/biz/ - Business & Finance

[Anonymous No.17853944]

Why is it so hard for so many people to understand why the stock market is important?
We have braindead retards like this running around telling people that keeping the stock market from crashing is not important and that this is only done as a favor to a few billionaires to keep their net worths from dropping. And people believe this and spread it around like it’s fact.
I kind of hope it crashes just so retards like this get laid off and have to eat crow
http://archive.is/CT2Js

[Anonymous No.17853965]

It's true though. The stock market is a meme, the only reason average people might care about it is because they were sold the lie of "just put your retirement into stocks and it will go up forever lol".

[Anonymous No.17854017]

>>17853944
So why does the stock market matter?

[Anonymous No.17854040]

>>17853944
why do we have communists like advocating for keeping the clown world going

[Anonymous No.17854049]

>That’s not to say that great news for the stock market never matters for regular Americans. But when it does, it can be bad for most of us. The economic journalist Doug Henwood explains it straightforwardly: “The reason the stock market has done so well for all these years is precisely because the working class hasn’t.”

[Anonymous No.17854057]

>>17853944
It really isn't that important to bail them out. What's happening is the investors have been cashing out big dividends for years, and when shit hits the fan the government bails them out rather than investors paying back into the companies. Basically just transferring money from the government to the investors. This isn't healthy.

[Anonymous No.17854094]

>>17853965
>>17854017
Because if it crashes millions of people will be out of work, retards.
It’s not a casino. It’s a representation of the financial standing of publicly traded companies which employ millions of people. If those companies fold there will be mass unemployment.

[Anonymous No.17854097]

>>17853944
Stock market matters for those who survive the virus. Boomers may die from the virus, but millennials still need a job and they are not going to get a job if all the companies are bankrupt.

[Anonymous No.17854133]

>>17854017
>>17854017

The job security of millions of people depend on its success. No stonks = no parent companies = no companies = no jobs

[Anonymous No.17854148]

>>17854094
So?
They made their bed, they will sleep in it.

[Anonymous No.17854182]

>>17854094
that's simply the perceived value of the company
after an IPO or any issuance of stock it's basically just collectible trading

[Anonymous No.17854196]

>>17853944

No bailouts. The companies fuck it up, they pay the price.

[Anonymous No.17854197]

>>17854094
>>17854133
i guess people will need to get new jobs and create new companies, learn coding or some shit
>t. crypto chad neet

[Anonymous No.17854199]

>>17854094
That's only because the system is messed up. Stocks are meant to represent the health of a company, instead the inflated gambling has turned it around that the health of a company (which supposedly provides some sort of good or service) is dependant on the stock movement. Shit is completely fucked.

[Anonymous No.17854222]

>>17854094
>>17854133
>>17854097
We are out of job prospects anyway. The younger generations are wageslaving for the minimum wage anyway.
The millennials and zoomers have nothing to lose, because they have nothing. It's the Gen X and the boomers who are going to get fucked both by stonks and by corona.
Just let it all burn.

[Anonymous No.17854238]

>>17854133
>>17854094
And? This whole paradigm is rotten. Let it burn.

[Anonymous No.17854252]

>>17854197
>chad
No you're actually a retarded faggot. Stop calling yourself a "chad" online while you spout such stupid fucking shit.

[Anonymous No.17854254]

>>17854197

I'm a physicist and I'd rather not lose my current job over mild coof syndrome.

[Anonymous No.17854300]

>>17854252
The virgin response

[Anonymous No.17854387]

>>17854222
I don't know about you, but even just out of high school the jobs I had at least paid 3-4$ higher than the minimum wage in my state. Maybe it's just because there's a low unemployment rate in MN, but employers here are more willing to give a good wage because it's hard to find people to work for them.

[Anonymous No.17854428]

>>17854387
How many decades ago was that?

[Anonymous No.17854431]

>>17854049
lol

[Anonymous No.17854437]

>>17854197
>calling yourself a chad
Kek you actually bought into the most pathetic meme in existence to the point of applying it to yourself

[Anonymous No.17854553]

>>17854431
Economists are already mostly full of shit. Add in marxism and they are so full of shit that they are exploding

[Anonymous No.17854560]

>>17854197
>the “chad” who will be the first one consumed by the masses once his welfare checks stop coming in and precious internet and lights go out that were once provided by the now insolvent “big bad evil corporations” he shit posts against

[Anonymous No.17854672]

>>17853944
They don't understand that all debts are linked to each others
>company A can't pay its bills to company B, goes bankrupt
>company B can't pay its debt to bank C and goes bankrupt
>bank C can't pay its debt to bank D and goes bankrupt
>etc...
>companies close
>people lose jobs and can't find another because more jobs are destroyed than created
>they can't repay their loans, become poor or homeless as a result

It's a chain reaction with millions of people being laid off.
In bonua now the banks not out of the game are fearful to give loans to entrepreneurs and the reamining companies which means they just either don't invest or give only high interests loans, crippling recovery.

[Anonymous No.17854743]

>>17854672
>government forgives ALL loans
>confiscates all assets from the (((bankers)))
fixed

[Anonymous No.17854760]

>>17854560
When i said chad, i didn't mean it just from a psychological point of view, i'm also a 6'6 fitizen kommando

[Anonymous No.17854796]

>>17854094
It's the companies collapsing that's lowering the value of their stock, not the other way around.
Propping up stock prices artificially with fake money while the underlying companies collapse changes nothing to the people that work at them.

[Anonymous No.17854801]

>>17854672
That's when DeFi rises and saves the day.

[Anonymous No.17854913]

Do you guys have any book recommendations if I want to understand the stock market, not from a point of an investor but to get an idea of its relationship to the economy?

[Anonymous No.17855049]

OMG society would fall apart if the patricians didn't give us jobs! Bail then out, more tax cuts, our lives depend on it!!!

[Anonymous No.17855095]

>>17854431
What's with Milton Friedman?

[Anonymous No.17855238]

>muh stonks
if you want to invest on anything buy guns and ammo cause everything is coming down soon and only this will save your life

[Anonymous No.17855253]

>>17854801
meanwhile, in the real world, maker keepers are buying ETH for pennies on the dollars for people retarded enough to put real money into the defi ponzi

[cunt No.17855289]

>>17853944
literally more people will die from the stock market crashing than the caronavirus, in the long term.

[Anonymous No.17855474]

>>17853944
One of my grand-relatives actually suicided himself during Black Tuesday.
Was driving his cattle to sell on market, and when he arrived the crash had already occured. Could only sell the cattle for a penance and he knew that day everything he had worked for his entire life was gone. Sent home the money and a letter in an envelope, saying farewell.

[Anonymous No.17855630]

>>17855474

>Feels

[Anonymous No.17855702]

>>17853965
This. If the government ignored it too (so as to prevent hyperinflation via the blatant manipulation by pumping it using the FED money printer) then the only losers would be big companies who invested, boomers who are heavily invested, and that's about it.

[Anonymous No.17855772]

>>17854743
You can't forgive loans like that because a large part of them are to foreign countries, it's almost a declaration of war, see:
>Repudiation_of_debt_at_the_Russian_Revolution
The immediate conseauence is that noone will loan the government or national companies any money or only with crazy interests to not get fucked over a second time. This translates in much less investment, trade, trust in the currency, etc...

You can nationalize the banks but same as the first point, you're pretty much expropriating foreign investors in the process, creating a fire in theirnown countries.

But let's say you carry on as a state leader, now you're leading a country isolated from the global scene, with a garbage domestic economy, no foreign investment/strade partners. Chances are people will be protesting you and powerful economic leaders plotting your downfall. Your last solution to stay in power and make it work is to go full imperialism with killing Bezos and Buffett, take their shit to mass militarize then launching WW3 to conquer the world and loot other economies to propel yours.

That's the thing with keynesianism and globalism, once you're in there are only crazy geopolitical changes left as a solution to get out. We could have had a soft transition with cryptos if we had more time imo but BTC is too shit (because of core) and other projects too immature for an alternative economic system.

[Anonymous No.17855785]

>>17854094
Who cares? They propped themselves up larger than they should have. If they're literally skirting the line between bankruptcy and not bankrupt they should've played better.

[Anonymous No.17855808]

>>17854222
You will be poor for the rest of your life

[Anonymous No.17855858]

>>17854238
Feels good to know there's others that don't care if it crashes and burns.

>out of a job
Been unemployed so why's it matter to me when none of these companies wpuld hire me for months

>stocks go down
So?

>but but but economy!
Ran out of reasons didn't ya

[Anonymous No.17855923]

>>17855808
Than why should we care if it crashes?