/biz/ - Business & Finance

>>19672469
>>19672214
>>19672319
>>19672425
>>19672375
Thus far, I’ve focused on CLOs because they are the most troubling assets held by the banks. But they are also emblematic of other complex and artificial products that banks have stashed on—and off—their balance sheets. Later this year, banks may very well report quarterly losses that are much worse than anticipated. The details will include a dizzying array of transactions that will recall not only the housing crisis, but the Enron scandal of the early 2000s. Remember all those subsidiaries Enron created (many of them infamously named after Star Wars characters) to keep risky bets off the energy firm’s financial statements? The big banks use similar structures, called “variable interest entities”—companies established largely to hold off-the-books positions. Wells Fargo has more than $1 trillion of VIE assets, about which we currently know very little, because reporting requirements are opaque. But one popular investment held in VIEs is securities backed by commercial mortgages, such as loans to shopping malls and office parks—two categories of borrowers experiencing severe strain as a result of the pandemic.

The early losses from CLOs will not on their own erase the capital reserves required by Dodd-Frank. But the losses from CLOs, combined with losses from other troubled assets like those commercial-mortgage-backed securities, will lead to serious deficiencies in capital. Meanwhile, the same economic forces buffeting CLOs will hit other parts of the banks’ balance sheets hard; as the recession drags on, their traditional sources of revenue will also dry up. For some, the erosion of capital could approach the levels Lehman Brothers and Citigroup suffered in 2008. Banks with insufficient cash reserves will be forced to sell assets into a dour market, and the proceeds will be dismal. The prices of leveraged loans, and by extension CLOs, will spiral downward.

>>11760441
>gambling when that's all the money you have

>>1537296
...that is if you reinvested your dividends.

>>1439108

IDK let me ask my crystal ball. It will be launching for months nonstop, time to buckle in and hold

>yfw someone is going to take the suck dick meme very seriously and make millions

Lets really calculate this shit.

$1,000,000 per year is sucking 50 dicks per day at $50 each. $50 seems a bit high but it's a good number, simply double to 100 dicks per day at $25 each, same with the numbers below, if you think it's more realistic and your dick sucking skills aren't worth $50 per suck.

That's only one dick to suck every 20 minutes of you being awake if you're awake for 16 hours of the day. Does it really seem that bad to make $1,000,000 per year? I know faggots here would do this.

>>1351892
If that's true, fuck me.

>>1262050
>That's bullshit and you either know it or you haven't thought about the realities of such a situation for long enough

fixing that

>>1261798
0/10
would not recommend
if i could go back i would of picked a hard science or got a doctorate in econ

>>1210656
>us
>I had to drop out of college for (insert bullshit reason for being a pussy or not being able to afford it here)

just shut up OP

>>1201624
The only thing I've ever come up with and attempted on here is starting a company.

I rounded up probably 100+ /biz/raelis and we all chatted on for probably a few hours to get to know each other. I set up a form for everyone to fill out, practically like a resume but mostly with
>name, age
>what skills do you have that would be useful to a company

This brought the group down to about 40 people. We kept talking about what we wanted to do. We made a private forum to organize everything, made project groups for who wanted to be involved with with, etc..

It just doesn't work. Even if you're clearly the leader of the group, organizing and managing everything, everyone thinks they should be the CEO/president/swinging dick. I explain how we're going to actually become a legitimate company soon. Everyone gets butt blasted that there is obviously no fucking payroll because the partners would have to be the ones funding all of it being that we have no income for the business yet.


It just doesn't work. Some people didn't treat it like a job and they just fucked off eventually. Unless I already set up the company beforehand and I'm looking for bodies with skills relevant to everyone elses skills, I wouldn't bother trying to do this again. There has to be a lawful order.

Think and Grow Rich is 90% filler, same for 7 Habits For Highly Effective People. They're those books that you'd be better off reading a review of instead of actually reading.

48 Laws of Power and How To Win Friends and Influence People are perfect for understanding when someone is trying to manipulate you. If you're trying to manipulate someone who hasn't read shit like that, you practically can make them do whatever you want.

The Intelligent Investor is great and you're a dumb nigger if you don't read it before you start investing.

The Millionaire Next Door truly should be a required read for anyone who wants to become a millionaire. It's easily the best first book for anything related to money.

Shit like Rich Dad Poor Dad and MONEY from that 6'10" tony the tiger faggot are bullshit.

>>1172237
>>1177619

>stumble upon whale-only "manipulator" chat group via some guy on poloniex
>have to prove that you're a whale to them so that you can't take advantage of exactly how they plan on manipulating what market next and literally take their money
>photoshopped my balances in olympian-tier seconds so they all think that I have balances worth millions of dollars like all of them
>also have to prove to them that you actually have it by manipulating a market so they can see for sure
>"oh shit i'm fucked"
>go ahead anyway and my fucking luck some unknown whale they don't know happened to pump it, told them that was my pump
>they trust me, holy shit
>literally had like $1500 and have made $11,000 this week
>all i have to do is check their plan sheet that they post daily, know exactly what is going to happen to every single coin
>some poor 20 year old NEET who was suicidal a month ago
at this rate i'm making like $30,000 this month.

Delete this thread right now you fucking idiot.