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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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17815960 No.17815960 [Reply] [Original]

This is a digital market crash in the truest sense. There is no hurricane destroying houses and infrastructure. No bombs are leveling cities that will need to be rebuilt. No earthquake or tsunami is destroying real wealth. Keyword real.

Digits in computers are making people sad. That's the extent of this crash. Yes, people are getting sick and not working as much. Yes, people will miss work days. Schools will close. Some old people will die and pass their inheritances on. Some boats are delayed and factories are not making widgets.

And when it passes, roads, bridges, tunnels, piping, electrical grids, factories - everything will still be there. Everything.

The market, when it bounces back, is going to bounce back so much faster than most people currently realize because this is such an unprecedented natural disaster in the information age that its behavior has never been seen. And what hasn't been seen, small minds have trouble imagining, and hence predicting.

The stock market will continue to crash - for now. The digits will make more people even more sad. Some people will have some genuine hardship, and for most, their landlords will say "ok I understand, we'll figure it out later after all this passes." Measures will be passed for clemency to most debtors made during this crisis - because the red digits didn't actually destroy anything. Bailout digits will be created to cancel some debt digits. And then it will all be over.

Screencap this post. When it's over, it will be the greatest stock buying opportunity of your lives. It's NOT over yet, but just wait. The dawn will come and you'll be kicking yourselves if you don't get back in at that time.

>> No.17815977

>>17815960
Ding ding ding we have a winner

>> No.17816016

>>17815960
tell me what I should buy after the crash

>> No.17816067

>>17815960
again this thread

>> No.17816095

>>17815960
Dude ill be buying BitCoin not clown stocks

>> No.17816114

>>17816067
this copypasta will be plastered here for days. Shizo retard spergs with OCD can't help themselves

it's the /biz way

>> No.17816119

Corona is going to stop society for months. There is so much room to fall.

>> No.17816483

>>17816016
>>17816067
>>17816114
>>17816119
OP is 100% correct. As usual the masses are wrong (you)

>> No.17816958

>>17815977
Yep

>> No.17816968

>>17816016
Anything but this >>17816095

>> No.17817171

>>17815960
Bump

>> No.17817207

>>17815960
>and for most, their landlords will say "ok I understand, we'll figure it out later after all this passes." Measures will be passed for clemency to most debtors made during this crisis

Lmao delusional. See you at the unemployment queue faggot.

>> No.17817219
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17817219

>>17816016
Cruise lines

>> No.17817248

>>17817207
>t. seething landlord
If you think people are going to prioritize rent over food and medicine you're in for a surprise

>> No.17817286

>>17817219
gone a bit overboard on the cruising bit there

>> No.17817306

>>17815960
Yea this system wont fail.

>> No.17817311

>>17817219
SHOOT TUBE TWO AYE SIR

>> No.17817314

>>17815960
>their landlords will say "ok I understand, we'll figure it out later after all this passes."

yeah fuck you. they have to pay taxes, maitenance, credits and so on. get a life rentsucker!

>> No.17817356
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17817356

>>17815960

Yeah but there is a fucking virus spreading so the entire shit you wrote went straight into the trash. Seriously man? Fucking imbecil.

>> No.17817382

>>17817314
See >>17817248
Rent parasites are the first to get ignored. It's part of the risk. Good luck evicting in a pandemic.

>> No.17817385

>>17817314
JUST needs a govt. law, no-one allowed to be evicted while quarantine, and every fucker takes advantage and stops paying rent. the streets being filled with homeless ex-landlords, these parasites begging for mercy and spare change, would be fucking glorious. glorious, I say

>> No.17817451

>>17815960
>> And when it passes, roads, bridges, tunnels, piping, electrical grids, factories - everything will still be there. Everything.

You think a bit of piping and bridges holds up the economy, faggot?

the world is being crippled, people are not out spending money, shops will close, people will lose jobs

Take a walk outside your bedroom from mum and dads house once in a while kiddo

>> No.17817453

>>17817382
>>17817385
That's why I am not renting out to poor faggots like you who live on welfare. Go back to suckin Sanders'c cock.

>> No.17817469

>>17817314
ahahaha cuckboy

>> No.17817514

>>17817453
don need to be welfare faggots to be poor all of a sudden now. Quite a lot o my acquaintances are self-employed in the events industry, tech work for exhibitions, sports broadcasts n sheeit. Its an entire industry that literally got JUST'ed overnight. Should these blameless hard-workers, plus families etc. be made homeless? Should a court agree to their eviction in these troubled times? Fuck, no. Let the landlords suffer. And fuck you too, Moshe

>> No.17817629

>>17817453
Lmao you're going to get fucked so hard and because of your hubris you're totally unprepared

I was a landlord for a few years, had a couple decent properties when I was young, but I quickly realized it was parasitism par excellence. If you understood Georgism you would know this but you're just another basic bitch landlord. Anyhow I went another route and now own a manufacturing company in the United States. I'm the last person who's going to be fucked by this.

>> No.17817664

>>17815960
corporations have been preparing for a major crash for a while now. they will take this as an opportunity to reform themselves, fire A LOT of people, sell

>for most, their landlords will say "ok I understand, we'll figure it out later after all this passes."
lolno, landlors will be affected too, and they will want their share...

>Measures will be passed for clemency to most debtors made during this crisis
govts don't give a shit about your debt. they only care about the banks & corporations you owe to.

>>17816016
airline stocks

>When it's over, it will be the greatest stock buying opportunity of your lives. It's NOT over yet, but just wait
this is true, but as people already said, it'll take months (at least) to get to that point. remember 2008?

>> No.17817679

>>17817629
>manufacturing
Yea your workforce and bottom line sure isnt gonna take hit from corona and recession

>> No.17817685

>>17817514
>>17817514
There are choices in life. Just basic. If you work for a fun and freelance job you have other risks than some government worker. If you don't have emergency savings for 2-3 month get another job.

>> No.17817690
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17817690

>>17815960
Dr:ns

>> No.17817720

>>17817629
I am doing fine. Not holding any slumlord assets only in great locations. Return is of cause lower but property value is going up and up.

How did you come about owning a manufacturing company? Rare to see somebody actually owing a business and not shilling another scheme.

>> No.17817723

>>17815960
It was a digital boom as well. The quality of life of average americans has been falling since 08

>> No.17817781
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17817781

>>17816968
Glow harder nigger
Sage

>> No.17817872

>>17817720
I built it from the ground up, making widgets and selling them, practically door to door, gradually reinvesting in new capital until I had the revenue to prove the business enough to get a small loan, used that to purchase more equipment and scale. Of course I rely on some imported subcomponents like anyone else but our Asian friends are fanatical about making delivery. Some manufacturing industries are still ripe for entry but no one wants to join because either it's not a sexy industry or not their personal passion. I personally love the business of business, the widget itself makes no difference.

>> No.17818079

>>17817872
Impressive! Good luck, hope you won't struggle too much with all the shit happening.

>> No.17818163

>>17818079
Thanks, good luck with your properties. We were about to get another loan and I told our lender I'm not so sure, with this virus we might want to wait, now they're bending over backwards to give us the best possible terms. I told them we'll see what the fomc meeting brings this week. For those willing to take the risk this could be the opportunity for an inexpensive loan at rates that may not return for a long time. That's assuming this isn't the Armageddon many are making it out to be.

>> No.17818182

>>17818163
>new IP
Phone...

>> No.17818263

Do you blame yourself for not being prepared for this crash?
I didn't have any more fiat ready for investing and my bags were full so I ended up holding worthless imaginary tokens having to wait for them to pump back.
Well I have some other money but I don't plan to pour any more of those into the crypto, retarded approach maybe?

>> No.17818270

>>17816016
Unironically Real Estate so you can piss on the poorfags and Workslaves

>> No.17818297

>>17817207
States are already making laws to stop utilities from being shut off. I am sure a landlord who throws out a tenant during this virus thing will be sued out the ass and probably do jail time.

>> No.17818496

>>17818297
Can you imagine if someone was evicted, then fell ill and died, after undoubtedly spreading it along the way?

>> No.17819886

>>17815960
Truth bamp