/biz/ - Business & Finance

>>11530009

>>11513706
short everything.

>>11483080
>mfw pre 2017 /biz/
the true golden age

>>11480385
>>11485506

>>9464484
>What was /biz/ like back in 2016
most of the threads started like this
"How fucked is a 30 y.o. with $50,000 in student debt and a degree in English? Asking for a friend."

the threads consisted of
dropshipping
affiliate marketing
physical metals
$1 billion inheritance LARP
NEET vs wageslave


https://youtu.be/6Hv-SDEwXP4

it was a pretty fringe board. it took like 24hrs or a few days for threads to die.

>robinhood
>janet yellen
>tai lopez
>firm handshake
>shkreli
>trumpcoin

>>8523445
Peter Schiff was right once again, THE REAL CRASH IS COMING

hey /biz/ how do i get rich without working hard?

>>4881353
so then what is the true value of 1 btc?!?

i hope yall niggas ready 2 sell tmr

>"hurr biz I have 20 dollars how can I make 6000 dollars before next month?"
>some newfriend thinks he's got "the best app idea ever" but doesn't know how to program
>a thread where some dudebro shills his FOTM cryptocurrency
>20 other threads made by the same guy, shilling the same cryptocurrency
>that one forex thread, you know the one
>inheritance thread number six gorillion
>"hey I have no skills, dropped out of high school, and don't want to work. How do I become rich?"

The same shit everyday, why the fuck don't we have a sticky? Why the fuck don't we have mods?

Why is this board full of NEETs and high school dropouts who think they can somehow become millionaires without working or learning skills?

>>1371441
Most of that is interest rate swaps. I'm no expert on this, but this is what I thought was going on:

In an interest rate swap, we decide on a notional value for the contract. Let's say it's 1 million dollars in this case. Now, in our swap, I pay you 2% of this, and you pay me a floating interest rate. This way when interest rates go up, I profit, when interest rates go down, you profit.

Now here's the deal: this way we both have a derivatives exposure of 1 million dollars, but in reality only a couple of thousand dollars gets exchanged between us.

I made this thread to ask /biz/ whether DB has also sold credit default swaps on Italy and Greece debt, but got no serious response yet. If you want to learn about credit default swaps I recommend you read "The Big Short", or watch this video: https://www.youtube.com/watch?v=mZC6WCE5Bj4

So what's the best graduate degree to get your foot in the door at a Wall Street firm nowadays?

Let's talk about Deutsche Bank. How fucked is it?

>pls include sauce where possible. Thanks :)

No retail level forex trader is doing anything but gambling on the outcome. There is an opportunity to make a killing, but it is a relatively dangerous bet.

Discord here:

https://discord.gg/014ltGikYSyiJX1xG


https://discord.gg/014ltGikYSyiJX1xG
https://discord.gg/014ltGikYSyiJX1xG

FED MEETING IN 10 MINUTES

T E N
F U C K I N G
M I N U T E S

THE DAY OF RECKONING

>German bond yields reach negative
>over leveraged x40 in their derivatives exposure
>made billions of credit swap deals by buying up the national debt and bad credit rating of collapsed european countries like greece, spain, and iceland.
>SEC at their door giving them billions in fines
>lost 7 billion last year
>set aside 12 billion for SEC penalties
>realizing losses on derivative exposure
>misreporting derivatives losses (under SEC investigation as a result) during 2008 crisis and 2012 euro crisis
>stock value plummeting
>executives leaving company
>wants to stop operating in a number of countries
>says they cover their 74 trillion dollar equity gap with CoCos (utter bullshit)
>other investment banks bought up their derivatives exposure

AND THE FED MEETING IS TOMORROW

AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

REMINDER

IN THEATERS JUNE 15 AFTER FED MEETING