/biz/ - Business & Finance

Full disclosure, I work for a really big bank so of course I am biased but the argument I'll make here is entirely logical, based not even in my own experience. I gather that a lot of people hate the FED and big banks because they have unchecked power over the direction of the economy which they use to benefit themselves in legal ways. For example, if you are the FED then you can decide when to print money and, more importantly, which assets to buy with said money to essentially bail out the holders of those shitty assets. And, of course, the FED didn't print money to pump your bitcoins, or to pay your mortgage. The question is, of course, if this is bad and if this should be allowed. Let's go one by one:

>is this bad
I think this is just a meaningless question. Nothing is bad or good, what matters is the logic.

>should this be allowed
Well, think about this: even before the era of modern financial markets, there had been economic crashes. Money holders can act irrationally, the economy of a little nation can even be affected by the random effects of natural disasters, war, etc. In a sense, it is the FED and big banks like JP Morgan Chase's job to look over the economy and protect it. But protecting the economy is not an economic activity that itself can bring revenue, and thus no one has an incentive to do it. After all, if you fix an economy you can't then go on eBay and sell "fixed economies" for profit. So, if this is the case, why would anyone be incentivized to have the job of Protector instead of focusing on other real revenue-generating economic activities? Well, the incentive is this: by being the Lord Protector, you can sometimes enrich yourself by buying your own assets. (Well, really is having your cousin's uncle who works in the FED buy your assets, but you get the idea). This is the profit, this is the incentive.

And, given that you are not communist bastards, you must logically agree that it is okay for the FED to bail out big banks.

>>16140542
You sound all smart and shit. Where did you go / what did you read to get so smart about the markets? Please help a brainlet out.

>>15862424
Can I have Link to the discord?

I'm an analyst for a too big to fail bank. AMA. If you care.

poor boomers getting wrecked by ge

Some earnings plays I'm doing for next week:

>Weight Watchers (WTW) Monday
It's actually a secret meme stock. Up 300%+ over the last 12 months and popped 20% last earnings. I think they can keep it going with their new CEO

>SINA Tuesday
Chinese social media company, they've been down for the past few weeks because of fears over changes in the chinese govt or some shit idk. The chinamen love to forge numbers and do asspulls go get beats, I feel like they'll do it this earnings coming up to get their price back up to snuff. It's not like BABA where it had a run up.

>SNAP Tuesday
Risky contrarian play. A sizeable amount of people see this as a good short. If SNAP beats or breaks even, (((they))) might manipulate the price to cause a huge short squeeze to make the price pop for profit. I'm only buying a small amount though since it could also just keep dropping hard as usual.

What are your guy's plays for next week?

>>1587234
With the exception of basic entry-level accounting work, almost every degree is worthless without some sort of "experience". Since 6 figure jobs for economics majors are far and few between, your best bet is to suck up to your boss before even working there.

The fellows at the top are most likely rapists, so you might at least lube yourself before getting fucked in the ass.

Masters or Guaranteed graduate role?

Hey /biz/ I'm just about to finish my internship at a well respected Canadian information and news MNC. Theres a high chance I may get a graduate program although they're pretty adamant that if i go to the assessment center next week I have to accept as it would be unfair to other graduates.

Id like to do masters but im unsure what id do it in. Perhaps i could take an MBA later on in life if i did the program.
The thing is i literally just turned 20 and joining the professional workforce at 21 seems a bit young.

I need some tips /biz/.