/biz/ - Business & Finance

>>56471305
their last 3 bond auctions have been abject failures are you truly paying attention?
We've had a couple jumpers already in the risk management offices.
Normal paradigm is a ~50% drop that is within the normal boom and bust cycle.
an extraordinary crisis is a 60% drop. only happened once before.
New paradigm is civil war level shit.
Nigs were the collateral that went to 0. which meant the plantations went to 10 cents on the dollar. At the stroke of a pen. The banknotes of the north became worthless and when they went to foreclose on the southerners they were shot. So they raised an army.
Maybe you can argue AI has replaced the chinaman and the indianman, but its equally likely to have replaced the American man who deals in services.