/biz/ - Business & Finance

DOES NOT YOUR NETFLIX CONTINUE TO WORK? ARE NOT THE BURGERS FLOWING? RESUME LIFE AS YOU ALWAYS HAVE.

>>18213864
yes and no, it will normalize over summer at first

>>18213864
not so fast you Happooners

>>18213973
I feel like there's a latin phrase for this.

No. The time of global crises is over, even recession like 2008-2009 will never happen again. Trust the plan.

>>18214019
Stop spamming this numerologist Boomer faggot.

He was absolutely wrong, and now he is basically an Alex Jones tier shitposter.

>>18213864
The industrial base and labor force still exist, what this is really forcing is a review of monetary policy and what is required to keep capital liquid and goods moving. Once these problems are solved (modernized, to be specific), it will all come surging back extremely quickly

>>18214320
>The industrial base and labor force still exist
Literally true for every depression ever, except for ones caused by wars.

>>18214320
Fiscal policy and trade policy must be reviewed additionally.

>>18214020
this perhaps?

>>18213864
We're still in phase 2 we got 2 more to go.

Who gives a shit? Honestly who? You gonna retire with your happy wife and loving children who you expect to be visiting your selfish ass in your multiple homes? No. You get a bitch wife that hates you and kids who hate you and one grandkid who you are still incapable of being a loving family member to because you are mentally unwell then you get cancer 15 years before you planned on it and realize you wasted pretty much your entire life by being an asshole. You better hope for now than a depression you need a miracle

>>18213864
The commies used the covid-19 hysteria to sneak communism into first world countries. Things are going to be shit for a few years until communism collapses again.

>>18213864
Prices will double, 20% unemployment, restructuring of debt owned by the biggest banks in America (it's only 200 trillion USD btw)

>>18213864
>Did the everything bubble officially pop and are we now entering the first stages of a global depression?
the lockdowns and travel bans and border closings need to end right now or we are totally fucked.
All corporations are essentially bankrupt right now, except a select few.

No one's bankrupt with 0% reserve rate

>>18214264
>Trust the plan.
I got my bag of UND. What now?

>>18213864
brrr

>>18214020
AMOR FATI

>>18214722
Fuck fate. Life is shit.

>>18214526
>All corporations are essentially bankrupt right now
They still have 6 month’s worth of operating expenses, They are fine.

>>18214785
This isn't true for most companies. Most can't survive a month.

>>18214801
Well if they didn’t save up money for a rainy day then they deserve to go under.
That’s what the free market is all about

>>18214628

Welp at least they tried to draw down their balance sheet there for a bit

>>18214526
How can you be a poor company if you just experienced the most fucked bullrun ever PLUS got bailouts after 2008

>>18214834
They aren’t poor, they are worth billions in assets alone. They are just welfare queens.

>>18214801
Do you know how to read a balance sheet? Go look at Apple’s financial statements and tell me what their cash position looks like and why they could bleed for a good long time

>>18214020
Thread and Celsius for the people!

>>18215034
no one is talking about the giant multinationals(yes some are failing like airlines), its the small businesses of America ( which employ 80% of the US population) which are going bankrupt and need bailouts

>>18214819
>brrrrrrs your path

>>18213864
I was an inflation hawk but the eurocucks, chinks, and japs are still buying treasuries. Thanks cucks, LOL!

>>18213864
Uh herro I am chingchong with slant eyes and sideways vagina chingchong bingbong I buy treasury very big white peeenisu

>>18213864
Think about it this way. People are so freaked out about a slightly more dangerous version of the flu that nobody even talks about the fact that the stock market crashed 40% in two weeks. Only about 10% of Americans know how the financial system really works.

>>18215425
Never let a good crisis go to waste
t. Darth Chaney

>grocery wagie
>getting paid $300 for working during a pandemic as a condolence check from the company (not even 1 weeks' work)
>need the job to pay rent
>risking my long term health so retarded animals can bicker about toilet paper and isopropyl alcohol
Clown job and clown world

>>18215490
What’s your take on the general mood of your customers? Getting better or worse? Asking for a friend

>>18215504
Worse, the mood when walking in is palpable. People are moody or downright avoiding others like this is a plague. Randoms will walk up to me and thank me for my service like I'm a fucking SEAL and not some wagie being paid barely minimum wage, its bizarre

>>18215235
kek

>>18215606
Thanks. I’ve noticed a similar dynamic. I can only imagine what it’ll be like when people actually start getting sick en masse.

>>18215606
>Randoms will walk up to me and thank me for my service like I'm a fucking SEAL

>>18215606
lol that is how people in the military feel too

>>18215727
I went in this morning to my local tire shop because I had a flat. Literally 10 workers standing around and not a single customer, and store policy is to fix flats for free. Not a single dollar exited my wallet, imagine working for nothing in this economy kek.

>>18215606
Bruh, I had a woman walk up to me and was like "Excuse me do you *COUGH* have anymore *COUGH* lettuce?" I had to escape into the cooler for a few minutes after that.
Never seen so many people wearing masks either it's like we've turned into Asia all of a sudden.

>>18215880
Nigger even I've got a fucking N95, if catch it Id unironically accidentally kill 10 geezers during incubation just by breathing without even realizing it. I got teased about it at first but a few of the same people now have a shitty cloth surgical mask. Fuck getting this retarded bat virus. I'm a part of the pickup service, you cant even imagine how fucked the department is. I dread this shit now

>>18213864
The mortgage industry is about to take an ugly turn and there's word in the air that mortgage lenders are beginning to get margin calls from wall street. the whole mortgage industry is about to fall in on itself and it wasn't even their fault really (BRRRR is indeed a menace)

>>18216031

relevant

https://www.reddit.com/r/wallstreetbets/comments/friwc9/mortgage_servicing_crisis_explained/

>>18214275
>Stop spamming this numerologist Boomer faggot.
No

>>18215606
anon you ARE a literal hero. thank you for your service

>>18214823
it was announced and the marked took a huge shit that fucking day.

>>18216065
Everybody skimming off of everybody else. The FIRE economy really is the pinnacle of jewery

>>18213864
Yes. It will be slow but it's happening.
Return to nature, anons

>>18215606
Thank you for your service, anon

>>18217077
>>18217077
Literally any other kind of hero would be less shitty. Even nurses get paid so they can live reasonably. If not for crypto and splitting rent I'd be paycheck to check like most of the rest of the miserable people I work with. Groceryfags weren't exactly super content before this unless they like being poor or they're braindead, and if anything, corporate's fucked us harder by raising expectations despite limited staffing and expecting people making $8/hr to train new hires while getting yelled at by karen for not knowing when a truck shows up. It's some next level clown shit and we already have department heads stepping down because they're required to show up at 3am to get ready for a buttfucking. I've had this shitty job for a year and it's 6 months overdue for me to move onto something else, I just feel bad for leaving people hanging because everything's so fucked.

>>18217176
Look out for yourself first. If you can find a better job take it and never look back.

>>18217199
Seeing that we're in a global recession and kung flu still won't peak for a couple more weeks (at least), finding something else that's hiring that ISN'T grocery will be pretty tough. I'm keeping my eyes open for other jobs that are hiring on the spot. Grocery shouldnt be this stressful frens, we're losing our minds where I am and it's not even worth the pay with the work load/conditions. It's only going to get worse from here

>>18215606
thank you for your service wagie

>>18215490
Get fired and you'll literally make more money on unemployment

>>18217438
If he can even complete the application process along with with the 30 million other people applying.

>>18217286
food delivery? like uber eats etc..
I'm in lockdown , in France, and these guys are making a killing rn

>>18222292
>you thought you’d make it

>>18214497
You're right but it will still be shit though, look at Russia. First everything will be nationalized to "save" the companies. Then there will be communism for a while. Then when we've had enough communism the companies will be privatized into the hands of a few friendly free market oligarchs.

>>18214019
Wow, Tim Pool looks that THAT now?