/biz/ - Business & Finance

>>18993840
and what did everyone expect? Who do you thnik gets bailed out - the little guys?

>>18993840
makes me glad I shorted the airlines so hard.

makes me sad I am playing with what are essentially pennies.

>>18993840
ah $280 billion, enough to buy me a dogshed

it's over. the whole thing. this is just a corpse to be pillaged now

In my option, corona was "overhyped" as a justification for the stock market crash. In feb the stock market was just dipping slightly, and people were thinking its not a big deal. Then in march the stock market dived and the masses, as they typically do, attributed it to w/e headline news was happening at the time: corona.

People just forgot the stock market also crashed hard in 2018, and the fed has been loosening policy for years now, credit markets started collapsing late last year, and the fed was pumping billions into the economy daily starting in sep, 2019.

The crash in march was the start of the collapse of a years long financial bubble which resulting in a liquidity crisis. It had very little to do with corona. But people attributed it to corona. And then though, wow corona is a big deal now lets blame the crash on conona and now years of irresponsible fiscal and monetary policy building another massive debt bubble.

And now corona is being used to justify the expansion of the same bullshit, irresponsible money printing and cronyism. It will only get worse, and its not because of corona.

>>18994933
i wonder who could be responsible?

>force small business to close on the guise of "not essential"
>keep big business open because they "are" essential

I wonder why? You think if we look into these little tyrants and follow the money trail we'll see something special? who they got paid by? who they have business deals with? what stocks they invest in?

>>18994857
Really starting to feel this sort of way :/

It wasn't overhyped. It wasn't so billionaires could rob you. Billionaires going to billionaire irrespective of the situation.

I do think the hand out to business has been incredibly generous. It leaves a sour taste as a tax payer when you realise how the individual gets absolutely trashed for struggling, but the 'rugged wealth creators' have it poured on them.

Where I work the entire workforce except for me and the company owner were immediately furloughed. 80% of furloughed salary can be reclaimed from the government. Overnight everything stopped dead. Tax was suspended. Rent was frozen. Within two weeks 75k of grants were paid which have gone straight in the bank and are going to be used to buy new equipment and materials which we were going to buy anyway. He is currently drawing down 150k of 100% government backed loans at 2.5% which he is going to use to buy more equipment and materials. With just the two of us we've built a sustainable business which is showing rapid growth by moving online.

We aren't 28 staff turning over 2.8m a year any more, but we are 2 staff turning over 350k. Everything is still profitable. The rest of the jobs aren't coming back as soon as the GIBS dry up I'll be laying them off.

The economy isn't reopening and bouncing back to what it was before. We've been fortunate to have liquidity to reshape the business to adapt to the circumstances, but we've not needed it because we've had no debt and ok cash reserves on hand at the time it hit.

In addition we are accessing 40% grants towards all of the equipment purchases as energy saving/carbon neutrality improvement projects which are basically a bit of slightly dishonest admin tacked onto process upgrades which happened anyway as well as business development funds to cover e-commerce and software development happening anyway.

Of course if I was laid off and struggled to pay my mortgage I'm sure I would have been rapidly shit upon for being piece of shit expecting a hand out.

>>18993840
Bailout was $10,000 per adult. Hope you like your $1200 anon

>>18995067
Sure Faggot. Keep your social distance so you can’t spread your faggotry

>>18994961

Morons like you who keep electing corrupt, incompetent retards to run the government because "the jews" and other culture war shit they use to manipulate you sheep.

>>18995067
Good perspective

>>18995120
back to /x/ retard

>>18995197

>he still believes American is a democracy

Absolute sweetie

>>18995197
Tulsi Gubbard proved she was the one candidate who would stand up to the system and the Dems snubbed in favor of a senile boomer and a communist conman.

so trump really fought for us huh, really appreciate it, not like I was fooled

>>18995197
Youre right we should just be ridin with biden hes not a corporate dem or anything

>>18995067
You're a massive fucking cunt

I called this a long time ago

>>18993840

>Implying billionaires couldn't have also profited if the virus had been allowed to spread and wipe out millions and companies went bankrupt

>>18994933
>In my option, corona was "overhyped" as a justification for the stock market crash.
> lets blame the crash on conona and now years of irresponsible fiscal and monetary policy building another massive debt bubble.
This. What is sad, is that it worked. People had 2 months of quarantine to inform themselves on the internet, yet they have done nothing with it. They have a formidable, totally free and unlimited tool at their disposable, yet they do totally shit with it. Yeah let's watch the last 1B+ view music clip video one more time.
I sometimes ask myself, even if we go past Capitalism, in a better mode of production, what will we do with these people? They are stupid and useless anyway...
If they don't wake up in the 2020s, it's over for them.

>>18993840
>virus was overhyped
No. You're a moron.
>billionaires profited from bailouts
Yes. Fun fact: the very first people to get bailed-out were hedge funds arbing the repo market. Obviously it's important they should continue to profit from doing something absolutely useless.
https://www.zerohedge.com/markets/confirmed-fed-bailed-out-hedge-funds-facing-basis-trade-disaster