Why does everyone keep pretending the economy is bad?

[Anonymous No.24959768]

>most people seem to still have jobs (banking, engineering, tech, construction)
>construction booming
>stock market sky high
>btc over 20k, link over 10 bucks
Okay people aren't traveling that but that will pass. What exactly is the problem?

[Anonymous No.24959810]

>>24959768
Normies just parrot whatever late night talk show hosts say.

[Anonymous No.24959824]

>>24959768
>most people seem to still have jobs (banking, engineering, tech, construction)
only a third of the US population has a full time job

[Anonymous No.24959825]

>>24959768
Now this is some good bait

Seriously tho, taken a walk around Manhattan lately? Shit is boarded up, fuck think of it this way, if it DOESN'T have a ticker on the stock market, meaning it is big enough to be publicly traded, then its failing.

[Anonymous No.24959845]

niggers and rich white people want middle class crackers to pay for the former

[Anonymous No.24959847]

>using link - a shit coin as a measure of the economy
most people are not working in banking engineering tech or construction...

[Anonymous No.24959917]

>>24959768

>t. NEET

[Anonymous No.24959940]

>>24959768
Money printer go brrr

[Anonymous No.24959966]

Rent is like $300/mo higher now and no one is hiring?

[Anonymous No.24959985]

>>24959824
>all the lefty states, full of brown people, that give handouts, and force lockdowns have high unemployment
Imagine my shock.

[Anonymous No.24960006]

>>24959825
Not intended to be bait. I live in Florida. Everything seems normal. Traffic is normal, we have less tourists but my morning commute is normal, everything is under construction. Restaurants are open. Only thing that is closed are nightclubs. Other than some faggots walking around with masks on everything seems fine.

>>24959847
Okay what are some bad industries? I know there is hotel and restaurant... that's not great.

>>24959966
I mean my cost of living has gone up, but it did between 2010 and now anyways, and I make more money. Also rent in most places is down.

[Anonymous No.24960054]

>>24959824
>one third elderly and retired
>one third young and in school
>one third working

[Anonymous No.24960141]

>>24959768
There are still disruptions, and the initial total locksdowns in multiple countries did cause a shock to the supply chains of the largest companies in the world.
The most catastrophic aspect It's small businesses, large amounts of closures induced by the lockdowns followed by landlords getting screwed, hasn't got to the banks yet so things are not as bad since like I said the damage is localized, depending on the nation etc.

overall just slightly higher unemployment, localized catastrophically higher in some touristic/suburban areas with small and medium entertainment and restaurants brink bankruptcy or bankrupted all together.

[Anonymous No.24960166]

>>24959768
it hasnt even started lmao

[Anonymous No.24960176]

>>24959768
There is no problem. Most jobs lost due to covid are from over leveraged service sectors like restaurants. That bubble was due to pop anyways. The side effect of this is legislation tanking landlord incomes as well as allowing for more over levered assets. The problem is in our response to a non problem.

[Anonymous No.24960180]

>>24959824
the weak and stupid who don't have marketable skills deserve to die. If you want handouts go to China, you commie chink

[Anonymous No.24960239]

>>24960166
mfw it begins

[Anonymous No.24960273]

>>24960141
I mean these small businesses that didn't have any cash reserves were on borrowed time anyways, right? Like restaurants that had to close so quickly, how the fuck can you run a restaurant and have no buffer?

Also why did we give loans to restaurants anyways? It's not like it's hard to open a restaurant, if they went broke they could just re-open when things are better in a new location. Ridiculous.

>>24960176
I see. Yeah, that makes a lot of sense to me, see my comments above.

>>24960166
>>24960239
Okay so what happens?

[Anonymous No.24960286]

>>24960273
>Okay so what happens?
not your grandpappy's depression, i'll tell you what

[Anonymous No.24960399]

>>24960286
>doesn't have an answer
>reddit reaction images
seems about right

[Anonymous No.24960457]

>>24960006

Most service industries are suffering. You also need to keep in mind IQ distribution. A fair amount of people are not smart enough to succeed in the knowledge based economy. Those individuals are the ones who are suffering right now due to corona because their jobs are being eliminated or are shut down due to local government posturing via social distancing policies. Also the effects of corona are impacting industries that are not service based.

Example: I work for a large IOT chip maker. My company is currently hurting because our largest customers are in the retail space. Because no one is spending money on retail + social distancing, the retail companies are placing less orders / placing projects on hold using our technology in order to conserve capital $. I'm new to the company and almost didn't get the job because 2 weeks after I started, my company closed all of our open reqs to save money..

People seem to forget about the ripple effects of job loss / economic pain.

[Anonymous No.24960545]

The problem is that we still have to work. Productivity per worker has increased tenfold, if not hundredfold, in the last few decades, and yet we have to work just as long hours as they did because real wages have stagnated for all but the elite. It's BS. We should be living in a basic income utopia by now.

[Anonymous No.24960560]

>>24959768
The service economy was always a joke. Real value is still being produced. Imagine how secure you would feel if you were sitting on fat stacks of fish like I am.

[Anonymous No.24960634]

>>24959985
"Brown people" or Indians make $135k a year per household in the US.

[Anonymous No.24960658]

>>24960457
For sure will be some of that, but, malls here are open anyways and nationwide probably by end of next year now that the vaccine is here.

>>24960545
Most of that is because of automation though, right? I mean like nobody needs a secretary anymore, they've literally been replaced by Office 365. I mean I feel like I get paid fine for what I do. Not exactly going to get a jet anytime soon, but, I'm able to save/invest/live comfortably.

>>24960634
Usually when /pol/ says brown people they mean mexicans, but our mexicans (well, cubans) are working just fine. Lots of construction.

[Anonymous No.24960725]

>>24959768
The economy itself is the bubble.
You think it is good.
Meanwhile, the Fed and the government has to keep printing money to keep the bubble afloat.

If they stop printing money, the economy will go through Great Depression.

If they keep printing money, the Great Depression will not show in nominal terms, but only in real terms.

[Anonymous No.24960748]

>>24960658
>Most of that is because of automation though, right?
The internet is also a huge factor.

[Anonymous No.24960788]

>>24960658

Secretaries still exist. Their primary purpose is to read and filter emails for executives and set their meetings, who receive thousand of useless messages / meeting invites a day. This is something that cannot be automated and will not be automated anytime soon because a computer cannot discern what is an important business opportunity or know the relationship between two people. AI operates off of data points. Most communication between executives is verbal or happens in person, thus no data points to examine.

[Anonymous No.24961001]

>>24960725
Nice ID. Yeah I've heard about the economy inflating up, but, never really seen a good argument about it. I mean we had inflation after the last recession too but we're fine.

>>24960748
Makes sense.

>>24960788
Yeah, I mean maybe for really big executives. But it used to be tons of people had secretaries. I get a lot of meeting requests and can quickly sift myself. My job used to have a secretary back in the day.

I think mostly what big companies are finding is they have a lot of useless employees that they can get rid of and make the ones left actually work.

[Anonyмous No.24961013]

>>24959768
Read, fool.

[Anonymous No.24961034]

>>24960634
I meant nigs and spics. You pajeets are alright.

[Anonymous No.24961071]

>>24959825
California and New York are dying, not because of the economy but because of taxation.

[Anonymous No.24961099]

>>24959768
>What exactly is the problem?
government shutting down businesses

[Anonymous No.24961163]

>>24961099
I thought Americans had guns

[Anonymous No.24961182]

>>24961001
We didn't print money back in GFC, contrary to what people have been saying.

Monetary stimulus (QE) alone is basically bank recapitalization, and is not money printing as the money only gets to the economy if banks do lend. That's what we did in GFC.

Fiscal stimulus alone is basically wealth redistribution through government spending, and is not money printing.

Monetary + Fiscal stimulus is a different beast. Banks are recapitalized, and then that capital is used to buy new government debts, and so the government spending is financed by funny money. This is money printing.

[Anonymous No.24961298]

>>24959768
>construction booming
>ignore all the deflationary data all over the world
This is bait.

[Anonymous No.24961304]

>>24961182
>We didn't print money back in GFC, contrary to what jew shills have been saying.

[Anonymous No.24961901]

>>24961182
so that's us now?

[Anonymous No.24961970]

>>24961071
Taxation and now the insane lockdowns here in CA

[Anonymous No.24962006]

>>24959768
>>construction booming
i wish, the industry is fucked up right now

[Anonymous No.24962068]

>>24961901
Yes. This time is nothing like the GFC.

[Anonymous No.24962102]

>>24959768

As soon as Biden is sworn in the economy will become “good”

[Anonymous No.24962126]

>>24959768
You're about two months behind the times OP, Biden is now elected, so everything is great again.

[Anonymous No.24962131]

>>24959768
You definitely live in a middle American bubble

[Anonymous No.24962198]

>>24960560
Aquabounty bro?

[Anonymous No.24962269]

>>24960658
If somebody today can do the job of themselves , their accountant, their secretary, their mailman, that means their productivity went up. and yet their wage is the same or went down adjusted for inflation.

[Anonymous No.24962329]

I've seen family owned restaurants and stores that have been open for decades now closed because of covid. Many of my friends in service industry that work as bartenders, waiters/waitresses are out of jobs. My Tech job got outsourced to India because of covid -- it's cheaper there then it is in NA.

Economy is a lot more than just stock market numbers you fucking retard. Go outside and talk to some people you fucking turd.

[Anonymous No.24962492]

>>24962198
When I cash out to fiat I use ISK which you can effectively always redeem for fish.

[Anonymous No.24962583]

>>24961298
>deflation
This is bait

[Anonymous No.24962901]

>>24960658
>mean like nobody needs a secretary anymore, they've literally been replaced by Office 365

What exactly do you think secretaries do?

[Anonymous No.24962981]

holy shit there are some real retards on /biz/ jesus christ

I hope you never make it

[Anonymous No.24963537]

I build powerlines, work hasn't changed whatsoever despite there being niggers at home more often to complain about noise I'm making.

[Anonymous No.24963638]

>>24960545
>We should be living in a basic income utopia by now.
the reason that they went the way they did instead of allowing that utopia is because in that utopia, number doesn't go up for them as much as it does when they import the entire third world and run the inkjet constantly.
they might ruin your way of life and your history and country and standard of living and quite possibly get you killed, but as long as their number goes up its cool

[Anonymous No.24963653]

The jobs aren't real.
If you can WFH, your job isn't real.

[Anonymous No.24964040]

>>24961182
QE implies money printing. How else do the balance sheets pan out if there isn’t a source of funds from somewhere?

[Anonymous No.24964184]

>printing money
>digits go up!
>economy gud

Anyone 18+ knows how it was in the 2000s, and 30 yo boomers know the 90s, quality of life is at an all time low. Even if you make 6 figures theses days you are essentially a peasant. Zoomer fucks are literally born life long debt slaves.

[Anonymous No.24964250]

>>24964184
Quality of life is up but relative to purchasing power it is down. Life’s luxuries are made possible by chink slave labor and as dxy tanks so too does our lifestyle as it becomes harder to import foreign goods

[Anonymous No.24964449]

>>24959768

God, she's so enjoyable to look at.

[Anonymous No.24964757]

>>24960399
He gave you an answer. Are you seriously so stupid that you cannot interpret what he said to you?

[Anonymous No.24965080]

>>24963653
back in the cage, wagie.

[Anonymous No.24965143]

>>24959768
It’s bad-a huge amount of small businesses are fucked, 40% of renters face eviction, hospitals are cutting pay while asking workers to come in and risk dying. Shits on fire yo.

[Anonymous No.24965393]

>>24959768
>>most people seem to still have jobs (banking, engineering, tech, construction)\
jobs pay shit, benefits are shit
>>construction booming
artificial
>>stock market sky high
stock market is 90% held by the 1%. so THEY are doing fucking great man
>>btc over 20k, link over 10 bucks
unrelated to the economy fren

[Anonymous No.24965648]

>>24959768
did she already post some more hardcore stuff?
I'm counting on you guys to keep me posted

[Anonymous No.24965809]

>>24965648
wiki.eat is your best friend.. all of her shit ends up on there

[Anonymous No.24965993]

>>24964040
The money is only kept as bank reserves anon. The Fed can do 6 Gorillion QE and it won't cause any inflation if banks' risk assessment for lending is still the same or even stricter (it became stricter after the GFC).

[Anonymous No.24966010]

>>24961071
>because of taxation.
This is why I don't trust random retards on the internet.

[Anonymous No.24966093]

>>24959768
lol you fucking retard, do the barest of research and you'll see how fucked you are

[Anonymous No.24966114]

>>24966093
Are essential workers also at risk?

[Anonymous No.24966140]

I don't know about the USA but Europe is teetering on the edge due to the Italian bad debt contagion, I imagine deutsche bank won't last much longer. Its price chart is literally shitcoin tier.

Hong Kong economy is a massive massive property bubble that will dwarf the US sub prime mortgage crisis if it ever pops, and will kill HSBC bank which will in topple how many dominoes.

[Anonymous No.24966176]

>>24965993

What do you think QE is? If the fed buys a bond, that's one less bond the government has to sell to someone for real money. Of course that inflates the money supply. Has nothing to do with what banks do (mostly what the government tells them in exchange for guaranteeing they make money). The only reason this hasn't lead to inflation is because 1. it has (CPI is rigged), 2. there is a massive flock the dollar as a safe haven due to current world economy being shit (USD is the tallest midget so all the foreigners buy it up) 3. technological progress hides it (per worker productivity skyrockets but quality of life of workers is worse which is hidden inflation)

[Anonymous No.24966209]

>>24959768
BTC over 20k isn't because economy is good lol.

[Anonymous No.24966254]

THIS FUCKING BITCH, I KEEP SEEING HER. GOD I WANNA COOM IN HER BUT I ALSO HATE HER SO MUCH.

[Anonymous No.24966337]

>>24960286
>not your grandpapys depression
yep this fake manufactured destruction of the economy isn’t like our own doing, it’s the viruses fault! humans are fucking retarded i swear

[Anonymous No.24967416]

>>24966176
Holy shit you're a literal brainlet, it's illegal for the Fed to buy t-bills at auction, it buys them from the banks' balance sheet
>real money
As I stated you're a brainlet, look up what fiat and money means

[Anonymous No.24967690]

>>24959768
My parents at my age were buying their first house, had 2 kids, 2 big cars and my mother stayed at home.
I'm renting a small apartment, still paying student debt, still have my first (used) car and we can't really afford kids (=big house) with my gf let alone having her stay at home full time.
I have the same job as my father.
The reality is that millenials never experienced a "good" economy" as adults, we're just going through a slow permanent erosion, "boiling frog style", of the middle class.

Pauperisation of the US is happening, we're the first generation who will be noticeably poorer than the precedent, especially since boomers will all die at 90 yo.

[Anonymous No.24967879]

>>24959768
probably not the best comparison, but i was out in Melbourne on Friday night last buying presents and it was fucking dead compared to last year. We have maybe five cases of covid in melbourne and they are international arrivals, so there is basically no reason not to go and shop like it was christmas last year. Even the suburban shopping centre we went to afterwards was unexpectedly low. I think a lot of people have just started buying everything on line. Our major retail stores will probably shut down by next year.

[Anonymous No.24968345]

>>24959768
post eet

[Anonymous No.24968373]

>>24967690
This and it’ll get worse as the generations go on

[Anonymous No.24968408]

>>24959768
broadly speaking, we live in a two tier society. upper tier: white collar professionals; bottom tier: service industry wagies. and then there are people somewhere in between, like tradesmen and such. the upper tier is fine. only the bottom tier is doing badly. but the bottom tier does not have any money, so it doesn't matter. look at the companies on the f500 list. how many of them take money from bottom tier wagies? not very many.

[Anonymous No.24969029]

>>24959768

there's still a ton of demand for warehouse workers

the great cage migration will happen eventually once unemployment and stimulus is really dried up

[Anonymous No.24969086]

>>24961034
No they really are not. And that number is PER HOUSEHOLD and considering there are about 15 Indians per household it’s a pretty terrible number.

[Anonymous No.24969119]

>>24969086
>that number is PER HOUSEHOLD and considering there are about 15 Indians per household it’s a pretty terrible number.
maybe in India, every Indian family I know has exactly 2 kids

[Anonymous No.24969140]

>>24963537
Same here. All the real jobs kept on working.

t. Construction Project Manager Chad

[Anonymous No.24969163]

>>24959825
Whatever Manhattan is fine had a great time there last week and everyone is ordering take out anyway

[Anonymous No.24969305]

>>24969119
t. Indian

Most Indian households have multiple generations of family living in one house. Indians also act alot like Jews, they only hire their own and once one gets a job he brings 10 of his cousins in to work with him.

[Anonymous No.24969355]

>>24969305
no I'm a white guy who lives in Fairfax Virginia, had a lot of Indian friends in high school. Where do you live?
desu I think you don't know what you're talking about lol

[Anonymous No.24969434]

>>24969355
>yes sirs very well I am white like you!
Shut the fuck up poojeet or post hand.

[Anonymous No.24969471]

>>24960180
I don't think the Chinese are known for giving their citizens handouts..

[Anonymous No.24969716]

just realised that Lehman Brothers wasn't bailed out because of it not being sufficiently interconnected with EU.
Easiest business in USA you can possibly make is one that is big enough to have impact on the euro if it collapses. Because of the codepence between EU and US, and dependence between EU and China, your business will be bailed out 100% of the time.

[Anonymous No.24969777]

>>24966254
Chill out anon, people like you are why she's a millionaire.

[Anonymous No.24970111]

>>24960634
I work in software. So sick of pajeets

[Anonymous No.24970156]

>>24959768
>>most people seem to still have jobs
Go fuck yourself.

[Anonymous No.24970183]

>>24969434
uh oh you got me!!!! dumb fuck

[Anonymous No.24970210]

>>24969434
now explain how YOU know so much about Indian households

[Anonymous No.24970365]

>>24959768
I'll take redundancy for 200 Alex

[Anonymous No.24970618]

>>24960658
Back to /pol/ for you!

[Anonymous No.24970837]

>>24970183
hahahahahah that hand is brown as fuck poojeet holy shit, even the palm of your hand which is the whitest part is brown lmao

>>24970210
I bang poojeetas and also I live in Canada

[Anonymous No.24970849]

>>24967690
This

My current job would have given me twice as much purchasing power even 30 years ago. And I'm lucky I even have a desk job. A lot of friends my age are in the retail industry trap