crime is basically a freebie, why not?

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

anonumos posted:

Number is fundamental, and we never lie about fundamentals.

But what about the fact that people can't really pay their bills between rent, student loans, healthcare....

No no not that fundamental.

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

Bulgakov posted:

in 2019 its time for a reboot of "the gods must be crazy" but instead of a coke bottle its a smartphone with satellite internet reception that just shows a graph of number going up and down and all around with no regard for reality while the people who picked it up find their material conditions being lit on fire at every opportunity and their community demolished physically and spiritually






:negative:

Well everyone, The Number (PBUH) had a bad few months so we're laying you off, get out.

But we're not even publicly traded and don't interact with the industry who's bubble burst.

THE NUMBER SAYS ECONOMY BAD NO MORE WAGE GET OUT.

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.
number up tomorrow because lol gently caress poors.

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

wilderthanmild posted:

Manufacturing index Indicates a recession. DoL says their job growth numbers were a lie. Yield curve inversion continues. Housing market is slowing.

But nevertheless, number struggled upwards.

No no not those fundamentals. Those other fundamentals are stronk.

OhFunny posted:

A pullback in US consumer spending.

You mean you can't both increase rent seeking from landlords, healthcare, and education and pay everyone the absolute bare minimum while still depending on a consumer economy?

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.
number pining for the fjords of Greenland

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.
Perusing my stonks app to check in with glorious number.

According to ABC News "US stocks climb amid sings of a thaw in US-China trade war".

What loving thaw exactly? The babyman has been ordering companies to bring their manufacturing back to the US and threatening unprecedented government intervention via a fake national emergency all weekend.

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

Dumb Lowtax posted:

Wow.... Wall Street believes number can not only survive emergency powers being used to cut out our biggest trade partner, but even go up as a result.

I'm... actually kind of starting to believe in number too you guys

this is a thaw in the trade war you see :downsgun:

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skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

ScrubLeague posted:

I also have Raytheon shares. You'll never go broke betting on corporations destroying lives.

The Defense industry has the government on lock.

If you can't beat the kleptocrats, might as well try to catch a few crumbs falling from the table? :shrug:

(I do not have any positions in these companies myself)

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