/biz/ - Business & Finance

ngmi

>>28569482
Crypto's not pumping, the dollar is collapsing.

>>28569555
I've been burned too many times by that chart. Only reason I haven't made it yet.

>>28569482
>Value of the dollar is collapsing
>Prices of everything skyrocketing
>Wages stagnate.
>Housing prices going up exponentially
>Stock market prices rising

hMmmmm whats going to happen

>>28569482
then you can read a chart nigger. you know what to do

>>28569617
You get it.

>>28569617
>it's different this time, but for real this time
hmmmm, where have I heard this before?

>>28569482
Only chart that doesnt look like that is my sex life score chart.

>>28570387
Crypto will still crash but high inflation will provide constant upwards pressure on the price. The bottom after this cycle is going to be higher (percentage-wise relative to the top) than previous cycles and will not take nearly as long to start going back up again. We won't see another insanity-tier bubble until the next bitcoin halving when we do it all over again but don't expect to see $6000 bitcoin again.

>>28569482
the problem is that chart can continue looking like that for a couple months and when it crashes it bottoms above the peak in your pic.

>>28569482
not wrong to be skeptical, but this run will be much bigger than 2017, this is the collapse of fiat currency, gotta try and ride it right up until the dollar collapses, then you just have to hope you picked the winners (certain cryptos, PMs and land)

>>28571198
but what if crypto is part of the "everything bubble" and crashes as well? the entire economy can shrink. Only a few will be absurdly rich and the rest have nothing. That's how everything crashes.

>>28571693
I'm fucked as far as getting PM and land will I make it?

>>28571716
>"everything bubble"
Oxymoron

>>28571716
> what if crypto is part of the everything bubble? literally everything is in a fucking bubble dummy, because of low interest rates. The main issue this time is no central bank can raise rates without nuking the whole economy, everyone knows it so everyone can continue to borrow money with reckless abandon and pump it into any and every asset. Its all going to the moon, then one day the math just won't make sense anymore and everything will have to be re-priced; at that point the only question that matters is "re-priced" using what measure of value.

>>28571716

> what if crypto is part of the everything bubble?
literally everything is in a fucking bubble dummy, because of low interest rates. The main issue this time is no central bank can raise rates without nuking the whole economy, everyone knows it so everyone can continue to borrow money with reckless abandon and pump it into any and every asset. Its all going to the moon, then one day the math just won't make sense anymore and everything will have to be re-priced; at that point the only question that matters is "re-priced" using what measure of value.

>>28571820
Don't worry, I'm a young leaf and i'm fucked when it comes to real estate too (thank god for parents cottage). But anon consider a small stack for peace of mind, and if you lurk here enough get a suicide stack of any crypto you believe in.

>>28569482
I get worried too, but I'm not pulling anything out until after the stimulus checks.

I'm playing the long game. Just put money into stuff with good fundamentals and proven records and enjoy the ride, no need to gamble on shitcoins.

>>28572288
>>28569482
i have a similar sentiment, every graph shouldnt look like this but for now im just going to catch dips.

>>28572379
So fantom then?

>>28572675
No. Try something with an actually decent market capitalization.
> But I'm early!
Adoption is 90% of the game

>>28571198
Holy fucking based.

>>28570387
This is not 2008 commodities are going up this time and with it global food inflation which will cause also inflation of everything else.

>>28571716
Crypto is the solution , crypto taking off = bancor system, but without crashing the usd.

The reason nobody ever did a bretton woods 2 after the soviets collapsed is because any attempt at a bancor via politics would lead to a dollar collapse from one day to the next.

A soft bancor on the other way benefits everyone minus those that benefit from the usa industry leaving due to the triffin dilemma, also i am sure there are a few in the usa financial sector that masturbate at the idea of the reserve currency status lasting forever even if it at the cost of the usa industrial sector and social contract, but they lost the moment central banks started to push for cbdcs scaring private banks into moving to crypto, since in a cbdc system they would be kyc jannies.

>>28569617
jesus christ, why? what the fuck is that for

>>28569617
im generally late to market realizations, ive been thinking this for the past several weeks and went further into crypto. If I just started to realize this then...

>>28573048
>this is different to every other time but for real this time

>>28571198
High iq post

>>28573143
For nigger gibs, obviously.
And some help for Israel too.

>>28573009
You’re a fucking retard and that’s why you’re poor. You buy an asset before it gets adopted that’s how you get rich. You don’t fucking buy something that normies already inflated.

Ok ill play

Where is the inflation? I went to Winn Dixie today and chicken was still 99 cents a lb. I bought ciggarrettes the price was unchanged. I bought beer price was unchanged.

I went to mcdonalds and bought 3 double quarter pounders with mac sauce added for dinner..same as every payday and the price is what it always has been

Where is the inflation bro

>>28573206
its hyperinflation of everything this time buddy, 2017 was just a crypto bubble, this time is different because central banks are actively fucking up their currencies

>>28571340
yeah. i'm still bullish from all the big money coming in from banks and corporate. looks legit for now.

>>28573326
the inflation up to this point has been in your housing and in the cost of your future retirement, unless your a boomer in which case you're likely making a killing and its just your kids who are fucked

>>28573304
Sorry, can't hear you about my solid projects that already have adoption just going higher and higher as they keep getting more and more adoption.
Enjoy your shitcoin bags Pajeet.

>>28573475
You are full of shit. Housing is incredibly affordable in rural and edges of suburb areas. Get out of niggertown and manhatten, you cant get 2400 square feet in florida for $180,000

>>>blaming boomers

Faggot. The fed is responsibile for wealth inequality not your parents

>>28573326
Sounds like the inflation is at your gut

>>28569617
yes but crypto is not a safe haven. its all about proximity to the printer. stocks and real estate are closest. see how they mooned since last march. we can make some serious money here, fucc the boomers, don't let em have it all, but we need to get out in time. We have an advantage over real estate in that sense

>>28573326
there isn't much, most of /biz/ falls for inflation propaganda

its all psychological games by the Fed. they know if they say they "print" money and if they said they want to "let inflation run a little high" people will react accordingly (ie, fomo into stocks which crucially need to remain elevated). regardless of the fact that the Fed has no control over inflation. they haven't been able to generate inflation for over 10 years.

>>28573160
gotta say, I've only been here 8 months, but...
you have no idea what's possible.
This shit has so much further to go. Crypto is barely 1 trillion Mcap. Minimum from here on is about 5 trillion USD Mcap, following a logarithmic regression from the previous peaks. If the peak is much later, the mcap could be upwards of 8 trillion USD.
Biz was actually early as fuck. But we were too scared, humble, or what have you, of what that implication would mean for the world.

>>28573206
https://fred.stlouisfed.org/series/BOGMBASE

https://fred.stlouisfed.org/series/M1

https://fred.stlouisfed.org/series/M2

https://fred.stlouisfed.org/series/M1V

https://fred.stlouisfed.org/series/M2V

https://fred.stlouisfed.org/graph/?g=gI4A

https://www.macrotrends.net/1329/us-dollar-index-historical-chart

Check commodities here last 3 years

investing.com/commodities/

2008 commodities flatlined now they went up 50% one year.

It's literally a paradigm shift, bitcoin fees could go to 3000 usd per transaction and capital would still be flowing into it because everything else is inflated and assets are only cheap in countries with shitty rule of law.

>>28573510
I bought Snx and Aave when you were shilling food scams last summer retard, I can tell you have a poorfag mindset. Keep your lunch money on your ‘solid’ projects poorfag.

>>28573326

This might be one of the most seriously, straightforwardly stupid posts I've ever seen.

This is for you anon, you earned it.

Just never sell, you’ll make it in three years for real

>>28573573
I live in Canada; housing costs are fucked here and even remote shit hole towns have seen 30% increases in house prices. Its the same everywhere else with clean water and airable land. Houses in Florida are 180k because they'll be underwater in 15 years. Why tf would anyone move there.
Also did I blame boomers? no I simply pointed out they are the ones benefiting from this while young people without property and stocks are getting eternally btfo. Obviously I know the fed is to blame for all societies ills dumbass

>>28573326
usa is a commodity exporter, so is argentina, uruguay, france, brasil, ukraine and russia.

Everywhere else inflation is out of control even argentina currency has stabilized now due to commodities going up so much.

That said on everything else like rents there is massive inflation even in commodities producers.
Also there is massive shrinkflation with products getting smaller.

>>28573775
>It's literally a paradigm shift, bitcoin fees could go to 3000 usd per transaction and capital would still be flowing into it because everything else is inflated and assets are only cheap in countries with shitty rule of law.
this right here; money is fleeing fiat because it is unironically going to zero at the end of this

>>28573799
Keep seething Pajeet.
Come visit me in Bahamas some time if by some roll of the dice this bull run keeps going without correcting for enough time for you to drop your bags.

uhhhh can one of you guys pm me right before the market crashes? im new idk when im supposed to pull out

>>28573608
underrated post

>>28573955
I'll PM you anon

>Fiat is going to zero
>Bitcoin will take over
>Yes, this crypto currency owned 90% by weebs and billionaires and no one else is gonna replace the US dollar. Just watch, one pizza for 0.000000003 bitcoins in 2022.

This is what my portfolio chart looks like
Should I be worried about crashing and burning?

>>28569617
dont worry the money will all end up in some rich 1%er jews hands who never spends it eventually and it will make the dollar stronger again until they print more

>>28574207
true fren here
Pink wojaks wen?

>>28569617
So is the euro, pound sterling, japanese yen, chink money is a joke. So not really.

Also Crypto is anti inflationary, which is why the fed allows it to exist.

If banks and Businesses hold Bitcoins, Amps and Graphs on their balance sheets it offsets and deflates an equal amount of cash in the economy becasue its just assets on a balance sheet in a digital sense

There is a greater conspiracy as to why they allow crypto to flourish

>>28573608
Im a 6'1 and 150lbs Chad...my name is actually Chad

I can literally eat 15 of these and nothing. it comes out of my ass

>>28574291
yup, it was just like this last time

>>28574587
were you here last time? during the absolute peak (like 2 weeks) it was normal to see your portfolio increase 50% every single day.

>>28574291
DCA out to stablecoin if you're worried

>>28573608
Fucking kek

>>28573739
Housing costs, healthcare costs, college tuition, all very large ticket items, have gone up massively in the last few decades. It's inflation for all of the things that cost the most.

>>28573272
.....KICK THE PRINTER INTO HIGH GEAR

Why you guys wanna lot’s of money from /biz/?

Go eat some cats and trash in your shitty river
Stop scamming this thread with your fucking rubbish

I’ve already participated in bot ocean and wait for full trading platform launch with bots

>>28574291
I know a LINK chart when I see one. Don't fucking sell.

>>28569877
So what do you even suggest? Pull out and put it into what? Real assets?

>>28572011
>>28572097
Boomer

>>28573573
Even in my shithole of Albuquerque, New Mexico home prices shot up 15% last year alone. Housing prices are inflating at a rate far higher than anything else for most of the country. Suburbs and rural areas aren’t safe either. Land with water rights have gone up significantly too.

>>28575217
When's it gonna collapse. My house went up 200k in like 2 years. I want to sell, rent for a bit, then buy the dip but interest rates are so low. Maybe when they go back up

>>28575524
Honestly nobody knows. It seems like the fed will just print forever, high inflation being preferable to a complete crash. It doesn't mean they can actually pull it off though.

>>28569617
Yes why do you think suddenly the big boys (apple, Tesla, MasterCard) are all taking crypto seriously? They know what's coming for the USD. And why would any of the big holders want to cash out of crypto now to a currency that halved in value just last year

>>28574576
>6’1 150lbs
Do you smoke very much meth out in rural Florida? Asking for a friend.

>>28574576
you probably have some kind of digestive issues from this diet, crohns disease?

>>28573009
Isn't FTM's market cap acceptable though? It's now in the top 100 - that's considerably big

>>28575136
ammo, guns, water, and food that lasts years. this is all a prep before shit hits the fan. the world can only handle so much corruption before factions from all sides start becoming more and more aggressive. we've seen it throughout all of history. you're a fool if you think ensuring chaos and mass deaths in the first world via conflict isn't possible.

>>28573608
kek

>>28576531
This, high IQ. Although I feel we still got a few years before shit hits the fan.

>>28573326
>but muh cheap junk food
That shit doesn't even make up 2% of a non-degenerate's living expenses.
How much more expensive has real estate gotten?

>>28573573
>$180,000 to live in a small home in bumblefuck USA
Those same houses were like $50,000 less than 5 years ago, you exponential retard.

>>28569734
please do share how you got burnt on charts like this?

>>28569482
>he doesn't use log
>thinks he can judge a chart
good luck with being poor for the rest of your life.

>>28574576
le fearsome Bonechad the Bulemic

>>28577537
>the bubble isn't a bubble and I can prove it by redrawing it in a way that makes it not look like a bubble

>>28573860
Why three years?

>>28573775
your own charts show velocity is way down which shows the additional money being printed isn't moving around.

>>28577932
>I think everything is a bubble because I look at charts that don't hold percentage gains constant

tell me why any self-respecting chart should show the same distance between 1000 > 2000 and 5000 > 6000 when one is a 100% gain and one is a 20% gain

>>28573326
Housing
Healthcare
Education
Vehicles

>>28577352


No they werent faggot.

Unlike you i own 2 houses. It was maybe 130. Not 50k

>>>bumblefuck usa

Ill take it over some fag larping in his condo as gordon gecko

>>28573573
Why the fuck would anyone want to pay $180k for a worthless dump in buttfuck hollow you fucking retard? Your house is worth $60k at most.

>>28573739
i wonder who could possibly be behind this post?

>>28575136
Best thing to get in a time of mass inflation is debt

>>28578752

Holy shit you are stupid.

>>>muh $3.1 million dollar condo in downtown..must be INFLATION

>>28578838
>jewish niggers buying up all the houses and reselling them at 300% markup is completely fine because you can just lower your living standards like me :)

>>28577932
Every time bitcoin breaks a new all time high, the chart goes fucking vertical for a couple years.
It would be out of the ordinary for it to only 2.5x after breaking a new high.
If you knew how to use a goddamn log chart, I wouldn't have to explain this basic shit to you.

Now good luck with your life of shame and poverty. But please, keep that shit on reddit.

>>28573326
Unironically the smartest post in this thread. People complaining about inflation right now are economically illiterate schizos.

>>28575136
precious metals. they've been sound money for 5,000 years after every great empirical collapse. silver is severely undervalued and manipulated and once the shorts get squeezed it's going to fucking explode. plus precious metals are always a good defense against inflation.

>>28569482
Printer goes brrr

Buy anything you can cause it’s all going higher. The USD is gonna be worth half what it is now by the end of the year and 1/3 that the year after, 1/9 the year after that and 1/32 the next year. The S&P will be over 100,000 in the next fifty years so just buy everything.


The real game is not what will go up cause everything will but what will go up more than the rest of it.

>>28573624
The correlation between spx and btc is approximately 0.33
>>28574441
>QE
>can't turn it off, need to unwind it in a massive deleveraging
>can't continue, debasing the currency
>what do?
>get everyone to short QE
It's brilliant

>>28573326

fast food has actually gotten more expensive. a basic burger and fries at mcdonalds now is $5-6. no one actually has a dollar menu anymore.

>>28574941
None of that is due to inflation.

>>28569555
checked and based

>>28581240
this. $10 is the new $1. can't even get full at taco bell or some shit unless you spend minimum of $10. i remember in the early 2000s when i could eat like a king for $5 at taco bell.

>>28574405
That reason is literally and unironically why no western country is experiencing hyperinflation currently. You are on the right track

>>28581240
this is the biggest sign we are fucked imo.

>>28571198
Correct. Link is literally a store of value.

>>28573573
Homes were less than half what they are currently 10 years ago.

>>28573326
>I bought beer, cigarettes and McDonalds

>>28574240
kek

>>28571198
just divide the peak by 5

>>28573326
televisions

>>28573326
>>28580282
Inflation hits asset prices first, CPI second

>>28573739
>>28581835
It's all in the velocity boys. The fed has been unable to generate inflation because the expansion of the monetary base has been offset by the decrease in its velocity. Math:

Velocity of M2 in Q1 2000: 2.14
Velocity of M2 in Q1 2020 (pre pandemic): 1.381
M2 mid Q1 2000: 4,678.5 billion
M2 mid Q1 2020: 15,455.7 billion
CPI Jan 2000: 172.20
CPI Jan 2020: 258.81

3.3x larger M2 is partially offset by 64.5% velocity and an advertised inflation of about 50% since 2000. The rest of the increase in M2 (40%) is probably offset by increase in personal savings rate (about 5% in Jan 2000 -> 8% in Jan 2020 - keep in mind the increased savings rate is in nominal terms).

This is different though because now the monetary supply has skyrocketed to offset the artificially suppressed demand in order to prevent deflation. Velocity has been trending lower for years but it is unlikely in my mind that velocity will stay at the incredibly low level it has been at over the last year once the "economy opens up again". If velocity even returns to what it was on pace to decrease to in the absence of the pandemic, inflation will be mid double digits (25-30% conservatively).

Fed's best course of action is to try to decrease monetary supply or ratchet up the interest rate but it's unlikely they will do either. The government wants the inflation to decay the massive debts they have accumulated by being absolutely retarded and fiscally irresponsible.

Hopefully I am wrong about this because if they just tighten down and people accept that things will suck for a few years, we can avoid devaluing a lot of peoples' life savings. More likely the US will take out more debt and spend it on expansion of socialist policies that are popular with voters because they are braindead and expect gibs because it's unfair for the government to expect them to work for money.

>>28572379
Could you share some of your long holds? Looking for some solid investments.

>>28583344
Forgot to mention millenials and zoomers will unironically be the next boomers who ruin the financial hopes of the next generation by signing them up to pay back a debt they never consented to.

>>28569617
Correct.

>>28574941
The things you have noted have increased via government subsidy and foreign investment, not inflation. Inflation will primarily affect the valuation of currency internationally thus making foreign goods unaffordable at first, subsequently raising the price of derivative goods that rely on imports.

>>28582723
>ID: Bogz

>>28583565
Okay it's not "inflation," it's just an increase in price levels occurring simultaneously with an expansion of the money supply. You really deboonked me good.

>>28583344
The reopening inflation scenario reminds me of the explanation scene in Chernobyl. You can't just open the economy back up with the flick of the switch, because the "poison" of the expanded money supply is still there.

https://www.youtube.com/watch?v=3azNLCo0wyU

>>28569877
South Africa tier wealth inequality. Roaming motorcycle nigger gangs. Home invasions. Giant spiked walls around every home. Massive riots

>>28583344
checked and it is sad watching this shit in real time knowing we're gonna get blamed later

So does crypto save me from potential infini-inflation problems or not? I bought tons of ALGO, REN, CVC, and ETH this week. I just want to live a quiet life away from other humans, bros

>>28581587
Yes they are.
Also you're a moron.

Money velocity will never go up. Investing is accessible to everyone so we are in the midst of the beginning of a 2 year long asset bubble. Every dollar and stimmy check goes into buying stocks, a new house, crypto, gold etc. All of these assets have been moving in tandem since March 2020. By the time this bubble starts affecting the central bank's myopic CPI index that measures a contrived and narrow interpretation of inflation, it will be far far too late. The bear market will eclipse the asset bubble of Japan 1989 and climax the end of the US as a global financial and economic power. I know there are many patriots here that will bash this bold claim, but I know this will come true.
Anyways, enjoy the next 2 years guys, and take your profits when they come, because there is nothing left for us and our children after this passes, absolutely nothing.

>>28583991
>take profits
>because crypto is going down
>also you will have nothing
>but you already took profits
fucking english please

>>28583344
>fed keep printing money
>I keep vaporizing it into crpyto

>>28584112
Buy things that are physical and permanent and provide for you and your family. Establish an abode in a community you can trust and work together with. Sorry, your closed mind is a part of the problem with our generation. We trust our systems and instutions to a sever fault. Go ahead and keep masturbating to your hentai manga, posting garbage here 24/7 while going "lalala" I'm going to make it I'm smarter than everyone. I don't care what happens to you, because you are refuse that will be burned away in the wildfire.

>>28583991
So buy gold now and buy the dip when the bubble pops?

The whole thing is a scheme to get middle class white folk holding cash to put their money into the market, so the new administration can account & tax their earnings and redistribute it for UBI gibs and new housing projects in suburban white areas. Crypto and stonks are their ledgers since income taxes can’t even carry social security, let alone health care.

>>28583991
Listen to this guy and you’ll end up with 0 assets and worthless fiat

Don’t listen to this guy and you’ll have assets and won’t be a assetless peasant who fomo’d out of owning assets

>>28573608
kek

>>28584560
Oh. And if you do listen to that guy, be prepared that when you fomo out and sell your assets, that you’ll never be able to ever own assets again, because you’ll be priced the fuck out for the rest of your life once you fomo out of the system

And this guy telling you to fomo out won’t be there to cover your ass, he won’t be around to help you get back into owning an asset again, he’ll be long gone

>invest in digital yuan. you don't win but you'll never lose.

chinkna numba 1 2025.

>>28569482
Is that the M2 chart?

>>28569617

Over 70% of that money creation was spent purely on economic metabolic costs. To the extent that there will be inflation, it will be insanely understated from what retard inflation doomers are saying.

>>28585082
>economic metabolic costs
Could you explain more? The money doesn't simply disappear once it's spent for its intended purpose.

>>28585345
>The money doesn't simply disappear once it's spent for its intended purpose.
Are you retarded? Money creation and destruction is the core of modern banking.

>>28585458
Money is destroyed when debts are paid, taxes are paid, etc. Is there any evidence this destruction has actually occurred? If anything I'd say it has increased, for example corporate debt actually increased by around half a trillion dollars instead of decreasing like during every other recession.

>>28569617
This. But I did buy physical gold too just to hedge against both inflation and crypto halving

>>28585537
>for example corporate debt actually increased by around half a trillion dollars instead of decreasing like during every other recession
That tells you right there. There are still massive outstanding debts to suck up a good chunk of the current inflated money supply.

>>28585082
If a ton of paper money is injected into an economy, and that money contains value "backed by the federal government," and then another country also injects a ton of money into their economy which is also "backed by the central government," was noticeable inflation actually felt? Paper money is based on nothing and currency only has value because 1.) people think it does and 2.) currency values are merely determined by their relative value to other global currencies

When one country thinks the supply another couppe of countries can thin their supply and the difference is barely negligible. And when all the countries share in essentially the same banking cartel, what would stop them from doing this?

>>28585616
I'm not convinced this is what's going to happen, though. I haven't checked the stats in a while but the percentage of "zombie companies" are at ridiculous levels. I only see debt increasing going forward.

>>28573749
1 trillion was this month, we’ve barely hit 1.5T yesterday before a breather.

>>28585537
>Is there any evidence this destruction has actually occurred? If anything I'd say it has increased, for example corporate debt actually increased by around half a trillion dollars instead of decreasing like during every other recession.

That would be the metabolic costs. If you're not producing anything of value (or in the case of lockdown, anything at all), your debt must increase or you must go out of business. What happened to the global economy was not a recession, even though the chimps on CNBC might describe it as such. In a recession some underlying problem in the economy is brought to light and induces a drawdown in economic activity. In the current scenario, the economic activity is there - indeed, probably amplified after lockdown finally ends - but it's being blocked by exogenous factors.

>>28585671
>Paper money is based on nothing and currency only has value because 1.) people think it does and 2.) currency values are merely determined by their relative value to other global currencies
Correct. And because the US has had such a small (relative to GDP) printing spree, the USD is likely to deflate in the short term, not inflate.

>>28571716
It did in March and was the fastest shit to recover and made the most gains.

>>28585616
>It's ok we can print reichmarks to pay off war debt because it's all going to France and England to pay down debts anyhow

You do raise there's a counterparty getting that debt paid right anon? ABC they're going to do something with that money right? And that the entire purpose of the monetary expansion was to a) fund a massive govt that can't get foreign nations to buy it so it sells it to the american public via the fed and b) to prop up house of cards asset prices

>>28585930
>t. Phonefag causing typos

My shitcoins I’ve been holding for 4 years have done a 3.5x in the last 3 months. All I know is these bull markets don’t last. Enjoy it, take profits while you can.

>>28573326
I’m a leaf. Have you seen our in store prices?

>>28586008
Posted the wrong % version but you get it.

>>28569482
It's all cause of jay and jack

>>28573739
t. JPow himself

>>28583344
The US is not fully in control of its outstanding debt anymore, read your Pettis.

>>28574291
You are worried because you don’t understand the fundamentals behind what you’ve invested into anon.
If you can’t afford to stomach some brutal dips before the inevitable, DCA out into stablecoins and then DCA back in.

>>28585819
Fair.

Pertaining to your response to the metabolic costs anon, would you agree money not spent due to external factors (lockdown) could be considered concentrated into the hands of individuals that would have normally spent the money? By my observance the only people harmed by recent external factors were the vast swaths of individuals who live a paycheck away from danger. Middle, upper-middle and upper tier individuals seemed to have made out dramatically well as a result

>>28573143
No one knows.
(pic related)

We've clearly still got remnants of 'disbelief' from people around here. This market's going to run for quite a while yet, with notable dips along the way.

>>28583344
So best course of action, buy gold? And use it to pay off my mortgage 25 years early?

>>28569482
When everyone thinks it going to crash it will do the exact opposite.

>>28569617
This

>>28569482
I fucking shorted this shit two weeks ago thinking there would be a pullback

>>28573624
What?

>>28586649
The pullback was a month ago when it dumped from 42 to 28.

>>28570387
automation and ai

>>28581240

Everything is shrinking too. Maybe it's just my local joints, but my Taco Bell shrunk the beefy 5-layer burrito to a comical size, and the Burger King Whopper Jrs are like regular cheeseburgers now.

Actually, it's probably a good thing for America's health. Fast food no longer seems worth it.

>>28586304
>would you agree money not spent due to external factors (lockdown) could be considered concentrated into the hands of individuals that would have normally spent the money?

Yes, of course. Especially when you take the predictable market drop & recovery into account; people with spare liquidity (which was everyone who didn't need to blow $600 on survival costs) got to make really easy plays.

>>28581240
>>28582321
Yeah but think of the target demographic of fast food places. Lower income. From what >>28587384 and I agree on, what could be construed as "inflation" is really only affecting the lower class earners. Keynesians would combat this by increasing minimum wage, paying zero attention to the applied implications it might bring aka fewer individuals able to sustain employment. That being said, a greater pool of unemployed and discouraged workers brings it's own political advantages