/biz/ - Business & Finance

>>17891840
its incredibly simple, just learn basic terms and then lurk here for a few months. economists are pretty much all brainlets

How about you pick up a book and read it retard. Then formulate your own opinions. Dumb ass cuck. Asking for help on an anonymous Mexican grass clipping forum. Go kys

>>17891864
>>17891864
Like what? I hear some people say that it's not good to start with Friedman and those people or even Sowell because they apply a libertarian lens on stuff and most of it isn't accurate and just guessing

>>17891873
>Dumb ass cuck. Asking for help on an anonymous Mexican grass clipping forum. Go kys

why are you so mean?

>>17891840
https://www.khanacademy.org/

>>17891840
I can't exactly explain it either I am learning too. I have watched Milton Friedmans free to choose.
https://www.youtube.com/watch?v=D3N2sNnGwa4
Watch this series. I reccomend economics in one lesson though I have not finished it. I cannot explain it though I hav much to learn.

>>17891840
Econ is a meme dont waste your time

T. Economist

I'm getting started on this after a recommendation, it's hard work but fascinating.

>>17893023
So how do I learn about money and what's going on? Also how do I know what to invest in?

>>17892023
Don't worry bro at least you're asking for resources to do your own research instead of being a baby faggot who says "buhhh everybody please essplain what is everything"
Watch a bunch of youtube and read investopedia, just to learn fundamentals and all the dumb ass jargon. And lurk as well. You'll make it bro we're just all bullies here.

The economy is not really crashing not yet.

the virus is a hard hit but the debt balloon has not popped yet

>>17893843
What should I buy then? Or when to buy? And how do you know when the time is right?

>>17891840
Truth is, no one knows what’s going on.
Entire economies are grinding to a halt, consumer demand is dropping, oil prices are dropping at best due Peter contest between Russia and Saudi at worst due to a planned attack against us producers who need higher oil prices. Entire sectors are crashing due to low demand like airlines and tourism, search for liquidity is dropping stocks, metals, crypto currencies and other commodities. To combat it all the Federal reserve printed 1.5 trillion which had zero effect, the us president promised bailouts and cash, the us Congress is dragging its feet on that, the low demand for everything is putting the crunch on business that are so indebted up to their eyeballs that market fundamentals don’t apply and by demanding dropping they miss a few payments on their credit obligations they basically default and go bankrupt, leaving a lot of people holding worthless securities that these companies issued, all this in the near future may result in incredible high unemployment, which will in turn result in high default rates from everything from consumer credit to auto loans and mortgages which will be the final nail in the coffin of a lot of banks. In short get ready for a wild ride

Why an economy grows and why it crashes by Peter Schiff is a solid book for explaining economics to even a brainlet like me.

It summarises economics using a story of 3 men living on an island, they need to eat 1 fish to survive for 1 day, they spend all day fishing for 1 fish. I wont spoil the rest.
Obviously you need to do reading after you finish it but its an amazing intro, things make a lot more sense after this book.

>>17893904
Oh yeah he's a hardcore anti Keynesian so take his criticisms about Keynesian economics with a grain of salt.

>>17891913
Just read Human Action, my dude.

>>17893855

well now but it could still get worse in the following months

one day coronavirus will be a thing of the past but the looming debt bubble will waiting to pop

>>17893664
unironically browse more, learn TA, search for mentors, follow twitter traders fag. best twitter traders fag have less than 5k followers

>>17894049
>follow twitter traders fag. best twitter traders fag have less than 5k followers
like who?

>>17894049
>learn TA
what's that?
>>17893968
I'll look at it thx anon

>>17891840
Zerohedge... I know people around here hate that and it's definitely has a sooner slant, but Tyler Durdin is the one of the only people in America who knows exactly what's going on with global credit markets and can explain it

>>17894133
Technical analysis, looking at graphs and trying to find trends. It bases itself on the belief that everything is already "priced in", unlike FA in which you search for an intrinsic value of a stock and requires some research about the market.
https://www.investopedia.com/ask/answers/difference-between-fundamental-and-technical-analysis/
Regardless of your opinion, please don't treat it as hard science or futurology. Analyzed historical data is subjected to your Verstehen and you won't derivate any absolute truth just by looking at the past, you will never know all the variables involved.

>>17894336
ok ty

so basically to start learning just browse more and learn the terms?

>>17894381
Lectures on youtube, podcasts, some news websites like >>17894151 (anything not written by Tyler is usually shit and/or propaganda), sites dedicated to specific economic schools of thought etc.

>>17893904
bless you anon. I'll give it a good read

Incredibly basic.
Supply is what people have.
Demand is what people want.
Rational actor is a bullshit concept that melts down at every intervention.
Finance terms are just what a two year old would call it. i.e. Long means your risk is limited because over time your ability to predict goes down.

Everything else is literally just a (((tactic))) to prevent you from getting involved.

>>17891840
Read the protocols of the elders of zion

Maybe start with the absolute basics? How demand and supply are met, supply curve. Then go straight to macroecon.

Get Economics by Samuelson and Nordhaus

What's happening now:

>2008 crisis never really addressed
>fed keeps interest rates low for muh 401k
>companies notice this and start borrowing money at absurdly low interest and buy back their own stock
>this pumps stock prices
>companies have invented infinite money machine and repeat the process
>run out of money
>fed make money printer go brrrrrrrr
>market drops every time money printer stops going brrrrrrrrr
>now market is dropping even with money printer going brrrrrrrr
>now no one has any clue what to do besides move to cash or short the shit out of the market and get ready for a recession or depression
>high chance the currency crashes if the money printer doesn't stop going brrrrrrr

>>17891840
Heres the facts jack:
>boomers want stock number to go up
>scrap pensions and make 401k and IRAs standard
>only option for retirement is to park your money in the stock market and get penalized by the government if you take it out early
>do quantitative easing meaning bonds are worthless, making stocks look really good by comparison
>let companies buy their own stocks back increasing demand
>creates largest stonk bubble in history
>china man COOFs
>everyone in the know starts panicing and selling like mad
>dumbass boomers with IRAs lose all of it
>jews win again

>>17893862
pretty much this. its very much an experiment and nobody really knows.

>>17895692
Why the picture of Soviet hero Laika?

>>17891840
People are really stupid and easily manipulated, so the media has riled them up in order to drive more traffic towards their websites. The idiots that believe this shit are screwing everything up for the rest of us, and it is destroying our economy.

>>17895576
Hory cwap

>>17896648
WE CAN FIX THIS WE JUST NEED MORE MONEY