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anime was right posted:japan never turned off its money printer and they're doing great! actually aren't they deflationary now, they definitely could do the "print fat stacks of money, give that poo poo to everybody" policy from that cute af leftist candidate
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Jan 4, 2021 03:32
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anime was right posted:if you look at the op from the last thread i was actually very wrong about everything no other thread had such posting evolution in these forums for all involved tbqf
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Jan 4, 2021 03:39
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gently caress COREY PERRY posted:isn't the answer the stock market? I thought all that money getting created was, one way or another, responsible for the crazily juiced number of the last decade plus kinda, sorta, etc there is a lot of shadow banking going on after all, wouldn't surprise me at all that the very rich are actually losing a lot more money through that in their absolute quest to escape taxes than just paying them entirely in the first place
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Jan 4, 2021 22:30
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Lostconfused posted:The end result is that it's still value being extracted from the public by capitalists. The mega rich are just redistributing that wealth to the somewhat less rich. precisely this
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Jan 4, 2021 22:40
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KirbyKhan posted:Pledge your fealty to a rich family now for a chance at a holding of your own after decades of personal service. well you know there is the hard plan b: learn mandarin, young maoists who are becoming the new rank and file of the CCP are revisiting the Great Helmsman's legacy, telling that Deng was full of it and that Mao presided over the greatest increase of welfare in Chinese history when revisiting the historical party and government accounts of the period corporate feudalism versus new agrarian socialism will be the cyberpunk of our time
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Jan 5, 2021 04:02
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from the Dakotas and Nebraska and Wyoming, spurred by the Red Star in the East, neomaoists shall wage a people's war against McKingArbys to deny their domestic food supply in the great american plain
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Jan 5, 2021 04:05
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Xaris posted:my problem is i can barely speak English or remember like 99% of the words out there? cursive is an alien language. half of the time these days im like uhhh wwhat was that word again.. gently caress my brain is rotting. oh well. *2 days later at 2am in the morning* OH poo poo THAT WAS IT comrade, if I can garbagepost in English, we can both learn to do so in Mandarin 前锋
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Jan 5, 2021 04:07
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Antonymous posted:what does 前鋒 mean here？ "forward" (if it is the verb or the noun though...)
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Jan 5, 2021 04:23
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Antonymous posted:it's the noun my man a-ha, many thanks (a loooooooooooooooooong way to go etc)
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Jan 5, 2021 05:46
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KirbyKhan posted:Which one let's me maintain a $100/mo budget on streamer patreons and onlyfans? the first but depends on which liege you shall take the oath of vassalage to
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Jan 5, 2021 05:49
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Stereotype posted:there are some things that i very much do not like about the chinese government but executing corrupt executives with blood on their hands is certainly not one of them the impression I have from my very limited knowledge on the matter is that the Party has a doctrine of "we get to make you loving filthy rich and you still decide to be a dumbass corrupt rear end in a top hat" which, being a communist party, has a lot of problematic implications so, being extremely harsh against those guys is both savvy and necessary from a cultural standpoint? (trying my best to avoid that pseudo-confucianism bullshit that goes in a lot of China commentary by dumbass reporters on subjects like this one)
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Jan 6, 2021 05:31
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Declan MacManus posted:i can’t believe there are people who read this thread who are actually investing and aren’t just waiting for the collapse but hey, different strokes you know? my reserve money is in a saving account (it is a different system in Brazil) right now because lol investing at these prices lmao
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Jan 6, 2021 16:55
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Nice and hot piss posted:So like...... are bad things coming? Because we've been saying bad things are going to come *VERY SOON!* for the past 2 years. we are already at great depression levels of unemployment in many parts of the world with economies in shambles lol
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Jan 6, 2021 17:43
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number loves fash never forget that time to bring out the Absolute Classic of the thread, cdax_stalingrad.jpg 
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Jan 6, 2021 23:05
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Mr Hootington posted:A majority of the jobs are never coming back ever. I think we are seeing a shift from a full employment attitude to a liquidate the excess human capital attitude. what full employment attitude there was before to begin with lmao
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Jan 7, 2021 16:56
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Centrist Committee posted:Elon Musk likely surpasses Jeff Bezos to become world’s richest person you fuckjng kidding mw phoneposting is perfect to demostrate my reaxtion
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Jan 7, 2021 16:58
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in econotalk basically you don't want full employment for reasons of wage-driven inflation, which is bad because it devalues investment (capital) and helps foster inefficiencies (labor being paid more than it """""should""""") of course, this poo poo is only valid in a free market capitalist framework which requires investment for anything to work which then leads to the hilarious consequences of monetarism and "independent" central banking: because monetary policy in the end is just policy for capital, the employment mandate of these entities is just a fictional appendage because they are effectively working against employment in the first place by ensuring stability of currency first and foremost
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Jan 7, 2021 17:30
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GoLambo posted:lol musk is going to be the richest man in the world because of reddit? given the psychosocial factors around market valuation of the last two years, why not investing in stocks for the sake of "I AM ALWAYS RIGHT" and "because it is going to own the people I don't like" is a far better take on human behavior than most economic and financial thinking
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Jan 7, 2021 17:54
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honestly in terms of contradictions there has never been such a time like this in capitalist history afaik TSLA is the greatest evidence of the fact
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Jan 8, 2021 15:29
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Big Mad Drongo posted:Uhhhh Musk is literally a real life Tony Stark, and superhero comics are the modern version of the great myths of antiquity, so Tesla is basically a company owned by Hercules. Why wouldn't Hercules' company be worth more than everything else put together? hercules' engineers jury rigging the car bios installation by individually hot-flashing each one in the assembly line because he knows best than them
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Jan 8, 2021 15:41
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Antonymous posted:buddy, you're thinking small time it will be so much apropos if tesla becomes the crack-ping for market failure
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Jan 9, 2021 18:59
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Dreylad posted:canada is already in that situation where a huge amount of the population has most of their wealth tied into gigantic mortgages because of our hilariously out of control housing bubble I come back to countries like Canada and think why and how the gently caress you get to gently caress up such a simple setup you got resources, a vast territory and a small population for it, all you need to keep things rock steady is a social-democracy taking care of the basics of course the answer is capitalism but you get my drift
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Jan 9, 2021 19:01
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trading algos and lots of computing hardware is what turned the major investors into ludicrous hogs in finance afaik indexed funds from any investing firm that has a proper computing setup for that is pretty much unbeatable in terms of consistency and results for the long term, simply because very fast trading micro-operations are absurdly insane in its ability to push prices in favorable directions while also being "free" because the value per operation of course never hits the point where it becomes taxable so these firms not only get to have better marginal returns but they also gain from charging higher administrative costs or yearly premium benefits should they beat the targets because of the taxation offset and major investing firms not playing with btc is always the main tell for me, they probably have back-office operations (the "gray market" part of the company lmao) for customers who are willing to speculate with it through the shop's mediation
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Jan 11, 2021 04:28
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Rutibex posted:i hope trumps ban is what triggers the tech crash. oh god that would be so dumb this so much god please edit: like, the cosmic poetry of such an event would be a theological proof for powers that be, come on
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Jan 12, 2021 04:54
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Greataval posted:This is such interesting topic like very few people say this part but American strategy is to prevent the rise of a eurasian hegemon that book was really good. well there was an Eurasian hegemon for a while that gave a loving huge good scare etc kinda similar thinking exists with some of the young bolsheviks in Russia, that to effectively employ their geopolitical force today and harness their territory, the country necessarily requires communist economic policies to do so. I am not aware of how far this line of thinking has gone since I heard about it, but seems that it outflanks Putin (and Putin-esque thinking) exactly where he is put as the stronger option basically megarails everywhere and lol sea?
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Jan 20, 2021 03:18
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Truga posted:nukular boat sounds cooler anyway continuing from the previous point: iirc the merchant marine of the ussr wanted nuclear container superships exactly to flex the poo poo out of the consequent logistical power
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Jan 20, 2021 03:50
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SchnorkIes posted:Nuclear is not going to be cheaper are you kidding me, you might burn $200M in fuel in the lifetime of a ship, a nuclear sub refueling is like $800M central planning
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Jan 20, 2021 03:55
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SchnorkIes posted:US nuclear ship stuff is all centrally planned and all ruinously expensive, and container ships are all pretty similar to each other. Complications posted:capitalists can't be trusted with farm equipment
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Jan 20, 2021 04:07
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bob dobbs is dead posted:the important thing for increased efficiencies is to make the ships bigger, which has been done already. the optimal is absolute fuckin units and we got absolute fuckin units listen up what if we want bigger ships bigger than that even bigger I am talking three thousand people village worth of cargo here
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Jan 20, 2021 04:14
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bob dobbs is dead posted:largest cargo ship in the world caries 25000 TEU about loving totally awesome that poo poo now lets go for MORE put a bunch of nuclear reactors on those binches and let them carry MORE redleader posted:what if we put these absolute fuckin units on rails  I like your style
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Jan 20, 2021 04:41
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Objective Action posted:A year ago we were all making predictions but I will go ahead and say that all of us were wrong because all of us were assuming some historical precedent with some tweaks would be how this would go. yeah, we are in completely uncharted territory in terms of conventional economic theory because there are literally - as far as I am aware from my days of uni as a student - no models at all in mainstream economics that predict or deal with this type of situation we are in maybe crisis theory will finally be the undoing of neoclassical economics because lol at any orthodox economist right now
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Jan 20, 2021 22:46
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Gio posted:wrap it up, dooms-dailures. your prophet likes profit. aaaah, that explains to me why he has a lot of good takes for a someone in finance: Sven is a Schumpeterian so I am going to ramble for a bit just because: "Creative destruction" is their thing and they have an interesting idea there, of a state capitalist action in seizing excess capital in what would be basically "micro-crises", because they are in agreement with Marx on capital being responsible for crises of its own making and self-destructing, but while a way to make a post-market economy into reality doesn't come along (ah, the reaction point of the social-democrat), better to harness capital instead the micro-crises would be akin to a small, controlled fire in a proper and ideal spot for agriculture than the loving berserk wildfire that ruins everything and does immense secondary harmful effects of a major structural crisis. If NUMBER goes up in a freakish way, there goes the state to cap it down and make investors go mad but doesn't spread to the general economy
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Jan 22, 2021 17:54
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OhFunny posted:If there's one thing you should never ask or listen to in the doomsday economic thread it's stock market advice. The thread has been constantly wrong these last four years. Clinging to idiot things like "Tesla doesn't make a profit or cars" or "the economy is hosed" yeah no poo poo who cares it doesn't matter. the thing is that the analysis here is top notch but applying the analysis for practical effect it infers will get you hosed. Like, it is materially sound to affirm that Tesla is a garbage company. The naïve part comes from thinking "well I am not going to invest in it because of that". The actual, historical-materialist application of that knowledge, the praxis if you will, is to understand that Tesla and others are being propped in ever more ridiculous ways that evidence how much of the "economy" is actually fictitious capital (or bullshit if you prefer) and actually realizing how to get money from that ironically, this is why some really good investment consultants are marxists or have marxist backgrounds (which is the most likely case): the immortal science looks at financial theory, gets to the part of "fundamentalist approach for stock analysis", goes lmao and gives it a swirlie because after that part, it takes immense amounts of ideology to not realize that most of it is bullshit, lol what the hell "marginal price point in 48w period is a reference standard for price estimation" get rekt
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Jan 26, 2021 16:12
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Not a Children posted:So how are rich people going to keep something like this from happening again they would have to suffer some quite sizeable cuts of their own, which is the hilarious part
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Jan 26, 2021 16:15
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dear god those ranges hahahahahahahhahhahahahhahahhahhahahhhahahhahhahaha
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Jan 26, 2021 16:37
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Danger posted:when the hedge funds have to actually cough up the stock there will be very little in the market to buy I am just interested in how these hedgers are trying to get rid of their contracts since the strategy in play is well-known, right? so nobody is going to buy those because it is a veritable mongol horde of investors to go against to make those short sells viable
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Jan 26, 2021 16:44
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Archduke Frantz Fanon posted:yeah wall street is going to let them flail lol if they cant figure out how to fix it welp guess you arent in the three comma club anymore. they can always add wsb to their reddit front page in addition to baseball and photography or racism or whatever old people use reddit for lmao oxsnard posted:i mean, when there's a massive short squeeze, poo poo falls back to earth eventually. It requires exponentially more new money every day to keep that kind of growth up interestingly enough it seems that money supply has fully entered the realm of fiction as of the last year
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Jan 26, 2021 16:52
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Gio posted:i really dont understand any of this. is it basically a bunch of nerds making bank off wall street vampires that bleed companies for all their worth? the scenario is pretty interesting: so a lot of people started using trading apps for stock investing, not expecting much. Then a pandemic thing happened, and then a group of people who would usually spend this money in things like entertainment, tourism and perhaps most especially gambling got in too. They had money saved up and disposable income to do a thing. As the American federal reserve went completely loving insane with the money printer, finance used the money supply being directly thrown at them to prop themselves and distribute that through credit to a lot of companies through the stock market, making the prices of those companies even more volatile as they are being basically propped by stock appreciation and who the gently caress cares about relevant pointers such as "how much did you sell in actual goods and services". So, the people with more of a disposable income and staying home decide to get in deeper and losing a bunch here and there, begin to study some of the actual moves that big firms and institutional investors do. Hedging is one of those, especially in the context of making bank with the liquidation of a major company, which is something that is happening because while NUMBER goes up, the actual competent people at finance understand that NUMBER has zero to do with material economic activity, so this is a time for a killing because a lot of people are going under. Lots of investors with substantial power hedging against vulnerable companies pretty much "forces" the hedge to become reality, as stockholders see these big fish coming up at them and they are in no position to hold the bag. Once that's done, all they need to do is wait. Then someone of the small investor group shouts out on reddit and elsewhere that one of these vulnerable large companies, Gamestop, is actually a good idea to buy now since it is so low and presents some arguments that are interesting. People are buying more games, they are staying more at home because of the pandemic and most importantly, new consoles are coming up, which was guaranteed to push the stocks up. This is a sensible opinion especially given the last factor. What happens, however, is that a lot of people start making small buys of GME, which push stock over the expected bounds, then everyone with some leftover of pandemic relief see the leap of value and think, "poo poo I can get some three thousand out of that?" and buy through their smartphone and suddenly, you are dealing not with thousands of investors, but hundreds of thousands of small buyers going against the Wall Street consensus over the company's value. The hedgers, the ones expecting it to fail, are now holding the bag because the price they expected the company to be at the moment they made the contract is way wrong than what currently it is, which is making A WHOLE LOT MORE PEOPLE get in because they are correct in thinking that if this works well, they are going to be far more comfortable in the immediate future as they make a bunch of paychecks become possibly a million or two once the margin call goes over, so the stock goes up even further. And here is the thing: the stock of GME is not being propped just by people buying their stock, but that's peanuts compared to the most critical part of this all: it is being valued far more by the payout of the financial firms and institutional firms who hedged against it in the first place. They are a financial Mongol horde going against other plundering assholes, and because they are so many, there is simply no play that can deal with that in the level that they are used to. The only straightforward way they could revert that is to bring up an absurd amount of money to buy the stocks from the horde. So, they are hosed.
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Jan 26, 2021 17:32
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oxsnard posted:yes, that's what happens. You're overthinking it. this, so much investment discourse likes to parrot about that the mentality required is of some ideal Carnegian capitalist visionary, gently caress that nonsense, especially in situations like this one: it is a raiding expedition but instead of a couple of guys getting the whole haul, a lot of people get a fairer share
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Jan 26, 2021 18:02
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oxsnard posted:me, a genius: "im going to identify the exact top of this bubble and get out in time, unlike all those other idiots" aaaah yeah this is important, don't try to be the one Who Gets The Perfect Time Just Right, you will suffer
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Jan 26, 2021 18:05
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