/biz/ - Business & Finance

IT'S OVER

>>50562778
I'm guessing nobodies going shopping anytime soon. Fuck food n sheeit.

The Bogs are after my portfolio specifically.

Biden is dead

Something about Americans needing to spend all of their money just to not die
>B-but muh household savings!
Obliterated

>>50562778
shortages. You can't make money without product.

>>50562815
I'm reading stories about oversupply ffs which is it

>>50562828
It goes back and forth in over/under supply. It's called the bullwhip effect.

Those stores bought extra tankers to deliver shit from china while ports were clogged, now that ports are unclogging, they realize they will have 10 times the chinese garbage they need to sale during a holiday season where noone will have money and will be scared to spend because of such an uncertain future.

Analysts are predicting retail super sale unlike an other as stores try to offload, so if you need a new TV, fridge, washing machine, or clothes, wait until January next year

>>50563023
4k 50inch tv while living below the poverty line here i come

oh my is that a new gpu don't mind if i do

>>50562778
Who's that semen demon?

>line doesn't go up forever
>surpisedpikachu.jpeg
lol whatever, it's fucking walmart, since nobody will be able to afford shopping anywhere else they'll survive. what is walmarts competition during a recession the dollar tree? lol

>>50562778
Chinkshit is too expensive nowadays

i thought the govment said there was no recession, if they lied this would be the first time ever in history

>>50562778
buy gme through computershare before your money evaporates

>>50562778
stagflation

>>50562778
The fucking pieces of shit on this board kept telling me everything was priced in including a recession so I went long on crypto and tech stocks. I'm not listening to you retarded faggots anymore.

>>50562828
It's this. Wal-Mart in particular is so overstocked that it's taking so long to get items on shelves the system thinks they must be out of the product and they re-order everything even though there's already tons in the back.

>>50563135
>transitory inflation
>2 weeks to flatten the curve

if the government says we're fucked is that actually bullish since they lie about everything by default?

>>50563213
Yes so that means we’re giga fucked as Yellen tries to explain we’re not in a recession as she changes the definition and Biden’s bedridden with COVID. Buckle up for 2008 part two electric boogaloo, this time the Fed’s going to cause the massive recession when Powell channels his inner Volcker

>>50562778
we told you;you didn't listen. you mocked us. we gave you BTC 2.0+big short tier play. with or without you it will work. you were all given this 2 years ago. even worse EVERYTHING THEY SAID CAME TRUE. you'd have to be short,ignorant, or a spook loving faggot who fears entities like Terry Davis to not be long on the one and only play. IT WILL CONSUME ALL.

>>50563261
who cares if bidens in bed, he's not real anyways. the presidency is a show. presidents don't run anything they're figureheads. same with prime ministers, trudeau hid inside his mansion for years doing nothing and canada kept going, you'll be fine with biden in bed, it doesn't matter

>>50562778
Turns out when gas prices are 2-3x what they were the year before, it costs more to ship fucktons of shit around the globe and to thousands of stores across the country.

>>50562778
All the poorfags that got stimmy checks are finally running out of money. That means less shopping at big box retailers. Maybe prices will finally come back down.

>>50563023
China won! So that one guy coughed once was a out this marketing, clever.

>>50562778
we're on the cusp of the greatest economic crisis in a hundred years and they can't fudge the numbers anymore
its going to break loose any day at this point

>>50563388
checked. WASF!

>>50563336
this man, cmon

>>50563080
I'm not buying plastic Chinese garbage ever again.

>>50563156
Good, at least on reddit you can talk to people, this site is overstuffed with miserable boomers and retarded Americans.

>>50562778
Inflation is too high, so consumers are cutting back and buying less stuff. This also means Walmart has lots of extra stuff sitting around that they need to get rid of, or else their warehouses will fill up. So they'll have to lower prices

>>50563364
>All the poorfags that got stimmy checks are finally running out of money.
Little girl that money ran out last year, two 1.2k USD checks and 600 bucks doesn't last long when you rent.
Lmao, you're so fucking out of touch.

>>50563023
This. Inflation really is transitory and non-monetary contrary to what /biz/ says

>>50563454
Everyone says that.
Until they need to buy $27.99 'Made in McBurger' USB cables.
>yeahah, I'll maybe just take that $2.99 chink one instead, thanx.

>>50563364
dude, studies were done, the stimmy cheques had almost no effect whatsoever on the market. you're repeating a wives tale urban myth

>>50563454
good luck buying a television made in america lol

>>50562778
Its Gamestop's time to shine

I've had my pre built desktop computer since 2015 that cost my parents $300. I'll finally be able to get one for cheap now lol

>>50562803
finally, something profitable KEK

Needed to liquidate your bags so all these funds can afford to close their GME shorts and pay me ludicrous sums for the opportunity

>>50563364
ok, my time has come, it's time to close all my chrome tabs and sell my zha0 bag.
I will never be rich

>>50563559
At some point the price to import will be too high due to fuel costs. Thusly, everything will be made in the USA again and the markets reach an equilibrium. Is Biden unironically MAGA?

Everyone's poor

So are houses going to be affordable again or what?

>>50562778
The recession that Biden and his faggot cabinet are in complete denial about.

>>50563156
I told you it wasn't, and to buy Vertex pharmaceuticals and hold cash for incoming deflation

>>50562778
white house "two quarters of negative gdp growth isn't a recession, goy" was aimed at normie retail investors -- exit liquidity for the jews.

>>50567611
Are you joking?

>>50567611
No. Even if listing price is down 10% from highs, you'll pay 9% interest on a mortgage. What part of you'll own nothing and be happy don't you understand?

>>50562778
it's almost like.... inflation is impacting purchasing for firms and they are holding the line on prices and slowly walking them up so as not to spook plebs....and therefore
less profit

kys if you arent aware of this

>>50563156
>everything was priced in including a recession
imagine unironically thinking a global depression is "priced in"

>>50569827
"the sodomy? oh that's priced in honey"

>>50563156
Bruh you can't be serious hahahahaha

>>50563213
Nah that's the other way around. If they admit we are fucked, it means we are ultragiga fucked beyond comprehension in reality.
And really, it's not hard to see, we are already collapsing in so many areas. The demography of western nations alone is bound to destroy us. How are we supposed to function when half the population are senile old fucks on pyramidal financed fixed pensions and social security? It will be the final gift of the boomers, the generation who keep on delivering up to the very last minute.

Either we kill all the retirees, or we are doomed to collective suicide. Problem is they still control all the capital, especially real estate, and since capital = power, they will do everything to save themselves and sacrifice us all in the process. That's already what's happening since years.

>>50563454
good luck

>>50562778
>walmart earnings report - down 8.44%
There is no recession to see here, folks, please go back to talking about Ukraine and gay man pox illness.

>>50571506
lol, tried it just now as well. it kept flagging my post as spam until I changed that word.
The gay man pox illness word can't be used here.

>>50563135
The recession is transitionary. The jew money witch said so.

>>50571748
Technically every recession is transitory, until you reach the one that causes your nation to fail completely and be replaced by a new one.

>>50563662
kek baggie

>>50562795
Walmart and Target sell food at a loss to kill competition. Their profits come from the useless chinese trinkets, which no one is buying anymore.

>>50567611
Yes. I'f you manage to keep your job.
>inb4 seething hoomers cope about muh black rock or low supply

>>50562778
Tomorrow is FED day, i suspect inside information is being leaked, maybe 100 basis point, according to https://www.investing.com/economic-calendar/ the consensus is at 75 bp.

>>50563504
>he doesn't know about extended unemployment, PPP fraud, not paying rent, not paying student loans and child care benefit.
People got so much free money it's unreal.

>>50562795
This. I haven't gone to a Walmart in 2 months

>>50563023
>>50563080
>>50563454
They will dump it all in a landfill before selling it for cheap to the public, just like tie dumped milk, meat, and produce in 2020.

>>50562778
Microsoft and Google too.

>>50562778
Retail fag here that competes against these guys online. NO ONE IS BUYING SHIT.
I have a semi well known small brand and traffic is down 70% and sales down 50% from two years ago.
These VERY COMPANIES are putting up closeouts and liquidation BY THE TRUCKLOAD for like $5,000 delivered.

Right now I can get entire truckloads of Home Depot brand new products for about that or less delivered. Depends on product category.

We are at the phase that storing goods costs more than the money you would make by selling them. I have been in liquidations for years and this is typically how it goes when things get back.
There is no end in sight.

Probably stimulus checks by October. Cap this. A second stimulus before the holidays.
Then total collapse in early 2023.

>>50562803
If Biden dies the markets would jump 10% overnight. Then crash the next day when they all realize Kamala is taking over.

>>50575141
Depends on the product.
They will liquidate it to people in the aftermarkets first. But eventually they will destroy it you are correct.
THEY FOR SURE WILL NOT allow retail customers to get closeout prices.
But I make my living on this stuff and you are entirely correct, they will begin scrapping it all eventually.
I buy from several big corporations as their last stop before the landfill or recycling center.
Typically this gets me about 20% under cost to produce prices. But after that they are throwing it away.

>>50562778
I want to buy and build things but why would I build anything when the price of lumber is absolutely ridiculous?

>>50575141
This is the unfortunate reality. Just take a look at car parks for unsold cars for example

>>50562778
>WTF is happening?
Pic related.

>>50578602
>This is the unfortunate reality. Just take a look at car parks for unsold cars for example
can't be true

>>50563119
>Chinkshit is too expensive nowadays
which unironically is a good thing.