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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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17872191 No.17872191 [Reply] [Original]

Please someone tell me something. Is this the the big one? Is it true it's worse than the1929 stock market crash?! I wanna know for fuck sakes!
JUST GIVE IT TO ME STRAIGHT!!!!!

>> No.17872210

It's already over
Quinine is the cure

>> No.17872228
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17872228

What's happening is I'm making money off of others' suffering and it feels good

>> No.17872241

>>17872210
Close, but yes. On both counts.

>> No.17872246

>>17872191
No one knows

>> No.17872301

Trump fucked up the response and was too stupid to prepare so the economy is shutting down snd the markets are reacting accordingly. We aren’t even testing people because the president disbanded the pandemic response team and was calling it a hoax instead of funding test production so now hospitals are flying blind snd rationing tests. The administration was also running a high deficit and not bothering with any normal economic safe guards to help fuel enough of a boom to help re-elect the president which made the whole thing precarious and overdue for a correction which is increasing the severity of this crash.

Actions have consequences and this is the situation that was created though incompetence.

>> No.17873098

>>17872191
Virus will fuck shit up and as soon as that's cured and done, hyperinflation, thanks to Trump's and the feds severe autism. This is the big one.

>> No.17873139
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17873139

>>17872228

>> No.17873141
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17873141

It’s an actual Happening and I am ashamed to say I didn’t get ready.

I kinda have enough food but I will only be able to prepare $800 or so of stacked metal. Better get my knee pads on.

>> No.17873177

Bitcoin gonna moooooooooon :S
:D

>> No.17873184

>>17872210
Finna boutta get pissed on Gin and Tonics boyos

>> No.17873195

Dow 30k by October.

>> No.17873208

>>17872191
The fed cut the reserve requirement to 0 today. Now correct me if I'm wrong, but isn't that fucking terrible any which way you slice it anons?

>> No.17873217

>>17873141
Feels more like a large-scale test to me

>> No.17873236

Nothing is happening you guys. When the military comes out, its chill. Nothing special
Just keep NPCing along

>> No.17873263

>>17873195
4-dimensional cope.

>> No.17873332

>>17873208
It means they dont have to have any cash in the vault to cover all their deposits anymore so you could potentially go to the bank for your money and it's possible they just dont have money to give you

>> No.17873368

>>17872191
This will be the worst thing that has happened in the history of mankind. The dollar and all other currencies on earth will be completely destroyed by inflation. The market will crash to 2009 lows and keep falling. There will be food shortages, massive civil unrest and another major world war. God will unleash his wrath upon the earth after the introduction of a new world currency, and everything you know as your life now will be unrecognizable. Is it happening? No, it hasn't even begun. Cap this.

>> No.17873378

>>17872301
nuh uh

>> No.17873384

>>17873368
Based and truthpilled.

>> No.17873392

>>17873332
right I get that. but wouldn't this also allow them to borrow and lend money infinitely without worry about the issue of illiquidity later? it seems like the fed could just keep printing money, banks borrowing it and lending bad debt until this devalues the USD greatly. Or maybe I'm looking at this wrong.

>> No.17873396
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17873396

>>17873368
ok

>> No.17873411
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17873411

>>17873332
That's a bad thing isn't it?

>> No.17873438
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17873438

>>17873368
Checked

>> No.17873549
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17873549

>>17872191
Perhaps the biggest happening in history. This just the begining.

>> No.17874309
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17874309

>>17872191
>worst than the 1929 stock crash
Not yet. So far only 1 circuit breaker has been hit and that's the -7% one.
For it to be as bad as the stock crash it needs to hit the -7%, -13%, and finally the 20% breaker.
If it hits the -20% breaker you can pretty much guarantee most publicly traded businesses will go under and you will lose your job.
What I'm saying is that you know all those 401ks, pensions, roth iras, etc? All of that will be wiped out by 50% and most will be wiped out by 75%.
You will see people nearing retirement consider suicide. This is a very real thing and it's no joke. If you are young or have no retirement then nothing will change for you unless you have a non-STEM job.
From what my company sees, there will be a reduction of 30% after CoronaVirus ends. Right now they can't lay anyone off because you can sue them if you contract the virus.

>> No.17874337

>>17874309
Meant to say "reduction of 30% of staff"**** meaning all non critical staff are going to get the axe.

>> No.17874365

>>17872301
Nothing you said is true. Do you get your information from r/politics?

>> No.17874371

>>17874309
it hit 13% earlier today for about 10 minuts

>> No.17874390

>>17873368
>a new world currency
so crypto. got it.

>> No.17874406

>>17872301
this

>> No.17874408

We don't know yet.
The question is how long it lasts, and how long it'll be until viable medications - both cure and vaccine - are in human testing, and how effective government imposed restrictions are at containing the virus, and if they're not, how bad absenteeism will be.
A few good news could turn this thing around by next week, but likely they won't come.

>> No.17874412

>>17872228
yet I short btc and it pumps due to tether bullshit

>> No.17874414

>>17874390
>requires half of the world's energy output to compute transactions
i don't think so

>> No.17874424

>>17873368
>destroying debt-backed currency paradigm will be the worst thing that has happened in the history of mankind
what's that rubbing sound?

>> No.17874434

>>17873184
I got two grand reserve rums and a bottle of stoli at home

>> No.17874470
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17874470

>>17874424

>> No.17874485
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17874485

>>17872191
WE ARE ALL GONNA FUCKING DIE

>> No.17874515

>>17874371
It's not for the DOW. I don't see the S&P reaching that low. It hit 11.98%, at close, but was heading down. I disagree with the prediction that markets open green tomorrow. I think in 5 hours (2 hours before open) people will wake up and make more decisions to sell before open.

>> No.17874655

douche bank is getting zoinked

>> No.17874689

>>17872301
Can’t tell if bait or not

>> No.17875512

>>17873368
guys this is it - we've peaked.

>> No.17875885

>>17872191
It's not the big one. The big one is in a few decades. Then you will literally shit your pants. There will be no mass medias scare. No quarantine or line at the supermarket. You will literally be afraid of dying.

>> No.17875900

>>17872301
Fuck off shill