/biz/ - Business & Finance

>>19104551
less crowded, for sure

>>19104551
A bunch of chink satellites

>>19104551
Nearly 25% unemployed. That doesnt include everyone else whose been unemployed prior to March, those who didn't/were unable to file, those who don't count as unemployed, and those who are furloughed.

>>19104612
I was stating what it's like right now. Am starting to consider avoiding buying calls. If hiring doesn't pick up quick this will have an effect on stocks.

>>19104623
*might have an effect
Considering I don't know where it will be 6 months from now and considering how ridiculous it has behaved.

Better than Europe

>>19104639

>>19104623
Ironically massive layoffs and unemployment benefits help companies. Unemployed people are free to consume and businesses get to lighten their payroll which is the most costly part of running a business. I wouldn’t buy calls but some equities are a reasonable hedge for the future even if they still come at a huge premium right now

>>19104648
He's not wrong. Europe sucks.

>>19104612
>>19104623
>>19104634
Probably 27-28% unemployment atm, it's fucked up worse than 1929 and the orange retard at the white house , mnuchin and others want a stronger dollar.

Motherfucking retards don't get how this is causing deflation.

>>19104551
Dip, start of a new bull run, and the beginning of the absolute bifurcation of social class. You think they sold out millennial in 2008? See whats gonna happen to millennial and zoomers once this shit blows over and assets blow sky high.

>>19104651
>Unemployed people are free to consume
This is predicated upon people having unlimited funds. People are gonna burn through their savings eventually, and the government cheese isn't gonna last forever. Do you think we can get Trumpbux again and again? And all of this is assuming people can just go out like nothing happened, and everything's back to normal. You can give businesses all the tax cuts and regulation breaks they want, but without customers, it's pointless. Supply-side economics is a joke, and hopefully people wake up to the scam of trickle-down economics.

US is fucked, you will bleed and bleed for months after which Chine will just buy you up for a fraction of a penny on the dollar and you will become a communist satellite state colony. The ultimate irony will then be complete.

NV is a bit over 30% at the moment. I'm going down with the ship. Smell ya later, fags

>>19104551
It'll be like the world depicted in They Live.

>>19104612
much worse than that i'm afraid

>>19104551
like russia after the iron curtain fell.

>>19104753
>burn through their savings eventually
americans already have no savings. what they are burning through is any pittance that remains and using up more credit card debt. in 2 months it'll be game over financially for a massive chunk of homeowners

Americans stop consuming for 2 months and the system totally implodes

It’ll be exciting. I’m praying to god that Trump wins re-election. Can you imagine what he’ll be willing to do once he never has to worry about getting elected again? I can see economy start to recover. Long, slow recovery. Vaccine will be ready around then or few months after. Europe is fucked, I don’t see how their economies will recover. The orange man will have to get all our allies on board with boycotting Chyna. I really don’t see that happening, he’s burned too many bridges and our allies are poor and need the chinks. If Biden wins, USA experiment is over. Free shit for everyone and unlimited immigration. Trillions in debt to pay student loans, healthcare, reparations etc. Trump is adding trillions to the debt left and right, but at least it’ll be a slower decline than with a progressive in charge.

>>19104551

Civil war. New England, Mid Atlantic, West Coast vs South East & Midwest.

>>19105218
>Rossiya, when the walls fell
up ur game fag

i don't know but i just got approved for unemployment. i'm a college student who made about $2000 total last year working maybe 20 hours a month tops at a theater (not a movie theater but a concert venue). now i'm making $800 a week until the end of july and there's no way the theater is reopening anytime soon since i live in NY and massive gatherings are going to be off limits for months still.

i went from making 2k a year to earning $800 a week playing video games and shitposting. god bless the USA!

Hopefully I can buy a fucking house on the cheap, that's all I care about desu.

>>19104551
SP500
UP TOWARDS 3K LMAOOOOOO
ME BOOMER
ME WANT MY LAST THREE MONTHS ON EARTH TO BE HORRIBLE FOR EVERYONE ELSE WHILE I CAN CHUG COKE IN MY CARDBOARD MCMANSION
BOOMER GOOOOOO

>>19104551
Blue.

We survived 25% of unemployment back in 2008
You will be fine.

Outbreaks will continue to occur throughout America. Deaths will be at around 180k.

>>19105420
2008 peak unemployment was 11% a year after the crisis started

Now it's 27% 60 days after it started.

>>19104551
tipping their landlords as usual

>>19105285
Europe is fucked? Europe is many different countries who all brought in completely different measures in relation to the virus. Things are getting back to normal. The US is a complete joke to every other country in the world but you fat fucks, most of which have never left your state, sit in your glass houses talking shit

>>19105814

V shaped recovery dude

>>19104639
eurochad here, you amerimutts are full on coping at this point
nobody got fired because were not a third world country and have social security
no meat shortages or anything because we got solid supply chains
gyms and restaurants are already opening back up
why are you mutts so obsessed with europe?

Wow you know what would fix this
H1b Visas
They do the jobs Americans won't do

>>19107150
you are arguing with an imbecile

>>19104577
Those are black people btw

Anyone else unironically see this as a good thing? Automation is going to do this to us anyways at some point sooner than you think. This is essentially just forcing the reality a bit sooner. When the AI revolution is fully implemented, these companies are going to be rich as FUCK. Far richer than even now. The faster we realize we need some form of UBI, peroid, the better. We need to be coming up with solutions right now.

>>19107396
Sir, thems republicans btw
says so, right there
everyone else has enough brains to do the opposite of whatever Trump tells them

>>19104577
Yeah I call BS. It’s like any corona virus it will spread through densely populated areas much faster then rural ones.

>>19104667
>orange retard at the white house
Don't worry bidenbro, he's coming.

>>19107411
how are people gonna consoom if they dont have a job

>>19107424
Holy Fuck, you are missing the point
from the White House own data - it is spreading faster in rural -republican- areas, because why? And you are right - it SHOULD only be spreading faster in cities. Gee, I wonder, what the difference with -Republican areas- could be? Must be all them nothingburgers their Pres. feeds them

>>19107411
Ubi plus unprecedented levels of immigration legal or otherwise is a way to syphon value out of communities, into corporations and then back out to foreigners.
While you are right, it's really not going to work out as well as it could at least in the USA

>>19107150
How are you going to pay for all your social programs though? And do you see The EU deregulating?

Legitimate question. I’m not trying to start a fight. I’m only familiar with the American Economy and we seem to really slow down when we are taxed more or regulations increase.

>>19107395
Huffpost? MotherJones?

>>19107475
This makes no sense. UBI and immigration is needed and only adds value to communities. We need to be attracting more talent, and minds to the US. Under trump there are brilliant minds flocking to China instead. US has always been a meeting of immigrants, the shit under trump is retarded.

>What does America look like 6 months from now?

>>19107471
>0.01% OF US WILL DIE!!!!!!!!!!! NOOOOOOOOO DRUMPF DO SOMETHING!!!!! TAKE AWAY MY RIGHTS OR ELSE!!!!!!!!!!!!!!!!!!!!!!!!!!!

>>19107564
all Guardian
>as it annoys Burgers
no, its good for quick 'prove a point' screengrabs. ppl in Yurope (and rotw) DO actually shake their heads in wonder at your bleach-injecting President

>>19107601
>prove a point screengrabs
>bleach-injecting President
Poe's law right? People aren't this fucking one-dimensional.

>>19107471
This is good right? Less drumpfies? Shhh. It's time for ridin' wit bidin.

>>19104551
Probably at war.

>>19107572
>only adds value to communities.
No it doesn't, all it leads to is lower living standards, less social cohesion and racial conflict agitation.
For what benefits? Maybe an ethnic restaurant? Fucking hell.

>6 months from now
>Coronavirus scandal is a distant memory
>Everyone knows we destroyed the economy over nothing, but people have forgot about it like every other scandal
>10% unemployment and recovering as "non-essential" services flood back
>SPY recovers, small caps suffer
>Middle class and small business owners suffer the most, but we're all too retarded to do anything about it

>>19104551
How many people were unemployed in weimar germany?
I unironically think if this continues there will be revolts of some sort

>>19107678
Fuck small business owners and the middle class. They hire illegal labor and thought it was a good idea to ship manufacturing overseas so they could get cheap products

Bankrupt stores and mail in ballots.

>>19107678
I've had 3 coworkers die from the virus I really don't think it's going to pan out the way you described

>>19107678
been reading this single digit IQ garbage since early February
you go ahead and keep your head in the sand

>>19107720
Small businesses and the middle class don't have the capital to be setting up international supply chains. That is the fault of multinational corporations and foreign investors who lobbied for the reduction of import tarrifs and set up foreign factories. If you mean the change in buying habits: the free market is going to free market. It's the role of the government to make the economy work for the benefit of the nation.

>>19104651
>>19105218
>>19105420
>>19107653
these people are idiots or trying to pump

>>19107732
this is the correct answer

>>19107741
Infection rate is still falling nationwide despite less people being in lockdown, suggesting the severity is much lower than expected and all the small scale antibody tests such as the one in Santa Clara apply to the entire nation(thus descreasing infection rate via immunity). Why are you so afraid?

>>19104551
Endless printing, rapidly devaluing dollar, unemployed making more than those forced to work, everyone nervous to even leave the house or answer their phones and lose their bennies.

>>19104551
Government demands the 230k owed by every citizen up front with the threat if being arrested. Other than rich people every guy is forced to enlist, every girl is on the prostitute spectrum, either digitally or physically. The America empire invades countries using their debt as an excuse.

>>19107734
No one said people wouldn't die. The weakest have already passed in either case.

>>19107734
show the dead bodies

>>19107917
>unemployed making more than those forced to work
Expires July 31st and there's no sign that the Senate intends to extend it.

>>19104551
the summer camps are going to be packed

>>19107396
hilarious

>>19104623
Imagine thinking the economy is related in any way to the market.

>>19105814
just a flu bro

I hope americans cannibalize each other into extinction. We need a do-over with that continent.

>>19104577
Fake news you idiot

I was searched 5 times by managers from my company this week on LinkedIn. I'm gonna get laid off, aren't I?

>>19107997
I wasn't even able to attend the funeral or wake
Cause there wasn't one otherwise I'd have taken a selfie with the dead for sure

>>19108969
Maybe he just thinks you have a purdy mouth

>>19104753
>he doesn’t know about the money printer
Theres a democrat getting elected as well we’re in the end times brother.

>>19109154
I just learned that a $80k sale went through that I was involved with. Maybe they just wanted to look up the new hotshot, r-right guys?

Fuck, let's face it, I'm gonna be homeless.

You know how hard it is to find employment these days? People are going to find out once they become unemployed.

>>19109428
Buy kneepad calls

>>19107150
Uh yea Mohammed, the virus is why europe is fucked beyond recovery

>>19107150
>sit in your glass houses talking shit

The average American isn't talking shit about you because they care nothing about your country, which is probably the size of South Dakota. What is with Europeans and their constant concern about what Americans think of them?

>>19107471
It's literally a cold if you're not a 75 y/o diabetic with asthma
t. had it

>>19109668
The great boomer filter

>>19107150
Worldly canadafag knows this is truth

>>19108329
Just the middle bit. We're okay up here.

>>19109698
This is what the social security fund needed. Bullish.

>>19104651
>Unemployed people are free to consume
You realise that most Amerimutts have 0 savings and live from paycheck to paycheck, right? I'm not saying a lot of them do. I'm saying the majority does.

>>19104551
America is overdue since 2008. The year 2019 was just the bulltrap.
Great civilizations fall 10-20 years after their peak. Well soon see the sharpest society crash in history of human kind.

>>19110894
Here, let’s update the conundrum a bit.
>there are ten people on the track, but the trolley company employs five million who would be unable to provide for their families.

>>19108303
A flu with an R0 of 6 that gives you blot clots and strokes and causes kawasaki syndrome in children.

I havn't had the fucking flu for a decade, because that shit has a weak sauce R0 of 1. Corona is dangerous as fuck. It's only moderatly deadly, but really really fucking contagious. The worst thing since smallpox. But with good old small pox you can at least tell who is sick.

>>19104551
dumber, browner, and poorer. the same as usual.

>>19111066
the trolley company could easily provide for the families in a way that doesn't murder others. They can pay the families even though they aren't working because they can afford to. But companies always try to use the working class to absorb the damage in favor of keeping money for themselves. the wealth of their great great grandchildren matters more to them than the health of their own living, breathing, starving employees

>>19111241
Clearly, the only answer is government intervention.

>>19104667
You have deflation because people can't buy anything, the money they're not spending now is not disappearing and more money than ever is being pumped into the economy and the global production is greatly reduced. Also the cost of providing services, and the cost of production with all the sanitary requirements will increase the costs.
As soon as people will be able to spend money again inflation will catch up big time, even with the unemployment.

>>19104551
Can i file for unemployment if I'm graduating from college without a job?

>>19111947

Zoomer here, just graduated a reputable business school in PA. No job since COVID just’d my applications this recent semester. So far I haven’t gotten any government gibs due to being a dependent still. When will this nightmare end?

>>19111947
>>19112038
I think we're gonna have to go fight for Israel if we want a roof over our head in 6 months

>>19111947
kek

no

>>19109464
This is the only thing I'm looking forward to. Gen X has its head so far up it's own ass, hopefully they get it when they're 50s and unemployed without saving enough to retire but nobody will hire them. Get absolutely fucked middle aged faggots hope you wake the fuck up. Boomers dying is icing on the cake.

Everything need to get bad enough to motivate real change before anything can get better. Destroying the comfy is good for the long term.

>>19107150
Fuckin triggered

>>19111241
>n-no it's not the ironclad laws of economics, it's just bad people who have temporarily taken power and need to be purified and then everything will work perfectly forever

>>19107601
Being this retarded
Falling for screen grabs
Emphasizing the sheep mentality of believing the only thing you think you need to read (the headline)