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/leftypol/ - Leftist Politically Incorrect

A collective of people engaged in pretty much what the name suggests
Winner of the 81rd Attention-Hungry Games
/y2k/ - 2000s Nostalgia

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File: a46710a2ed37ffd⋯.jpg (62.28 KB, 775x514, 775:514, IMG_20180205_092109.jpg)

 No.2380778

Thread for the next crisis in global capitalism, monitoring markets, and theoretical discussions.

original post:

How can a lefty exploit this to their advantage? Is it too soon to try? DOW down about 1000 points since Thursday.

https://www.usatoday.com/story/money/2018/02/05/dow-falls-300-points-open-extending-declines-last-week/306400002/

Post last edited at

 No.2886558

>>2886556

It is not lying to yourself, it is accepting the messiness and carrying on nonetheless. And doing this doesn't mean you let go off your radical left ideas. Think about this, if depressed people where actually that bad for porky why from all health institutions the mental sector gets the least founding of all?


 No.2886560

>>2886558

Because it's easier to buy a private island/bunker + bodyguards.


 No.2886561

>>2886560

So you believe that being loaded with mental problems and inconsistencies somehow is gonna help the radical left?

Or are you using this (maybe even in an uncounscius level) as an excuse to not to anything about your problems by diving into the realm of fantasy to hide the inconsistencies you see (but refuse to admit).


 No.2886562

>>2886561

I'm already taking anti-anxiety meds, thanks.


 No.2886567

>>2886562

I took that shit dude, that shit wont help you in the long run. And if you plan to quit it the ride will be painful. SSRIs and anti-anxiety drugs help but they dont tackle the root cause of your anxiety. I personally recommend you to go on a psychodelic journey, all the anxieties I had vanished after I tripped on acid. I think a lot of the anxiety people suffer from comes from how you interpret the real, the good think is you can change the way you interpret it.


 No.2886574

>>2886567

fuck off hippie reformist.


 No.2886575

>>2886567

>the good think is you can change the way you interpret it

Global warming and deforestation are a red herring, and the real deal is in the rising acidity of ocean water, which will lead to extinction of marine life, and all the oxygen production therein. Capitalism is responsible for all of this. Interpret this another way. Go.


 No.2886589

>>2886575

Ok what I mean by changing the way of interpretation of the real is not to ignore global warming/rising acidity of the ocean (which thank you for informing me since this is something I am oblivius to, I will look into it) and accept capitalism, NO. I am talking here about how you can accept all of this things, how you can strive to change them BUT dont let them affect you in a way that gives you anxiety/depression. I am not talking here about some kind of new age "inner peace and quiet" while the whole world goes to shit. But look at it this way, porky wants you to be a helpless and dysfunctional individual. That keeps you low on the social scale and I think everyone in the left should not be a lifestylist hippie who doesnt want to use capitalism to his/hers advantage.


 No.2886607

>>2886589

>just don't let it get to you, bro

Very helpful. Destruction of capitalism is the only hope for a future we have. Not reform. Not regulations. Not incremental change. Complete and total destruction of the system, along with everyone who supports it.


 No.2886686

File: de2c7494c3b9531⋯.jpg (111.59 KB, 640x442, 320:221, 5ELwbqWEp_BBQYTa2tghrmaO8w….jpg)

>>2886449

So here's the problem. Pretty much all of that stuff you're worried about is gonna happen no matter what within our current status quo. Job loss is gonna come with automation, that's why the only one running on UBI is a venture capitalist who want's to cut social benefits. Climate change, monopolization, and continuing wealth concentration and income inequality, are all going to worsen things for the vast majority of working people.

That's what we're getting even without a recession.

All those things mentioned above, undermine capitalism's legitimacy in eye's of the masses. However if enough people think they can still "make it" then things'll go fash since fascists frame the failures of the system as being the result of some kind of conspiracy or the fundamentally corrupt nature of some ethnic group (usually a mixture of both) and that the only way to fix things is with a purge of that corruption followed by a return to an idyllic prior society. And I can't think of any way to better ensure that than 20 years of "steady growth" and "just work in tech and you'll be fine."

You gotta keep in mind that most people have not really recovered from 2008 despite nearly a decade "recovery" for the economy on the whole. Alot'a people are still clinging to the idea that things can go back to how it was before the recession. But if the best capitalism can do after 2008 is growth that somehow leaves people worse off than they where before, and then plunge into a great depression 2.0 a decade later. That'll leave people a little bit more open more anti-capitalist arguments and (hopefully) slightly less so to conspiratorial distractions.

>TLDR: i'm extremely cynical of how things'll turn out but at least a recession brings a sliver of a chance of things getting better where as the currant status quo will give us a fascist nightmare guaranteed.


 No.2886730

>>2886514

You need to read up on Althusser's concept of overdetermination. It is only through these critical times when the possibility of the new opens up. If you believe that capitalism will and have overcome all of its crises you believe that there is no alternative, period.

hence: kys


 No.2886731

>>2886533

>>2886534

Just shut the fuck up already with your pedantic rambling. Of course people are suicidal under this absurd regime. Of course people want a way out. Of course everyone senses that a crisis looms.


 No.2886732

File: ab9d7f61d79b9a4⋯.jpg (69.89 KB, 687x960, 229:320, kvvy2hA.jpg)

>>2886555

>realised the real objective reality of the world

>ignorant bliss fueled by a false sense of meaning

>objective reality of this absurd existance


 No.2886735

File: 700f76e4e5d5282⋯.png (163.94 KB, 500x516, 125:129, gordon-ramsay-sex-dwarf-ea….png)

>>2886567

>psychodelic journey


 No.2886750

File: 41f8ea774fc318a⋯.png (38.39 KB, 968x336, 121:42, RollerCoaster.PNG)

Are any of you seeing index futures right now? Wildly volatile. Tariff deadline passed.


 No.2886758


 No.2886811

Despite the tariff hike, Asian markets have been rallying since midnight as have futures. Why?


 No.2886834

File: b80737868a03ecd⋯.jpg (92.14 KB, 1440x1715, 288:343, manonman.jpg)

>>2884030

I know some people talk in overly complex sentences and use long ass words sometimes and it confuses people. But does he have to talk like a kindergartner explaining a youtube video he just saw about the Soviet-Afghan war to his mom? Is his brain really this fried?


 No.2886837

File: af5efa947067052⋯.png (145.05 KB, 915x734, 915:734, MW-HJ297_tariff_2019050917….png)


 No.2886957

>>2886834

>is his brain really this fried?

you have to ask?


 No.2887156

File: d299bb8cf6b7d6b⋯.png (153.14 KB, 640x941, 640:941, Screenshot_20190510_141344.png)

File: 06f4767e91c62f4⋯.png (27.22 KB, 626x150, 313:75, Screenshot_20190510_141406.png)

File: 6e1b55834c4a8b4⋯.png (25.46 KB, 635x202, 635:202, Screenshot_20190510_141436.png)

He actually did it, the literal MADLAD!

>P-please build your products in the USA, Porky-sama! MAGA!


 No.2887164

>>2887156

I think the most likely outcome for today is Donald Trump postponing the deal while putting a deadline in June for his new tariffs on 365 billion worth of products.

5 minutes before the close of the markets, he post a serie of tweets praising Xi haircut, the markets take it as a sign of a future deal, rallies and make up for most of the losses of the past few days.


 No.2887165

>>2887156

>P-please build your products in my country!

>This is what Capitalists think "Nationalism" is

Global markets do not care about local jobs.


 No.2887192

File: 342c2b785d2033a⋯.png (413.44 KB, 606x505, 6:5, tariff.png)


 No.2887214

File: 2e52484896d0657⋯.jpg (9.41 KB, 249x243, 83:81, 231545.jpg)

>>2887192

Lmao Chinese cucks BTFO.

Fuck them soyboys ROFL.

Hail Trump.


 No.2887235

>>2887214

Lol -106 at the open


 No.2887258

File: 761fc9410ed66f3⋯.png (55.45 KB, 751x389, 751:389, ClipboardImage.png)


 No.2887272

File: 9a22a38d7e9ee4d⋯.jpg (32.3 KB, 540x540, 1:1, 34672d0459b318538e35278661….jpg)


 No.2887292

-200


 No.2887294

>>2887258

xi dada… pretty butan


 No.2887316

>>2887292

It's just going to decline all throughout the day now. Let's keep the updates hourly.


 No.2887329

File: ced3b5d99d13640⋯.png (121.75 KB, 1080x1335, 72:89, Screenshot_2019-05-10-16-5….png)

-1%


 No.2887332

>>2887156

Does he truly not understand how Tariffs work or are people retarded enough to take him at face value?


 No.2887352

>>2887156

Thank u Trump


 No.2887367


 No.2887381

File: 395758188993a71⋯.png (47.38 KB, 695x519, 695:519, 1.png)

>starts at -7%

IT'S A DISCOUNT!!

BUY THE DISCOUNTED DIP


 No.2887489

>get told there's no trade deal

>panic sell

>get told there might be a trade deal

>panic buy


 No.2887530

File: 36e65b06c4b212c⋯.png (55.08 KB, 660x535, 132:107, ClipboardImage.png)

i think they programmed the wrong scenario into the stock trading bots guys


 No.2887722

>>2887530

>>2887489

I guess it takes two to play trade war.


 No.2887933

File: 07ff6d1519409ea⋯.png (473.26 KB, 800x822, 400:411, Screenshot_2019-05-11-09-1….png)

I know you will like this /leftypol/, Uber IPO went down in flames.


 No.2888046

File: a639c78a88f0f60⋯.jpg (227.72 KB, 955x950, 191:190, D6Q2qKRUEAAHWyI.jpg:large.jpg)

https://twitter.com/PuffDragon11/status/1127085970577285126

Volatility giving very similar looking pattern to 2008. I wonder what to make of patterns like this. How useful can they really be, since they're so abstracted and random? Could the underlying laws of the economy really cause recurring patterns?


 No.2888111

File: 4ded2523e295598⋯.jpg (47.84 KB, 1200x833, 1200:833, prod-1.jpg)

https://thenextrecession.wordpress.com/2019/05/11/productivity-investment-and-profitability/

>As I outlined in a previous post, over the last 40 years and especially in the last 15, there’s been a broad-based slowdown in output per hour worked across the major economies. For the top G11 economies (which excludes China), it’s currently running at a trend rate of just 0.7% p.a.


 No.2888120

File: 4f16e929732449b⋯.png (63.29 KB, 648x728, 81:91, Screenshot_20190511_125207.png)

>>2888046

What's also interesting is looking at the volume. The volume of yesterday rally of more than 400 pts, that helped the markets to stay green, was made with barely any buyers.

If you look at the picture attached (DOW JONES), at the bottom you've got the volume, you can see that the volume when the market sold is nearly twice as big as the volume when the market rallied. That would imply that the sellers overwhelm the buyers.

If I had to make a educated guess as to what happened to the marked yesterday, a combination of the infamous PPT and stock buybacks saved the markets with absolutely no volume.

So you've got stock markets with no buyers, when excluding the PPT and companies buying their own stocks, and a majority of sellers waiting in ambush for the right moment to dump their stocks. That's a recipe for a crash, as I posted here : >>2878661

The question now is "when". Make your bets comrades.


 No.2888219

File: f4dfc0128d137f1⋯.png (72.89 KB, 1125x303, 375:101, 1.png)

>>2888111

Nice double trips. Should not be left unchecked.

I just left this comment on Michael Roberts' blog.


 No.2888230

File: a4143266dba506e⋯.mp4 (5.14 MB, 1280x720, 16:9, DOW_thread.mp4)

>>2887933

As relevant as ever.


 No.2888312

>>2888111

This is why the unemployment rate has been going down despite no investment in capital for a decade.

The productivity miracle brought about by the Internet has run its course and is actually going backwards because of hackers causing overhead in IT to increase as spending on security goes up.

With more people employed it’s caused a Keynesian stimulus.


 No.2888314

when is the collapse coming ya faggets


 No.2888325

>>2888314

October if it sticks to schedule, next Monday China retaliates.


 No.2888712

>>2888683

>The economy, too, has grown, allaying recession fears. According to the latest job numbers, the U.S. has the lowest unemployment rate in 50 years.

>“It is hard to have a recession when unemployment is this low and interest rates are this low,” Richmond Federal Reserve president Tom Barkin said on Wednesday.

LMAO, low unemployment reduces profits, leading to an HIGHER risk of recession.

The low interest rates evidently still can't entice porky to invest in production, probably because again, the profit rate is so low right now.

>The biggest risk of recession comes from Trump himself. If he increases tariffs on more goods than the $200 billion in Chinese imports he’s already promised, the risk of a recession increases, Rose said. As trade negotiations remain rocky, investors are increasingly concerned.

Trump isn't magic, he is backed by a significant segment of porkies, just like all the other new wave fascists and "isolationists" who are taking over Europe. His anti-China policies are a reaction from the porkies against the threat of Chinese competition, the limits of globalization, and the falling ROP.


 No.2888717

>>2888682

>>2888683

>>2888686

>>2888688

>>2888689

>>2888691

>lets spam a bunch of porky articles from bankers that want your money to short the market


 No.2888741

>>2888683

>>2888686

>>2888688

<hey, guies!

<I'm here to teach you for bettre wages for mine self, lol


 No.2889561

Are these economists basically predicting that we are now in a new perfect era of capitalism? We have nearly everyone employed and wages aren't rising because businesses don't have much more profit to gain than they already have. People are already spending as much money as they can without gaining any more money to give to a growing business. We've already seen enough articles showing that the real economy isn't actually producing more goods than it had been the last few years.

Am I wrong in some way? I just can't figure out what could make anyone think this can be sustained unless they are meaning to say the economy likely won't crash before the election, but it still might after


 No.2889611

>>2889561

The telltale sign of a specualtive bubble is that finance never does better till it doesn't. Check the financial indicators. Seemingly "random" dips linked to trade war shit make an entire year of growth disappear. Then it takes 6 months to slowly climb back from that dip.

Then what? Stagnation with sharpest declines and ever weaker rallies till the self-fulfilling prophecy kicks in.


 No.2889613

>>2889611

>speculative

off to discredit myself right off the bat


 No.2889977

File: 357e31e1decba07⋯.png (48.36 KB, 620x330, 62:33, Screenshot_20190513_141547.png)

File: 1f142cbc9f5ab64⋯.png (62.01 KB, 606x383, 606:383, Screenshot_20190513_141608.png)

File: 2f5ab3518c4a4e8⋯.png (69.79 KB, 657x863, 657:863, Screenshot_20190513_141658.png)

Shit just got real!


 No.2889989

>>2889977

Can someone explain why tariffs on certain goods constitute a "war"? Doesn't it just reduce the profits of the exporter and harm the consumer?


 No.2889993

File: 39f1a5a9e5bb6db⋯.jpg (16.27 KB, 338x310, 169:155, 39f1a5a9e5bb6dbd851c12602e….jpg)

>>2889989

Tariffs are arbitrary barriers that prevent your country's businesses from making dosh in foreign markets, so if they heart your economy's revenue flow, you hurt theirs. Tariffs don't "reduce" profits, they demolish them, as businesses always go for the lowest price, and the very second it's not foreign, they buy domestic. By keeping money inside and flowing towards domestic industry, it can develop and bring jobs and revenue to workers. So whatever the inconvenience in rising prices it's offset by rising wages.


 No.2890006

>>2889977

And we're open with Dow Jones at -444 right off the bat.


 No.2890009

File: 995bbb13ac23ae7⋯.jpg (36.97 KB, 680x793, 680:793, 8634.jpg)

WE'RE ALREADY DOWN ALMOST 2%?? IT OPENED 3 MINUTES AGO


 No.2890010

>>2890009

see

>>2888120

The futures were already deep in the red since China retaliation.


 No.2890011

>>2890010

Sorry I meant >>2889977


 No.2890013

File: 6ab02e264d549f6⋯.png (35.53 KB, 953x279, 953:279, 41678974.png)

File: 2e4e3972f4f889b⋯.jpg (220.88 KB, 568x479, 568:479, 648497.jpg)

Damn, this is a good opportunity to buy the dip.

Going up right now, don't pass on the opportunity.


 No.2890015

>>2890013

Good luck, you've got a long day of work today.


 No.2890019

File: f0a9c7fa041e72d⋯.jpg (22.62 KB, 250x250, 1:1, ff124af4c11730873ce747c2a6….jpg)

File: f0a9c7fa041e72d⋯.jpg (22.62 KB, 250x250, 1:1, ff124af4c11730873ce747c2a6….jpg)

-500

-500

-500

-500

-500

-500

-500

-500


 No.2890020

>>2890009

It takes two to play war, and now it's officially on. Guess whoever bought up the dip on Friday feels very stupid now.


 No.2890022

File: 5fbc3234573e274⋯.png (12.05 KB, 632x413, 632:413, aapl.png)


 No.2890024

Boy, the market sure is shook from the stupid fucking trade war being back. Imagine if Trump said the wrong thing and decided to escalate. Wouldn't that be some shit.


 No.2890027

File: 8da557901657b68⋯.png (28.92 KB, 636x321, 212:107, ClipboardImage.png)

how do we move porky to 100% extreme fear?


 No.2890034

File: 5cd41cc88cdb010⋯.jpeg (82.14 KB, 640x868, 160:217, 988E26F2-920C-4202-AA91-9….jpeg)

File: f7a686ba2ff895d⋯.jpeg (81.06 KB, 640x875, 128:175, A0E5324E-47DB-4F6B-AE2F-0….jpeg)

10y/3m inverted once again. Staying that way for a little longer this time, though.


 No.2890037

>S&P down more than 2%

Ohboiboiboiboibobiobiboiboibobi.


 No.2890056

File: 61a5c728916527d⋯.png (23.47 KB, 948x253, 948:253, -600.PNG)

-600

boy whatta day


 No.2890059

File: b11a095c42bc594⋯.png (317.33 KB, 476x433, 476:433, dd8.png)

holy fuck


 No.2890061

tomorrow trump is gonna stutter out something like "chyna good country, we'll find common ground, xi great president, god bles america" and you'll have a +1000 day


 No.2890085

>>2890037

It's literally nothing at this point.

>tfw don't have any water/food resources saved up


 No.2890086

File: 04fc4f00fb37fa9⋯.png (38.99 KB, 606x216, 101:36, 1.png)

File: bccc86801b4d284⋯.gif (59.94 KB, 466x367, 466:367, 2ab.gif)

>sonic coins will save us


 No.2890093

File: 05efad2b683fcbd⋯.png (128.03 KB, 913x540, 913:540, 1.png)


 No.2890094

File: 6ef6c807aee9a24⋯.png (493.09 KB, 1406x836, 37:22, 1.png)


 No.2890096

File: e9ddc5fb545a35f⋯.png (10.5 KB, 211x136, 211:136, 1.png)

>>2890094

>imagine being this guy


 No.2890097

File: 220b01d3e2a7d87⋯.jpg (35.31 KB, 630x630, 1:1, 1555693015155.jpg)

>>2890094

Beautiful


 No.2890103

File: 2b488150624185c⋯.png (Spoiler Image, 415.25 KB, 1254x760, 33:20, muh flag.png)


 No.2890105

>>2890103

small kek


 No.2890112

File: 46855b39744fde2⋯.png (58.16 KB, 459x283, 459:283, 5.png)

File: 11f089a03054ca8⋯.png (116.56 KB, 442x356, 221:178, 4.png)

File: 4eb21e926d0d02d⋯.png (99.59 KB, 419x315, 419:315, 3.png)

File: feda1d7fd4a8df3⋯.png (127.27 KB, 423x228, 141:76, 2.png)

File: 8ebc46fb028a992⋯.png (115.79 KB, 431x446, 431:446, 1.png)


 No.2890123

-680


 No.2890124

>>2890103

[Audible chuckling]


 No.2890126

700


 No.2890129


 No.2890130

File: 60a304b25b922bb⋯.png (1.44 MB, 1200x800, 3:2, biz.png)

3PM PLS BRING US TO -1000


 No.2890137

https://www.youtube.com/watch?v=MR3b6COJcAI

I waited one year and half for this.


 No.2890141

File: f3ddd8644a60253⋯.png (513.84 KB, 1406x836, 37:22, P8ixKBF.png)


 No.2890146

File: cdfbbddaecc4c92⋯.webm (8.97 MB, 1280x720, 16:9, It's happening rate of pr….webm)


 No.2890150

PLUNGE PROTECTION TEAM HAS ARRIVED!!!


 No.2890161

File: 50ec07b029f1d5d⋯.png (4.41 KB, 477x364, 477:364, critical threshold.png)

File: 0af3d262f206268⋯.jpg (38.79 KB, 1200x601, 1200:601, D5zyRkKWAAIUNTd.jpg)

I've recently been studying a lot about classical/Marxian econophysics lately. I put together this model from this paper here: https://www.tu-chemnitz.de/wirtschaft/vwl2/downloads/paper/froehlich/deviation.pdf

Basically I created a model which showed what percent of firms were made unprofitable by a change in wage growth or an external shock to the capitalist economy.

The critical threshold, according to the historical record, is 4% wage growth over a production cycle. The shock to businesses of 25% tariffs on Chinese trade is almost exactly the difference between current wage growth levels and the critical threshold. If this shit goes through, this will be the big one folks.

Here's the code in R I used for this shit, btw, https://pastebin.com/7tAcCgLz

I hope you're ready /leftypol/


 No.2890169

>>2890161

Thanks Comrade!


 No.2890171

>>2890161

And lets not forget how much that profit is from the current bubble. When the downturn comes it's going to hit hard.


 No.2890174

>>2890171

it's important to keep in mind the difference between the rate of return on investment, which is determined by the average return in markets of investment grade assets (commodities, stocks, bonds) and the rate of profit, which is on the firm level. The stock market is inflated because that's where overaccumulation occurs, the rate of profit is stable, however. But a static or falling rate of profit always precedes a downturn.


 No.2890175

>>2890146

I remember the day that mp4 was fresh OC, and I still can't fully express my adoration its magnificence. It's perfect, I love it.


 No.2890197

>>2890161

based. I hope we start doing more simulations/models in here


 No.2890211

>>2890161

>Here's the code in R

<he uses R

based. Also, nope. I'm not ready one bit, lmao. Welp, I'll see you on the other sad comrade! I have my determination, at least ;_;


 No.2890213

>>2890211

>other sad

lmao at the Freudian typo


 No.2890232

Ending today at -617


 No.2890239

https://jackrasmus.com/2019/05/13/china-us-trade-war-hiatus-or-busted-deal/

>In the wake of the meeting, Trump and his administration mouthpieces attempt to put a positive spin on the collapsed talks, while placing blame on China for the break up. The ‘spin’ at first was that China had reneged on a prior agreement and changed its terms when they arrived in Washington. China had caused the breakdown, not the US. The stock markets swooned. Trump quickly jumped in and said he got a nice letter from China president, Xi, and that it wasn’t all that bad.

>But make no mistake, a trade negotiations ‘rubicon’ has been reached. The real trade war may be starting. Or, it may all be theater to make it look like both sides are acting tough and that an agreement will be reached this summer. But that scenario may now be fading. Trade wars—like hot wars—have their own dynamic. Once launched, they drive their adversaries in directions they may not have initially sought.

So what do you think, comrades? Has the Rubicon been crossed in regards to the US/China trade war?


 No.2890255

File: 3f554f5a09e9619⋯.jpg (403.67 KB, 1069x1670, 1069:1670, HAPPENINGS.jpg)

Found this one on halfchan.


 No.2890275

File: 0a7a7f3cd730601⋯.jpg (155.23 KB, 1484x989, 1484:989, 1557780115711.jpg)

When you see it, you'll shit brix.


 No.2890277

>>2890094

Where do you get those Charts from comrades


 No.2890280

>>2890277

https://finviz.com/map.ashx?t=sec

One of the mods should put this site in the opening post, you're not the first one asking for it.


 No.2890284


 No.2890285

>>2890255

p. scizhoid as per usual


 No.2890288

>>2890161

I cant understand anything from that paper.

What would it take for a brainlet like me to get anything from there(i mean what should I read or study)


 No.2890346

File: 692491f5c6a2528⋯.pdf (3.98 MB, classical econophysics.pdf)

>>2890288

don't worry anon, it took me a long time to understand it too. basically, read these two books and you'll get it.


 No.2890347

File: ba8ed2822c54a04⋯.pdf (12.84 MB, Emmanuel Farjoun, Moshe Ma….pdf)


 No.2890403

I sold. Now I can enjoy this thread in peace.


 No.2890409

>>2890403

Did you smack yourself for buying?


 No.2890414

>>2890409

I felt the feeling of smack for making a profit.


 No.2890451

File: ab4f7266250967c⋯.png (266.72 KB, 1080x1635, 72:109, Screenshot_2019-05-14-01-2….png)

File: cc4ea1ef1c4155f⋯.png (264.13 KB, 1080x1503, 120:167, Screenshot_2019-05-14-01-2….png)

File: 1ac97b414bf5ca1⋯.png (109.72 KB, 1080x1293, 360:431, Screenshot_2019-05-14-01-2….png)

BTW

Looks like Bitcoin is getting murdered right now.


 No.2890459

File: 28756f312786959⋯.gif (2.67 MB, 498x311, 498:311, tenor.gif)

>>2890451

color me surprised


 No.2890703

File: 701ff388befecab⋯.png (1.11 MB, 966x871, 966:871, 1.png)

Fortunately, there is an alternative to market fundamentalism.

Through a pragmatic rebalancing of power between government, markets, and civil society, we can move toward a freer, fairer, and more productive system. Progressive capitalism means forging a new social contract between voters and elected officials, workers and corporations, rich and poor.

https://www.marketwatch.com/story/three-decades-of-neoliberal-policies-have-decimated-the-middle-class-our-economy-and-our-democracy-2019-05-13


 No.2890722

=Trump’s tariff war with China will hit TVs, dishwashers, toys, lithium batteries, iPhones — even Silly Putty=

<President Trump’s tariffs could affect 23% of consumer goods, according to one estimate

The U.S. increased tariffs on $200 billion of Chinese goods to 25% from 10% Friday, following three rounds of tariffs last year. They account for roughly 50% of all Chinese exports to the U.S. on everything from hats to toys.

Many consumer goods manufacturers and retailers were taken aback by the news. “The tariff increase inflicts significant harm on U.S. industry, farmers and consumers,” Jacob Parker, vice president of the U.S.-China Business Council trade group, said in a statement. “It will decrease the competitiveness of American companies, reduce the efficiency of their global supply chains, and reverberate through the U.S. economy. Pure and simple, this is a tax on the American consumer.”

https://www.marketwatch.com/story/trumps-latest-tariff-hike-on-chinese-goods-will-hit-the-toy-industry-and-electronics-2019-05-10


 No.2890725

File: 99f062b4d732d0e⋯.png (39.75 KB, 598x214, 299:107, 1.png)

File: 70c4d2c1716adf1⋯.png (34.53 KB, 599x213, 599:213, 2.png)

File: a21ebb8961270cd⋯.png (34.67 KB, 593x212, 593:212, 3.png)

File: ddb7cf851a38129⋯.png (130.09 KB, 871x414, 871:414, 4.png)

Asia, EU ongoing; US Futures; world stock map


 No.2890726

File: 907c764c91c6970⋯.png (105.12 KB, 303x287, 303:287, 1.png)

File: ab743d09ef5f83d⋯.png (66.11 KB, 205x571, 205:571, 2.png)

>>2890722

>everything from hats to toys


 No.2890742

>>2890161

Excellent job comrade. Though you import ggplot2 and never use it :D

Also the code doesn't work unless you include pm=list() at the beginning.


 No.2890758


 No.2890775

>>2890722

And what's wrong with punishing consumerism? Trump is a goddamn hero.


 No.2890780

>>2890775

It's an example of porky projecting his own losses onto the consumer:

>LOOK AT HOW BAD IT WILL BE FOR YOU


 No.2890781

File: 19be7a11af7f54c⋯.png (32.75 KB, 683x246, 683:246, in-5.png)

File: 232e2e72a54cf56⋯.png (83.87 KB, 684x461, 684:461, in-7.png)

Rising inequality is creating conditions for rising risk and uncertainty in capitalist economies. That’s because the main way that the inequality of wealth has increased is through rising prices of financial assets. Marx called these assets fictitious capital, as they represented a claim on the value of companies and government that may not be reflected in the value realised in the earnings and assets of companies or government revenues. Financial crashes are regular occurrences, often of increased severity, and they can wipe out the ‘value’ of these assets at a stroke. Such crashes can be triggers for a collapse in any underlying weakness in the productive sectors of the capitalist economy.

The latest report of the US Federal Reserve on the financial stability in the US makes sober reading.

According to the report, “Borrowing by businesses is historically high relative to gross domestic product (GDP), with the most rapid increases in debt concentrated among the riskiest firms amid signs of deteriorating credit standards.” Interest rates for loans are near historic lows, so the borrowing binge among companies continues. According the Fed, “Debt owed by the business sector, however, has expanded more rapidly than output for the past several years, pushing the business-sector credit-to-GDP ratio to historically high levels.”

Moreover, “The sizable growth in business debt over the past seven years has been characterized by large increases in risky forms of debt extended to firms with poorer credit profiles or that already had elevated levels of debt.”

And this borrowed money is not used to invest in productive assets but to speculate in the stock market. Indeed, the main buyers of US stocks are companies themselves, thus driving up the price of their own shares (buybacks).

[…] Naturally, the Fed’s report concluded that things were going to be all right and the banks and corporations were resilient and healthy. But overall uncertainty about the future for the major capitalist economies is rising, according to the latest reading of the World Uncertainty Index, a device that supposedly measures the confidence of capitalist investors globally.

The latest measure of the WUI has risen sharply to a level higher than before the global financial crash. And the recent drop in share prices driven by the ongoing trade war between the US and China is an indication of what could happen in the next year.

https://thenextrecession.wordpress.com/2019/05/14/inequality-and-risk-both-rising/


 No.2890782

>>2890780

Consumers deserve to be punished as well. They should consume less.


 No.2890786

>>2890782

"Consumer" is just a corporatist euphemism for "proletariat + bourgeoisie".


 No.2890848

Anons, explain to a brainlet like me how can net profits rise more than net added value created by workers? Over here the net profits rose by 31 %, but the net value created by a worker only rose by 5 %.


 No.2890850

File: d7291c0b020926e⋯.png (53.91 KB, 625x356, 625:356, Screenshot_20190514_144603.png)

File: 53de8af3700b09e⋯.png (95.86 KB, 627x604, 627:604, Screenshot_20190514_144621.png)

File: 180e12b9098597b⋯.png (95.82 KB, 621x595, 621:595, Screenshot_20190514_144754.png)

File: 882d217cb7437cb⋯.png (88.52 KB, 619x578, 619:578, Screenshot_20190514_144835.png)

File: 65aac50c5692acb⋯.png (89.42 KB, 624x579, 208:193, Screenshot_20190514_144927.png)

Trump is on fire today.

He really wants the FED to decrease the interest rates; their next reunion is in June I believe…

The "Enjoy!" at the end of one of those tweets cracked me up.


 No.2890851

>>2890848

higher rate of exploitation


 No.2890852

>>2890851

Achieved how? Wages rose by 7 % in the same time.


 No.2890853

>>2890852

So also more than net added value.


 No.2890854

File: 344db827c07511a⋯.png (50.52 KB, 605x347, 605:347, Screenshot_20190514_145639.png)

>>2890850

Forgot the last one.


 No.2890855

File: db8e2bebf570153⋯.png (427.76 KB, 697x551, 697:551, 1.png)

>>2890850

>My respect and friendship with president Xi is unlimited

Shut the fuck up!


 No.2890856

>>2890852

higher living costs, particularly rent?


 No.2890859

File: 754c91edc4e4582⋯.png (37.58 KB, 590x217, 590:217, eu.png)

File: d1275c39f385cdc⋯.png (30.77 KB, 585x183, 195:61, futures.png)

EU and Futures doing a downbart.


 No.2890864

>>2890742

Ah yeah I was originally going to use ggplot2 but then decided not to when I added the extra lines to the graph.

Also I think that rstudio adds the pm automatically so I didn't think about it.

Sorry if the notes are fucked up as well, got lazy half way through. Maybe I'll go back and fix it up.


 No.2891224

File: 4470c591a31c92d⋯.png (58.49 KB, 654x729, 218:243, Screenshot_20190514_220539.png)

>>2888120

Today's rally was as empty in term of volumes as last friday's but with one nice twist, a nice dump at the end of market day.

The volume of the final dump is 4 times higher as the "rally".


 No.2891296

>>2890848

price markup


 No.2891364

>>2890852

>>2890848

we'd have to see more of the data you're talking about

could be rise in productivity,could be a whole bunch of factors


 No.2891709

-141.64 on the Dow

Good morning.


 No.2891712

>>2891709

a gud ebenig


 No.2891723

File: 8fe6e2229b40073⋯.png (29.73 KB, 420x213, 140:71, 1.png)

commies btfo again

how does it feel that trump keeps winning?


 No.2892008

File: 7cb2aa6b6bfea63⋯.png (22 KB, 570x127, 570:127, Capture.PNG)

AHAHAHAHAAHAHAHAAHAHAHAHAHAH


 No.2892279

File: 2b14b108cc069f9⋯.png (207.61 KB, 868x702, 434:351, D6nj394UcAEcWbR.png:large.png)

Another chart. Anyone saying the crash won't come soon is delusional.


 No.2892285

File: 07d044377f7a746⋯.png (136.16 KB, 1000x813, 1000:813, Maoflag1.png)

>>2892008

PROTRACTED PEOPLE'S WAR AGAINST THE US

UPHOLD MAO ZEDONG THOUGHT


 No.2892382

>>2892285

can revisionist dengists even attempt it in the modern day?


 No.2892423

File: dcd6b92f2c8fc8c⋯.jpg (85.41 KB, 564x564, 1:1, 1387120301006.jpg)

>China fUNFAIR!

>-400

>Guys, trade deal!

>+200

What the fuck is even happening with the trading bots? Is reality doing a comedy bit?


 No.2892505

File: 13d77722cc5a50a⋯.png (50.79 KB, 625x347, 625:347, Screenshot_20190516_132027.png)

>>2892423

There's that and the fact too that investors now believe that Trump has the FED in his pockets and will drop the interest rates at the first sign of economic hardships due to the trade war. Thus the markets are going up.

Picture related.


 No.2892806

File: b941cfe82dfe5b7⋯.png (26.92 KB, 481x464, 481:464, US-auto-loan-deliquencies-….png)

https://wolfstreet.com/2019/05/15/subprime-bites-serious-auto-loan-delinquencies-spike-to-q3-2009-level-despite-strongest-labor-market-in-years/

>Serious auto-loan delinquencies – 90 days or more past due – jumped to 4.69% of outstanding auto loans and leases in the first quarter of 2019, according to New York Fed data. This put the auto-loan delinquency rate at the highest level since Q4 2010 and merely 58 basis points below the peak during the Great Recession in Q4 2010 (5.27%):


 No.2893110

>>2892505

This sounds like MMT shenanigans. China is adjusting their inflation to match the amount of resources and labour they can mobilize while the US is pretending they can't mobilize labour because they don't have enough petrodollars. Petrodollars are backed by hegemony and trade agreements where Yuan is backed by over a billion workers in one of the most fertile centers of the world and they are fully prepared to do an arduous march.

Thing is these trade restrictions are a reaction, Trump is on the back foot and he has to deal with Iran and Venezuela while China expands in Africa and the Pacific drawing the navy thin in all directions. The US would need full communism green new deal or literal WW3 in Iran coupled with massive civilian support and not lose infrastructure to stay on top.


 No.2893130

>>2893110

>The US would need full communism green new deal or literal WW3 in Iran coupled with massive civilian support and not lose infrastructure to stay on top.

Guess which one we're getting?


 No.2893168

>>2893110

> over a billion workers in one of the most fertile centers of the world and they are fully prepared to do an arduous march.

>forget about aging


 No.2893175

>>2893130

neither?


 No.2893277

>>2893130

>The US would need full communism green new deal or literal WW3 in Iran coupled with massive civilian support and not lose infrastructure to stay on top.

I pointed out in another thread that average leftists could actually sabotage the US' infrastructure to no small degree on an individual basis, and the collapse of the US would be a good thing, let alone hamstringing its capacity to perform imperialist wars.


 No.2893285

Third day when EU+USFutures start in red and climbs up eventually.


 No.2893287

>>2892505

>>2890850

These Trump tweets

>Xi, muh bestest fren'

>HAHA, CHINA SUCKS

would read like schizophrenia if we didn't know that several people control his account.


 No.2893344

>mih dow

>muh minus

>muh muh


 No.2893628

>>2893285

Lol dropped down to -100


 No.2893683

File: 3bd40c281bc44b9⋯.png (36.43 KB, 598x197, 598:197, 1.png)

>>2893628

it done a bart


 No.2893720

>>2893344

<I wanna hold 'em like they do in Texas plays

<Fold 'em, let 'em, hit me, raise it baby stay with me (I love it)


 No.2893933

>>2893720

>>2893344

Ohhh I'm having a blast.


 No.2893990

File: 21eb30981a8ca96⋯.png (180.03 KB, 1920x1080, 16:9, ClipboardImage.png)

File: 5276a752330c0ea⋯.png (162.96 KB, 1920x1080, 16:9, ClipboardImage.png)

tradingview really likes to get rid of old data and pretend like stocks didn't exist in 1930 so I don't have access to old charts anymore

look at this fucking pump and dump lmao

https://mavenroundtable.io/theintellectualist/news/stock-buybacks-were-once-illegal-why-are-they-legal-now-sHh6HZjtyk2styG-qLgnQg/

>The SEC changed policy during the Reagan administration in 1982.

>Buybacks were illegal throughout most of the 20th century because they were considered a form of stock market manipulation. But in 1982, the Securities and Exchange Commission passed rule 10b-18, which created a legal process for buybacks and opened the floodgates for companies to start repurchasing their stock en masse.

https://www.sec.gov/news/speech/speech-jackson-061118

>SEC updated its rules in 2003

https://www.pionline.com/article/20180625/PRINT/180629926/wary-investors-applauding-sec-call-to-examine-stock-buybacks

>One reason for the growth in buybacks is that, through rules first adopted in 1982 and last updated in 2003, the SEC has offered corporate executives a safe harbor from securities-fraud liability if the pricing and timing of buyback-related repurchases meet certain conditions

https://www.cnbc.com/2018/12/18/stock-buybacks-hit-a-record-1point1-trillion-and-the-years-not-over.html

>Stock buybacks hit a record $1.1 trillion, and the year’s not over

https://www.vox.com/2018/8/2/17639762/stock-buybacks-tax-cuts-trump-republicans

>The $1.5 trillion GOP tax cuts, which slashed the corporate tax rate to 21 percent from 35 percent and reduced the rate on corporate income brought back from abroad, have been a major boon to corporate America. They’ve also put the spotlight on stock buybacks, which have been on the rise for years and are on track to reach $800 billion in 2018.

>From 2007 through 2016, S&P 500 companies distributed $4.2 trillion to shareholders through stock buybacks and an additional $2.8 trillion through dividends, totaling $7 trillion in shareholder payouts. From 2003 through 2012, S&P companies used 54 percent of their total earnings — $2.4 trillion — to buy back stock.


 No.2893996

>>2893683

AY CURUMBA


 No.2894152

File: be1ee438dfde344⋯.png (72.24 KB, 419x632, 419:632, be1ee438dfde344eed1a5ade51….png)

Updated OP, besides monitoring market trends this general is now also for discussion about the next crisis.


 No.2894895

In Marxist terms what kind of crisis is this one going to be?

I mean is it gonna be a rate of profit crisis or what


 No.2894911

File: dddadf8782e90dd⋯.png (57.37 KB, 450x293, 450:293, prod-10.png)

>>2894895

Yep. Profitability measures the health of the capitalist economy. Neoliberalism is just a means of increasing the rate of exploitation to counteract falling profitability. But at the same time, there has been an increase in investment in unproductive labor (finance, insurance, real estate, government, marketing, etc.) which sucks up more and more surplus value, lowering profitability in the productive sectors.

Incidentally, this is why automation ala Yang Gang is overstated. There really isn't much automation happening. Labor is cheap and it's cheaper to invest in share buybacks and real estate than to produce a ton of labor-saving machinery. What breaks is everyone's credit limits since their spending is paid for with debt.


 No.2894937

>>2894895

Yes. Also probably liquidity crisis and monetary crisis (at least in the EU).

Good talk on the matter:

https://youtu.be/BpaqC6hKsQo?t=260


 No.2894994

>>2894911

I still argue that we need to start seriously going into cheap labor-replacing capital and then give government reimbursements to companies for purchasing it.


 No.2895017

>>2894911

>Labor is cheap and it's cheaper to invest in share buybacks and real estate than to produce a ton of labor-saving machinery

Isn't this the opposite of progress. Are we really regressing to making people take shit jobs at shit wages.


 No.2895020

>>2895017

Remember what Marx said. There comes a point where the existing relations of production became a fetter towards the development of the forces of production. We are seeing this process play out now, exactly as Marx predicted.

>At a certain stage of development, the material productive forces of society come into conflict with the existing relations of production or – this merely expresses the same thing in legal terms – with the property relations within the framework of which they have operated hitherto. From forms of development of the productive forces these relations turn into their fetters. Then begins an era of social revolution.


 No.2895021

>NEW YORK (Reuters) - Alphabet Inc’s Google has suspended business with Huawei that requires the transfer of hardware and software products except those covered by open source licenses, a source close to the matter told Reuters on Sunday, in a blow to the Chinese technology company that the U.S. government has sought to blacklist around the world.

>Huawei Technologies Co Ltd will immediately lose access to updates to the Android operating system, and the next version of its smartphones outside of China will also lose access to popular applications and services including the Google Play Store and Gmail app.

>Details of the specific services were still being discussed internally at Google, according to the source. Huawei attorneys are also studying the impact of the U.S. Commerce Department’s actions, a Huawei spokesman said on Friday. Huawei was not immediately reachable for further comment.

>Representatives of the U.S. Commerce Department did not immediately have comment.

>Huawei will continue to have access to the version of the Android operating system available through the open source license that is freely open to anyone who wishes to use it.

>But Google will stop providing any technical support and collaboration for Android and Google services to Huawei going forward, the source said.

>On Thursday the Trump administration officially added Huawei to a trade blacklist, immediately enacting restrictions that will make it extremely difficult for the technology giant to do business with U.S. companies.

So Huawei is potentially dead for now in Europe and America since their phones can no longer access Google's services and apps.

This is also a big escalation in the trade war, which is now really a war and the USA just fired the first real shot.

I wonder how China will respond and how the markets will react tomorrow.


 No.2895022


 No.2895169

File: 598f1366667989a⋯.pdf (7.33 MB, 2-The Falling Rate of prof….pdf)

File: 43f85b3bfc265cc⋯.png (47.42 KB, 569x201, 569:201, supervisory workers.png)

>>2894937

>>2894911

>>2894895

It's well established that a stagnant or falling rate of profit provides the basis for crisis in capitalism. What's particular to this crisis is two big things:

1. The low interest rate environment and the stagnation in capital intensity. Low interest rates means lots of zombie firms, the stagnation in capital intensity means that on the purely technical level the rate of profit should be increasing. BUT, preliminary data we have post 2008 shows that no such increase has been occurring. Considering that the overall nature of the economy didn't otherwise change much from the 2000s, what likely happened is pic related. All the gains went to CEOs, managers, middle men, ect. Some of it is pure rent, for example, company big shots want a big bureaucratic domain like the old feudal lords (see Greaber for me on this shit). Some of it is globalization (you needs lots of paperwork and derivatives to have international supply chains/business). Some of it goes back to the low interest rate environment, people who would otherwise be let go to preserve the liquidity of the company can stay.

This is also why automation isn't such a huge issue at the moment. HOWEVER, automation is likely to surge during a crisis, as companies embrace automation as a form of cost savings.

2. As I pointed out here >>2890161 we are beginning to enter an area where "overheating" begins. Over-production and over-accumulation are systemic to capitalism. In order to deal with this, the capitalist state and banks extend credit to the mass of workers to facilitate the consumption of this surplus. If they cannot consume, for one reason or another, then a crisis ensues as the ex post value and profit which was promised capital evaporates. When the economy overheats, credit tightens and profit margins go down in certain industries. The emperical evidence shows that after a certain threshold of firms become unprofitable and fail, we begin to enter a crisis, whether its because those firms go under and cause a credit crunch as they default, or whether they fire a bunch of workers to cut costs and cause consumption to drop off.

Considering the tight labor market and high amounts of corporate debt, we're likely to see a kind of crisis where it's the corporations that will go under and take the whole system with them with a liquidity crunch.

The current low interest rate enviroment means that such a crisis will probably far more severe and longer than previous ones. Debt has slowly lost its influence to stimulate capitalist economies in the first place, but now we'd officially be in what Keyne's called a liquidty trap. No traditional monetary stimulus would be possible. There will be no easy way out.


 No.2895513

>>2895021

https://www.scmp.com/economy/china-economy/article/3010977/xi-jinping-visits-rare-earth-minerals-facility-amid-talk-use

>China has toughened its rhetoric in recent weeks as Washington raised tariffs on thousands of Chinese exports and put China’s telecom champion Huawei on an export-control list. There is also growing speculation in China that Beijing could consider banning the export of rare earths to hit back at the US.


 No.2895516

File: 8461dffb2ab3a18⋯.png (28.96 KB, 967x283, 967:283, Screenshot_20190520_163838.png)

File: 0f1d749fe5a5bc0⋯.png (33.19 KB, 984x282, 164:47, Screenshot_20190520_163901.png)

Tesla getting BTFO.


 No.2895520

>>2895516

Damn did something happen here?


 No.2895526

>>2895520

Might be linked to this :

>>2895021

and this :

>>2895513


 No.2895533

File: 067f11113b57b3a⋯.png (Spoiler Image, 1.21 MB, 1612x977, 1612:977, 1.png)

File: 27cb4d01a8edde8⋯.png (Spoiler Image, 576.46 KB, 963x849, 321:283, 2.png)

File: e1f1c4c24534d2f⋯.jpg (Spoiler Image, 144.48 KB, 1258x697, 74:41, 1.jpg)


 No.2895539

>>2895021

>millions will throw away their completely operational mobile phones because a company decided to ban software access

This green capitalism is working out great so far.


 No.2895541

>>2895539

It's just for new ones.


 No.2895545

File: f5633505cc464f3⋯.png (6.93 KB, 364x128, 91:32, ne3.png)

>carry out "muh oriental threat" bans

>China reveals not only do they have their own domestically developed chips ready for mass production but operational OS as well to roll out since they anticipated this move a decade ago

Press S for American tech industry


 No.2895572

File: 1ed134456f86012⋯.jpg (215.46 KB, 1170x585, 2:1, detroit.jpg)

>>2895545

What's most fascinating about this is that China only recently became one of the most important markets in the world and this escalation will just bar the US from wetting its dick in it.

I'm not sure the EU will slavishly follow suit this time around. They were already pissed at the Russian sanctions, then the Paris accord, then the Jerusalem shittery, then the killing of the Iran deal. It's clear to everyone that the Empire is crumbling and making hasty mistakes, destroying in the process the very model it so far promoted worldwide.

>Press S for American tech industry

No, seriously, who the fuck is going to assemble muh iphones, muh intelligent toasters and muh juiceros? Sure as fuck they are not bringing back manufacturing to the US unless literal slavery is reintroduced. Where else in the world can Apple & co. can get (1) network of high tech factories of the same scale (2) abundance of skilled, cheap, and disciplined workforce as in China or a (3) comparable infrastructure that can deliver your ordered product within a week?

If they keep escalating the US is shooting itself in the foot. To actually deliver what Trump is promising (muh bring back chobs) you'd need massive investments into the economy, infrastructure, and education, not to mention the nationalizing of key sectors, none of which are they prepared to do. Meanwhile in China they press a big red button and every factory becomes state controlled again.


 No.2895680

>>2895545

Better stock up on hardware now while you still can. Not like CPUs are getting any faster anyway


 No.2895688

>>2895545

>is always 5 steps ahead of burgerstan

>is leading the charge in tech development to combat climate change

The Dragon of Beijing is our only hope


 No.2895707

>>2895572

>Meanwhile in China they press a big red button and every factory becomes state controlled again.

The CPC will probably decide that they still need to develop the productive forces so the Chinese proletariat will need to be kept in wage slavery for a few more decades.


 No.2895720

>>2895545

S to spit on grave of Silicon Valley


 No.2895763

>>2895516

>>2895520

No, another Tesla killed someone because Muskrat didn't fix the autopilot for 3 years.


 No.2895765

>>2895763

was responding to >>2895526


 No.2895950

File: 8f50fa7f2e4582b⋯.jpg (37.37 KB, 480x329, 480:329, University.jpg)

I'm going to start uni in a year or so. Do you guys think it's wise to major in Economics? Ideally I'd get a master's before joining the workforce


 No.2895958

>>2895950

>Do you guys think it's wise to major in Economics?

Only if you can be sure you'll be able to study with, at very least, some Neo-Ricardian professors, but ideally Marxians/Marxists. Otherwise no, majoring in Economics is about as productive and educational as going to Mormon school. Just go into a STEM field, study your physics, stats, and math, and read Marx, Smith, Ricardo, Shaikh, Cockshott, Farjoun&Machover, etc.


 No.2895960

>>2895958

I do what a career in economics though, and maybe even politics

I'm from Europe so my professors will probably be at least socdems


 No.2895962


 No.2895987

>>2895958

It's not a bad idea anon. Every govt agency needs an economist and there's some research jobs available. While there's plenty of bourgiosie ideology, history of economic thought, comparative economics and econometrics are all valuable.


 No.2896001

>>2895950

Major in mortuary/funeral services. There will be massive demand for it in the near future.


 No.2896024

File: 472bac43eb94e87⋯.jpg (50.88 KB, 600x418, 300:209, merlin_145517148_b8670671-….jpg)

Would the Saudis having their water cut off in a war with Iran trigger a financial crash, or an oil price spike, or both? The world is less dependent on Saudi oil than it was 30 or 40 years ago, and there's rumors that they're importing oil to keep up with production quotas, but they also have the 2nd or 3rd highest proven oil reserves in the world. I also don't know how much of the worlds finances are invested in them and vice versa.


 No.2896039

>>2895960

Anon, for what it’s worth, I talked to a dude from MIT who worked at some large financial institution in NY who said they rarely hire economics majors, mostly applied math and stats. It’s easier to teach economics to a math expert than math to an economics expert.


 No.2896062

>>2895958

>>2895958

>majoring in Economics is about as productive and educational as going to Mormon school.

This.


 No.2896067

>>2895960

>I do what a career in economics though, and maybe even politics

If your goal is a "career," then fuck off. There are no "careers" in Marxist economics, which is the only kind that matters.

>I'm from Europe so my professors will probably be at least socdems

So? Socdems are wrong about everything.


 No.2896167

>>2896024

both

despite lowered dependence on Saudi oil, losing even a fraction of their oil exports mean much of the "developed" world comes to a screeching halt as everything becomes to expensive to drive or operate


 No.2896217

>>2895960

>I'm from Europe so my professors will probably be at least socdems

implying the bourgies haven't been turning the next generation into Macron types to exploit the poorer countries of the EU


 No.2896220

>>2896217

Yeah I am not sure about this. Most people absolutely hate Macron. The next "generation" of politicians have the self-awareness to at least offer some sort of concessions. Even Jeff Bezos offers a $15 minimum wage at Amazon.


 No.2896248

>>2896220

$15/hr is not a living wage and it was a net pay cut for a lot of Amazon workers.


 No.2896360

>>2896067

The plan is concealing my power level


 No.2896496

File: 78732bc53ef20a3⋯.jpg (133.06 KB, 604x917, 604:917, tesla.jpg)

File: 59e757eab3f92e3⋯.jpg (92.93 KB, 605x611, 605:611, china.jpg)


 No.2896497

>>2895169

>>2894937

>>2894911

Thanks to all of you comrades

I'll make sure to read that book I hope I get something


 No.2896508

>>2896024

America itself isn't /dependant/ on Saudi Oil (This is heavily related to US strategy in Venezeula since the US finding massive reserves in their own country was not only politically capitalized upon in the strategy there but also opened up new avenues for pursuing regime change), but it's still very much dependant on the petrodollar's relationship to oil which enables them to have the dollar operate as a global reserve currency and, among other things, continue immense amounts of Military Keynesianism handing out dividendies left + right. The instability alone with regards to this would severely hamper their ability to maintain multiple fronts in "forever wars" as they've been termed, let alone actually maintain any presence in Iran. But it goes far beyond this because a large amount of Asia is actually relatively dependant on Saudi Oil for production & ofc there is the finance argument, so either way they're definitely massively dependant on protecting Saudis indirectly, which is the biggest deterrent that Iran holds by far.

I would advise you to check out the thread about Iran if you haven;'t already, and if you wanted a more in-depth look at things like Millenium Challenge 2002 and a hypothetical conflict with Iran to listed to the Radio War Nerd podcast about it. I think it's episode 142 or something idr, you can likely find it on yiff.party (ignore the name it's basically a website that gets past patreon paywalls by crowdsourcing patrons to scrape feeds and such)


 No.2896526

>>2896496

Those steel stats are fucking ridiculous.


 No.2896620

>>2896496

lmao

Time to start learning Chinese.


 No.2896668

File: 4bb2d275e3e6ba6⋯.png (63.39 KB, 1161x223, 1161:223, 1.png)

>>2886457

$1.2 billion buyback comin' thru!


 No.2896671

File: 0166de7e1e0f830⋯.png (61.38 KB, 1112x886, 556:443, 1558440464834.png)

>>2896668

>that 52 week buy range on Baidu


 No.2896704

>>2896360

aka sucking porky dick


 No.2896906

>>2895021

Huawei CEO says company’s own OS will run Android apps

https://www.rt.com/news/459924-huawei-os-android-apps/


 No.2897131

Top Chinese CCTV manufacturers Hikvision & Dahua named as next US blacklist targets

https://www.rt.com/news/459951-hikvision-us-blacklist-report/


 No.2897133

>>2897131

What happens when China seizes Intel, Apple et al plants on its territory?


 No.2897154

>>2897133

It will mobilize the succdem college students who need their next iPhone into revolution


 No.2897282

File: dbef03dddb8d2e5⋯.png (115.14 KB, 617x716, 617:716, Screenshot_20190522_193313.png)

Some interesting stats about the DOW JONES:

>The $DJIA is down 1% from 1/31/2018. If it stay that way through 5/31, it will mark the 3rd time the DJIA has been down over a 16-month span without being in an NDR-defined bear market. Other cases were 8/1968 and 4-6/2015.


 No.2897308

File: a2e225fa604613f⋯.jpg (178.95 KB, 673x323, 673:323, bcb34304f20839c7baad6a5b94….jpg)

>>2897133

Nuclear revolution?


 No.2897415

File: e712fedd93e3340⋯.png (47.38 KB, 966x354, 161:59, Screenshot_20190522_224857.png)

File: 24e0f3b66890073⋯.png (44.89 KB, 944x351, 944:351, Screenshot_20190522_224946.png)

Another bad day for Tesla, the price keeps going down.


 No.2897422

File: 21676ff17f7421b⋯.jpg (24.23 KB, 300x300, 1:1, 11898676.jpg)

>>2897415

>STEM nerds that got wrecked in a trivia thing I went to are going to be feeling devastated


 No.2897429

>>2896906

>company’s own OS will run Android apps

Pirat OS? Yarr.


 No.2897433

>>2897422

found the humanities major


 No.2897541

File: fe0877204388e3c⋯.png (24.73 KB, 634x277, 634:277, Spike.PNG)

Anybody seeing the put-call ratio right now? Almost more bearish right now than in late December.


 No.2897589

>>2897433

>MFW my job is direct class cucking in STEM while I rationalize blowing corporate before some robot takes my job the second the economy goes to shit


 No.2897621

I had my porky wall street brother explain stock buybacks to me and I no longer think they are a big deal

it's just another way of delivering profits to shareholders

people prefer stock buybacks to dividends because they have to pay less taxes on the same income


 No.2897626


 No.2897641

>>2897626

Until they deploy 300k to Iran's border, it's not a real concern.


 No.2897642

File: 10adc66cbed3be4⋯.png (170.76 KB, 431x311, 431:311, 10adc66cbed3be4c6b3765636d….png)

>>2897621

>muh shareholders

Tell your brother to shut the fuck up.


 No.2897650

>>2897641

A war against Iran will be fought mostly with and against proxies. The US doesn't need Iraq-numbers of troops, not initially.


 No.2897660

>>2897621

>stocks are inflated as fuck

>economy in a slump, virtually no growth for 1+ year

>no big deal


 No.2897665

>>2897642

it wasn't a normative question

>>2897660

like I said, from what I understand, it's just a way to deliver profits that dodge taxes, it doesn't inflate prices.


 No.2897674

>>2897665

The profits are delivered through stock price increase for people who own shares.


 No.2897681

>>2897665

>>2897621

You didnt need an inside scoop for that. that's the definition wikipedia would've given you.


 No.2897934

>>2897665

There is less supply(the companies buy part of the Stocks) and if the demand(the people with stocks from that company) mantains the price of the Stocks goes up(basic supply and demand);that is an inflated price of stocks BUT as I said only while the demand stays like that, when people start selling everything goes south. So it's basically value based only on speculation, it's only base is that the people with the shares don't realise the shithole they're in and don't sell


 No.2897941

>>2897934

Why are you people ways such drama queens? A stock os basically a form of loan. Buying back stocks is just lessening the debt load of the company.

You're telling me if you had a compamy with outstandimg loans or shares and you had excess cash, you wouldn't pay off some of the debt load?


 No.2897981

>>2896496

Just in case anyone's curious, that steel stat suggests that china produced as much steel in 2018 alone as the US did in 2008-2018, inclusive, and 2014-2018 is as much as all three western countries in that graph combined.


 No.2897994

>>2897941

This reminds me of when my roommate would use capitalism to justify capitalism


 No.2897996

>>2897994

Are you going to elaborate or refute what I said?


 No.2898001

>>2897996

Your shit post doesn't deserve it but I'll explain my post again another way so maybe you can understand.

Value = assets-liabilities. Reducing liabilities increases value. Does that make sense to you yet?


 No.2898025

File: 11ed86de13958e3⋯.png (53.18 KB, 665x814, 665:814, Screenshot_20190523_134436.png)

File: edaff65bf45bd36⋯.png (44.42 KB, 958x348, 479:174, Screenshot_20190523_134613.png)

The German industrial PMI just came in. One of the lowest since 2012 at the height of the euro crisis.

On the other side of the Atlantic, Tesla stock is still getting pounded, lost more than 4% in the premarket! It's funny because it seems the once very talkative Elon Musk with his secure funding and other twitter shiposts, had gone silent.


 No.2898047

https://www.bloomberg.com/news/articles/2019-05-23/tesla-2019-delivery-goal-is-at-risk-on-china-woes-munster-says

>Compounding woes for the company, Morgan Stanley analyst Adam Jonas, who earlier this week said that Tesla stock could plunge to as low as $10 in a worst-case scenario, held a private call with investors Wednesday in which he said the company is “seen more as a distressed credit and restructuring story.”

R.I.P. in pieces Tesla.


 No.2898120

Dow is -373.77, good morning


 No.2898131

>>2896496

>>2896526

>>2897981

Stalin would be proud


 No.2898155

File: f2390c8a711624a⋯.png (40.57 KB, 661x664, 661:664, Screenshot_20190523_161907.png)

File: e7ccdaca8ca9459⋯.png (59.68 KB, 656x796, 164:199, Screenshot_20190523_161927.png)

File: f708c99ca03baff⋯.png (58.86 KB, 650x730, 65:73, Screenshot_20190523_162040.png)

This will be a long day of work for the PPT.


 No.2898172

File: 0f4f5ffbf977647⋯.png (64.02 KB, 665x735, 19:21, Screenshot_20190523_162219.png)

>>2898155

And as of today, we have, once again, a full inversion of the US yield curve between the 1M, 3M, 6M, 1Y and the 10Y.

For those we are do not know what that means :

>An inverted yield curve is generally considered a recession predictor. It won't be immediate, but recessions have followed inversions a few months to two years later several times over many decades.

>The U.S. Treasury yield curve has inverted before each recession in the past 50 years and has only offered a false signal just once in that time, according to data from Reuters.

Source : https://www.cnbc.com/2019/03/25/the-us-bond-yield-curve-has-inverted-heres-what-it-means.html


 No.2898182

File: 9d829514edc8746⋯.jpg (36.06 KB, 750x1073, 750:1073, downn.jpg)

There is only one acceptable direction for 2019


 No.2898200

File: 244f08dbc4872b5⋯.png (51.63 KB, 647x730, 647:730, Screenshot_20190523_163930.png)

>>2898172

>>2898155

Crude oil went back under $60 afther losing more than 4%.

This combined with the yield curve inversion clearly indicates that porkies are bracing for a recession in the near future.


 No.2898220

>>2898200

Is somebody dumping, or did global economy noticeably slowed down and people aren't buying?


 No.2898234

So what are the implications of a recession before next year (assuming it won't be a nightmare crash and just a slightly bigger / smaller version of 2009 one)? How would it effect the US elections? Also, what about the current imperialist muscle flexing (Iran, Vuvuzela)? How about Europe or Asia? Also, any possibility of something like the occupy movement, maybe even more radical, starting up if the banks are bailed out?


 No.2898238

>>2898220

The latter I think.

I don't have access to the volume of the oil market but if it follows what's currently happening in the stock market, then it's a case where there's no buyers to compensate the sellers that became really anxious after seeing the latest hard economic data and the geopolitical situation regarding US/China and the disastrous economic consequences of a potential war with Iran.


 No.2898245

>>2897282

>when it happened in 2005 the bull ran for 2 years

yeah, right off a fucking cliff


 No.2898251

File: ff70d4f1dc00509⋯.png (1.54 MB, 1000x3152, 125:394, ff70d4f1dc00509fa2739726f5….png)

File: f7cdf54dc140f53⋯.jpg (23.29 KB, 646x364, 323:182, 1417418703599.jpg)

>>2898234

>assuming it won't be a nightmare crash and just a slightly bigger / smaller version of 2009 one


 No.2898334

File: ab57028b0e1883c⋯.png (73.87 KB, 461x275, 461:275, Screenshot_20190523_175621.png)

>The NY Fed estimates that with the additional 15% tariffs on $200 billion of Chinese goods, deadweight loss from shifting supply chains elsewhere will surge, while tax payments will actually go down. $831 annual cost per household overall.

Trade wars are easy to win and even easier to pay, MAGA!


 No.2898355

>Tesla Inc. stock on Thursday rose for the first time in six sessions, boosted by a leaked email from Chief Executive Elon Musk promising record-breaking sales for the company.

"leaked"


 No.2898424

Chinese firm bans workers from buying American goods & stateside travel

“To help our country win this war, company’s authorities have decided that all employees must immediately stop purchasing and using American products,” the note reads, as quoted by the media.

The ban reportedly targets using iPhones, driving American vehicles, eating at the US food chains, as well as buying home US-branded care products.

“Employees are prohibited from purchasing or using iPhones; instead, they are recommended to use Chinese domestic brands of cell phones, such as Huawei,” the company wrote.

The firm stressed that its workers are not allowed to buy cars made by China-US joint venture manufacturers, but recommended “to purchase 100 percent Chinese-made vehicles.”

Eating in McDonald’s or Kentucky Fried Chicken is also forbidden.“Employees are not allowed to purchase P&G Amway, or any other American brands. and mustn’t not go to the United States as a tourist.”

https://www.rt.com/business/460078-china-boycott-us-products/


 No.2898425

File: fb57a33b866bb99⋯.png (63.98 KB, 651x494, 651:494, ClipboardImage.png)

>>2897665

>borrow money to inflate your stock price

>iTs NoT a ProBLeM


 No.2898428

File: 6ad242a267cfeb8⋯.jpg (167.25 KB, 1078x801, 1078:801, Screenshot_20190523-125939….jpg)


 No.2898429

File: 315bf66d9db2896⋯.png (210.64 KB, 797x310, 797:310, 1.png)

M-maga?


 No.2898434

File: 2606a223f639a4b⋯.png (649.09 KB, 683x872, 683:872, 1.png)


 No.2898446

File: 8942c4634b56730⋯.png (86.07 KB, 331x387, 331:387, 1.png)

>marketwatch.com

can't make this shit up


 No.2898456

>>2898355

>2019

>be worlds bestest entrepreneur

>write an e-mail to myself about how I'll break all records known to mankind

>make screenshot of the email

>send it anonymously to CNN

???

profit


 No.2898478

File: f8128eef6496839⋯.png (154.25 KB, 1447x673, 1447:673, 1.png)

Check out the energy sector.


 No.2898485

File: b9a15ef6b0645a4⋯.png (67.97 KB, 789x626, 789:626, 1.png)

check out out my organic growth, gais


 No.2898494

File: 136735ca8bc0449⋯.png (78.95 KB, 1492x858, 746:429, 1.png)


 No.2898498

>>2898251

Whats up with the European housing market?


 No.2898507

File: c048070df812aa2⋯.png (25.04 KB, 494x145, 494:145, 1.png)

>>2896496

this is how /pol/ copes


 No.2898508

File: 8dcdc4b43be5cd9⋯.png (37.33 KB, 768x686, 384:343, 2F3D3433-B6B7-476B-BD02-86….png)

Did anybody see this? I’m not really convinced that it’s actually relevant, but interesting nonetheless.


 No.2898528

File: 7e44fabdda605d5⋯.png (189.22 KB, 836x622, 418:311, ClipboardImage.png)


 No.2898532

>>2898528

just chill out bro and die in my factory at age 90


 No.2898534

Is your anusé prepared for the 3 pm zone?


 No.2898564

-445

approaching 3pm


 No.2898580

File: 8960030cca4f60b⋯.jpg (35.03 KB, 750x392, 375:196, 1.jpg)

activate 3pm protocol


 No.2898581

File: 2e2f18ff4ab4dc9⋯.jpg (326.14 KB, 714x1009, 714:1009, 20190523_150132.jpg)

>protracted trade war

Wow Maoist theory is advancing damn


 No.2898588

The funny thing is that China hasn't even yet officially responded to US sanctions against Huawei.


 No.2898592

>>2898581

>1938

>protracted people's war

>2019

>protracted trade war

>2079

>protracted pillow fight


 No.2898594

File: 414400497ef140e⋯.png (214.29 KB, 1783x757, 1783:757, 1.png)


 No.2898595

>>2898594

T A X B R E A K S

A

X

B

R

E

A

K

S


 No.2898601

File: c821c18223aec8f⋯.jpg (33.99 KB, 469x336, 67:48, 23507203_129182897779428_1….jpg)

>>2898594

>Tax breaks for keeping labor domestic

nigga what

>high tariffs for foreign labor

we must have a trade war with every single other nation on earth, ez

Reintroducing 100% slave labor into America is the only way to truly remain competitive. This is why capitalism only works good on paper and not in practice.


 No.2898605


 No.2898619


 No.2898657

File: 3e5f2317bdb6b29⋯.png (9.48 KB, 685x50, 137:10, 1.png)

>>2898605

such stakes


 No.2898660

So who exactly is going to get out of a trade war the winner? My instincts tell me that nobody wins, but my cynicism tells me that the US can win this easily by just yanking on the EU's neck hard enough. Right wing politicians are getting elected in droves, and I'm sure they'll all want to suck on Daddy Trump's dick.


 No.2898662

>>2898657

you have to admit that their nuclear takes are actually kind of funny


 No.2898663

>>2898660

I don't see how anyone could "win" at this game of charade. China will adapt to the situation sooner than you'd expect.

>>2898662

I know, right?


 No.2898667

File: 23c8cb7e1d45fe8⋯.png (10.77 KB, 597x194, 597:194, Capture.PNG)

>>2898663

T A X B R E A K S

A

X

B

R

E

A

K

S


 No.2898685

File: c39bd830c00ff70⋯.png (22.24 KB, 423x353, 423:353, Global-US-PMI-2019-05-23.png)

File: 0959be1d606b8e1⋯.png (25.45 KB, 494x380, 13:10, US-services-PMI-Markit-201….png)

https://wolfstreet.com/2019/05/23/suddenly-us-service-sector-too-lets-go-manufacturing-gets-even-weaker/

Suddenly US Service-Sector Growth Dives, Manufacturing Gets Even Weaker

>Underlying data indicated a broad-based slowdown in the rates of expansion for output, employment and pre-production inventories, while new orders declined for the first time since August 2009.


 No.2898693

>>2898663

I do think that might be the case, China could possibly use the EU against the US or just do some realy intelligence agency bullshit by sacrificing Iran to more or less neuter the US military by getting them involved into a quagmire. The US has proven itself to be nothing more than a paper tiger, easily able to cower the feeble Europeans but anyone with courage can stare down the beast and make it tremble.


 No.2898709

File: e8b9c6851749d6b⋯.png (33.13 KB, 1165x121, 1165:121, 1.png)

>>2898667

Those DARN KIDS made FIVE new classes in under 10 minutes!


 No.2898710

>>2898709

>class = hierarchy = class

Absolute state


 No.2898711

>>2898508

The time scale is different, implying that the current economy is slower (makes sense). IMO some of these patterns really are significant, much like the orbits of planets imply things about the law of gravity. However, the science of figuring out these patterns is a lot like fortune telling right now.

I would say that since we know that real indicators (inverted yield curve, low unemployment, etc) tell us a recession is coming, this is more supporting evidence.


 No.2898713

>>2898709

Class is when people boss each other around and the more people boss each other around the more classier it is.


 No.2898715

File: 7b89eeb3ee65623⋯.png (85.17 KB, 1800x877, 1800:877, D7R0-OtXYAIvQKi.png:large.png)

>>2898508

>>2898711

here's a better pic


 No.2898717

File: fa3eb601c85ca2b⋯.png (46.09 KB, 1662x167, 1662:167, 1.png)


 No.2898720

>>2898713

ANARCHISTS/LEFTCOMS APROVE THIS MESAGE


 No.2898723

>>2898717

Fucking epic. I love being ruled by "superior specimen" like Donald Trump, Sheldon Adelson, and Jeffrey Epstein. Seriously, if you believe that capitalists are actually superior to all the rest of us, your brain is obviously broken. If you look at these people objectively, they clearly aren't very smart or skilled in any way. And once you realize that, you realize that class isn't about who is superior, and it's not a natural occurrence. It is something that can be abolished.


 No.2898725

>>2898713

Once, my mom said to me: "time to do your homework, son!" And I was like, "Shut up, mom, you're not the class of me! I'm the alpha in this relationship, bitch." She then cooked me a meal in silence.


 No.2898733

>>2898693

A war with Iran will cause the oil price to skyrocket because the closure of the Straits of Hormuz. See the WW3 thread. It will benefit the US oil producters.


 No.2898740

File: 6ad6ebf638d2472⋯.png (108.95 KB, 1719x406, 1719:406, 1.png)

My brain just exploded. This guy is a goldmine.


 No.2898750

>>2898723

Or you double down and whine about how the "perfectly natural" system has been corrupted by obviously inferior outsiders which need to be cleansed to restore former glory. All this without a trace of irony.


 No.2898763

>>2898733

But Venezuela…


 No.2898784

File: a02d0d758e69210⋯.png (67.21 KB, 1139x343, 1139:343, 1.png)


 No.2898797

New thread.

https://boards.4chan.org/pol/thread/214047983

I love exploiting the insecurity of amerilards on /pol. It usually has hilarious effects. Please vote here: https://www.strawpoll.me/18043837/


 No.2898802

File: ba19e33a13aa97b⋯.jpg (1.32 MB, 1024x1024, 1:1, 3-day-ration.jpg)

File: a47f939e7aac4c9⋯.jpg (3.16 MB, 2313x3457, 2313:3457, bottled-water.jpg)

File: 62353be02628992⋯.jpg (120.01 KB, 800x550, 16:11, 9mm-Ammo.jpg)

What should I buy to prepare for the crash, /leftypol/?


 No.2898804

>>2898802

I bought gold personally.


 No.2898824

>>2898594

Got it! Trump can cut welfare program and medic aid & care and create reserve labor army that happily work for food like in 19 century!


 No.2898842

>>2898763

see >>2898027


 No.2898847

>>2898709

>put 5 kids in a room for a few hours

>In other words, put 5 kids in a room permeated by hierarchical symbols and they will become hierarchical cunts

/pol/ is always entertaining.


 No.2899167

File: c84f28e0fed025d⋯.png (33.04 KB, 603x227, 603:227, 1.png)

Good morning, workers. Today will be green, you'll see. Now go back in line.


 No.2899173

RDW responds to Trump's Huawei ban

https://www.youtube.com/watch?v=TDHhUk-pAOw


 No.2899188


 No.2899236

>>2898802

A gun and a helmet.

>>2898804

buying gold is literally a scam


 No.2899241

File: d7a43d31cfb93b3⋯.png (35.42 KB, 598x214, 299:107, 1.png)

All is fine, all is fine…


 No.2899260

File: f34c76735305535⋯.png (34.91 KB, 597x216, 199:72, 1.png)

g-guys?


 No.2899271

File: a57ebbd695c80c1⋯.png (2 KB, 70x119, 10:17, 1.png)

>>2899260

now this is some next level plunge protection right here


 No.2899275

>>2899236

Buy physical palladium and platinum much better.


 No.2901178

>go to /biz/

>see stock market general

I love how their general narrative differs from leftypol's. Only time will tell us.

http://boards.4channel.org/biz/thread/13833535#bottom


 No.2901179


 No.2901180

/smg/ is filled with the absolute smuggest idiots and also tripfags.


 No.2901186

File: 8c36f488fe9bec2⋯.jpg (142.33 KB, 1080x938, 540:469, gommie.jpg)

>>2901180

>>2901178

I have lots of fun there


 No.2901194

https://thenextrecession.wordpress.com/2019/05/26/global-slump-the-trade-and-technology-trigger/

>When fundamentals like profitability and debt turn sour for capital, then anything can trigger a slump. Each crisis has a different trigger or proximate cause. The 1974-5 international recession was triggered by a sharp rise in oil prices and the US coming of the dollar-gold standard. The 1980-82 slump was triggered by a housing bubble in Europe and a manufacturing crisis in major economies. The 1990-2 recession was triggered by the Iraq war and oil prices. The 2001 mild recession was the result of the bursting of the dot.com bubble. And the Great Recession was started with the collapse of the housing bubble in the US and ensuing credit crunch brought on by the international diversification of credit derivatives. But underlying each of these crises was a downward movement in the profitability of productive capital and eventually a slowdown or decline in the mass of profits.

>It now seems possible that brewing trade war between the US and China could be a new trigger for a global recession. Certainly, US investment bank, Morgan Stanley has raised such a risk. “While a temporary escalation of trade tensions could be navigated without much damage at all, a lasting breakdown would inflict serious pain. If talks stall, no deal is agreed upon and the U.S. imposes 25% tariffs on the remaining circa $300 billion of imports from China, we see the global economy heading towards recession,” the bank’s analysts said in a note.


 No.2901197

>>2901186

"dumb details" like speculative bubble mechanics lmao


 No.2901225

>>2901186

number go up

number go down

doop derp


 No.2902047

>>2899188

The gommie in that thread is doing god's work.


 No.2902054

File: 6a9bcf7a2b2b494⋯.png (27.83 KB, 1254x132, 19:2, ClipboardImage.png)

How does this company have so much cash laying around. Why are buybacks at record highs? Why not hold on to cash and wait for a crash?


 No.2902056


 No.2902058

>>2902054

Because CEO's compensation is based on the value of the stock. You didn't actually think they give a shit about the company, the workers, and will somehow be affected by the crash instead of walking away with tens of millions of dollars, did you?


 No.2902061


 No.2902167

File: cdb2c01f38cd6d4⋯.png (34.44 KB, 603x206, 603:206, 1.png)

a gub mornin to ya

relatards is FUTURES :DDD


 No.2902171

>>2902167

Someone mind explaining what futures are to me?


 No.2902174

>>2902171

So, get this, there are PLEB-tier traders (possibly u n me) and there are CHAD-tier traders (big banks n shiet), and these motherfuckers can actually pre- and post-trade befor and after market is close, lol.

Tho, most of it is algorhytims anyway, so fuck it, lol


 No.2902195

File: 4d9d6a660510965⋯.png (36.86 KB, 600x204, 50:17, 1.png)

futures say: :(


 No.2902196

File: 0844e0ad7b1fa39⋯.png (37.46 KB, 591x211, 591:211, 1.png)

>>2902195

EU says :( too


 No.2902197

:)


 No.2902201


 No.2902203

>>2902197

I'd bargain 1:3 that this is ex-BO.


 No.2902749

>China indicates it may use rare earths as weapon in trade war

>Scaling down rare-earth exports to the US is "a smart hit" against the US crackdown on Huawei and the US-China trade war, Wu Chenhui, an independent rare-earth analyst, told the Global Times on Tuesday. The latest move is also seen as China's retaliation for the US export control of its high technologies to China, and as a strategic material, the export of China's rare earths has to be adjusted now, analysts said.

>"It could inflict substantial damage on the US military and tech industry, as rare earths are a key material in manufacturing chips, radar, fiber optics, night vision goggles, missile guiding systems, and tank armor," he said. "Just name a few big name US companies like Apple, Qualcomm and Raytheon… they could suffer a lot from the countermeasures."

http://www.globaltimes.cn/content/1152119.shtml


 No.2902762

File: f180726f4b3ab0a⋯.png (49.71 KB, 656x728, 82:91, Screenshot_20190528_221014.png)

File: 4c40ab89ca700d3⋯.png (40.35 KB, 641x662, 641:662, Screenshot_20190528_221103.png)

File: 4e01fa51f104326⋯.png (57.39 KB, 649x781, 59:71, Screenshot_20190528_221150.png)

What a wild ride today!

The S&P is retesting the 280, if this resistance breaks tomorrow, shit might arguably get real.

On a side note, the head of the infamous PTT, Simon Potter, resigned today :

https://www.bloomberg.com/news/articles/2019-05-28/new-york-fed-s-markets-chief-simon-potter-to-step-down-june-1


 No.2902769

File: bc5d8057fc9dfe0⋯.png (65.1 KB, 670x714, 335:357, Screenshot_20190528_222150.png)

>>2902762

*PPT (Plunge Protection Team)

And the now inverted yield curve is getting pummeled again.

The 10y is at historic lows.


 No.2902884

>>2902769

Now everyone will have to respect my opinions on the economy, I've been telling people for about six months now that the crash was coming within a year or so.


 No.2902899

>>2902749

another times article just dropped about banning rare earth sales to the US

probably going to be implemented next week then

http://www.globaltimes.cn/content/1152127.shtml


 No.2902906

File: 93a898c56a2cfd3⋯.png (67.5 KB, 671x577, 671:577, ClipboardImage.png)

File: 9e424855b6c36b7⋯.png (64.38 KB, 230x230, 1:1, ClipboardImage.png)


 No.2902933

>>2902884

It is pretty obvious that the bull market is being supported by a really harsh prod, and the bull will simply stop responding afterwards. The bull is always beaten and eaten by the bear. As always.


 No.2902950

>>2902769

>>2902762

https://realmoney.thestreet.com/investing/stocks/what-happened-tuesday-is-a-symptom-of-a-sick-market-14973753

> The S&P 500 did something Tuesday that it hadn't done all year.

>It was the first time this year that the S&P 500 went from up 0.5% to finish down more than 0.5%. That sort of intraday reversal is a symptom of a sick market.

>The late pressure may have been due in part to the semiannual rebalancing of MSCI indices at the close, but it is extremely difficult to measure the full impact that this has. Even without the rebalancing the indices are in very poor shape technically and are struggling to hold on to support. While the S&P 500 is still above the key 2800 level, the potential for more downside action in the indices is very high right now.


 No.2902953

File: 16b698c73288e17⋯.jpg (85 KB, 1484x989, 1484:989, 4FXQ7ESQXAI6TCFB5U2G6DWJJ4.jpg)

Propaganda and the coming crash

The smart porkies know that the crash is coming (knew for a while) even though their publications and shills say it's not. The even smarter guys who serve porky in the CIA also know. The bourgeois state schedules its political theater and its real strategies around the market. Trump has been absolutely perfect for the porkies due to this.

Here's how the Trump admin aggression on China plays out in the strategic level:

- The USA has been itching to stop China's development for a while now

- Trump initiates their aggression for them

- This is deliberately timed so that the tariff war will coincide with the natural market crash (becoming the "trigger") and bourgeois media can blame the crash on the tariff war rather than natural cycles of the economy

- The blame will go two ways:

1. It's China's fault because they're evil bugpeople who steal all our tech, jobs, money, etc!!! Go on Reddit or Facebook and you will see that this is wildly popular "across the aisle," IE BOTH Dems and Reps will run this line.

2. It's DRumph's fault (crash is going to come before elections), all we need is a Dem in the White House to stop the crash!!

- Dems will run THE MOST REACTIONARY PERSON THEY CAN FIND. Such as Biden. The win is seen as guaranteed due to the crash. All of the socdem politicians are ramping up the rightwing rhetoric right now in order to vie for the position. This will also be excused as "needing to talk to Trump's dissilusioned voters."

- Just like Obama and the Iraq war, they will continue the trade war when they are in office, but now it is normalized. All blame is shifted to China. Drump "just didn't handle it well."

- "Overton window" moves further into full-blown fascism.

- Re-proletarianization will ramp up even further in the West, as well as isolationism and eco-fascism.


 No.2902976

>>2902953

Yeah that's what I've been thinking. Socialism is a dead project, or at least going to be little more than a fad, as kids flock to pewds, adults suck on that Biden and then after that Jon Cotton's teets as the "responsible choice" and boomers start to fuck off, but leave their ideological disease to the rest of us.


 No.2902983

>>2902953

I mostly agree with you, I think the trade war with China will be used to ramp up patriotism to try to transform the potential class consciousness that could emerge from the coming economic crisis into sinophobic sentiments in the American population and then use this as a way to suppress any anti-capitalist groups or even social democrats by calling them Xi's puppets, like they did with "Russia Gate".

Furthermore, I think that May 15th 2019 will be considered a historic date in the future : the end of the Neoliberal era of Capitalism and "globalization".


 No.2902985

>>2902983

>I think that May 15th 2019 will be considered a historic date in the future

Because of the Huawei ban in America and the real beginning of the true trade war, of course.


 No.2902990

File: f3fe31dbaab7518⋯.png (31.26 KB, 658x171, 658:171, 1.png)

buy the dip, assholes


 No.2902991

File: e4c9b1772807130⋯.png (30.06 KB, 182x135, 182:135, 1.png)


 No.2903009

>>2902983

It's honestly a perfect plan. Is there any way to counter it?


 No.2903012

>>2902953

If a crash happens during the Dem primary I think sanders would be the biggest benefactor because of the economic populism. He'll be willing to attack the corporations that go under.


 No.2903019

>>2902983

Globalization only ever truly ends with world wars


 No.2903024

>>2903012

Look how Sanders has slid. He jumped aboard the Russia and China scare bandwagons. His record is already awful with his complete support of at least half the military and economic attacks that the US has done in the past 30 years.

Moreover, you're imparting undue rationality to the election machine. You can just as easily say that with a market crash, the media and voters will become even more hysterical about the need to "beat Trump" using "electability." They'll rig the elections too, just like last time. And this is only even a factor if the crash happens before the Dem primary is mostly over.


 No.2903029

File: 49d448ba4b6b015⋯.png (77.3 KB, 1200x800, 3:2, export-HWbWl.1559059100626.png)

File: 023627773e24e7d⋯.jpg (30.99 KB, 716x372, 179:93, msms.1559059162100.JPG)

OH NONONONONONO

>Morgan Stanley cuts its Q2 US GDP forecast to 0.6% from 1.0%.

>For Morgan Stanley economist we are already in the beginning a downturn.

https://www.cnbc.com/2019/05/28/morgan-stanley-says-economy-on-recession-watch-amid-bond-warning.html?&qsearchterm=morgan%20stanley


 No.2903030

>>2903012

There's absolutely no way the dems won't cheat Sanders again.


 No.2903047

>>2903029

I like how "repair" is a massive rollercoaster down. That's repair?


 No.2903048

>>2903047

I don't think they're allowed to say "damage control" out loud


 No.2903053

>>2903012

>sanders would be the biggest benefactor because of the economic populism

Sanders isn't gonna get anywhere close to the nomination, the Dems will make sure of that

real darkhorse is gonna be Yang and he would probably benefit more if a crash occurs during the election or before


 No.2903146


 No.2903257

File: f9f23f68817481d⋯.png (105.6 KB, 648x756, 6:7, 1559120271280.png)

File: 3c24951e4326f49⋯.png (134.12 KB, 654x900, 109:150, 1559120339006.png)

OH NONONONO

>China on rare earth export ban:"Don't say we didn't warn you.".


 No.2903258

File: a469d58e59f1854⋯.png (16.37 KB, 573x182, 573:182, Captured.PNG)

futures looking trendy today


 No.2903262

>>2903258

Only a Trump tweet can save the market today.


 No.2903266

>>2903053

>>2903024

>>2903024

Sanders has been doing lots of outreach to establishment dems and elected officials only pure Hillary stans will try to axe him.

Biden has no energy for real and this will become a liability more and more, especially when ppl get worked up by a crisis


 No.2903360

Stock market opens in 15 minutes.


 No.2903370

>>2903360

Wrong, it's actually in 36 minutes. How can we hope to predict the crisis if we don't even get this right


 No.2903394

File: b60455ed430131d⋯.png (36.45 KB, 947x343, 947:343, 41251241646.png)

-200 ALREADY


 No.2903399

>>2903394

Why the sudden drop?


 No.2903404


 No.2903406

File: be06f0e3cd10fdf⋯.png (52.97 KB, 659x721, 659:721, Screenshot_20190529_155334.png)

>>2903394

Is this the beginning of the golden bear run?


 No.2903476

File: 5d4ab519e7644c6⋯.jpg (250.73 KB, 1080x1547, 1080:1547, Screenshot_20190529-114131….jpg)

LETS FUCKING GOOOOOOOOOOOOOOO


 No.2903477

>>2903476

>>2903406

The S&P broke the 200-day moving average which was at 2776.


 No.2903483

>Market are tanking.

>China will most likely restrict rare earth exports to US in retaliation against US sanctions.

>The US "intelligence community" is claiming Russia is likely conducting Low-Yield nuke tests.

Who's ready for WWIII?


 No.2903489

File: 32772123c91c3dd⋯.png (67.92 KB, 624x488, 78:61, Screenshot_20190529_181102.png)


 No.2903501

>inb4 this is only a tease


 No.2903510

The thought of everything crashing down fills me with happiness.


 No.2903518

>>2903489

Powell will not cut the rates this year, how does the market expect this? Yellen was a student of the market but Powell is a teacher. He wants to teach Trump that the president can lead us into a recession all on his own, and that the fed isn't to blame for the impending crisis of Trump's making.


 No.2903574

File: abbcf508f47a67a⋯.png (281.59 KB, 724x700, 181:175, 1.png)

marketwatch seems rather bleak today. They aren't even really pushing the dip buying meme


 No.2903576

>>2903257

>80%

Pretty brutal. If this goes through the US will have to increase its imperialism against countries that could supply its rare earth needs.


 No.2903577

>>2903262

I bought the dipfefe. Bigly. And so should you.


 No.2903580

>>2903483

You think America would let the straight of Hormuz close when the war with Iran comes? Could the banks handle it


 No.2903581

>>2903257

RT.com just called this "China's nuclear option"


 No.2903583

>>2903576

Rare-earths are everywhere, but the ecomically viable deposits are scarce. Us could get them elsewhere, but there are not enoigh mines outside of china and building new ones will take time when the price increase makes new deposits viable for exploitation.


 No.2903586

File: c3819195c4eb64e⋯.png (4.06 KB, 249x202, 249:202, download.png)

Coming soon to a theatre near you.


 No.2903593

>>2903586

Sub 25,000 BABY WOO


 No.2903606

>>2903593

we can do it, just believe in the power of the invisible hand


 No.2903622

>>2903593

>>2903586

>went up

It seems like 3PM is pump hour most of the time.


 No.2903625


 No.2903633

there is literally nothing wrong with being a financial sector parasite


 No.2903640

>>2903633

Donate the porkster parasite money to the revolutionary army and you'll be forgiven


 No.2903642

>hits 4PM

>sudden 20+ point drop

Is this a regular occurrence?


 No.2904056

De La Rue PLC (DLAR.LN) said Thursday that pretax profit fell 78% in fiscal 2019 after it booked exceptional charges related to Venezuela sanctions.

https://www.marketwatch.com/story/de-la-rue-profit-hit-by-venezuela-sanctions-2019-05-30


 No.2904058

File: ef2dc5f93cb56fc⋯.png (157.8 KB, 714x770, 51:55, 1.png)

Stocks down at least 50% since 2018


 No.2904147

>>2898429

Is that on its own going to just wreck the US economy leaving it stuck with everyone just flat paying more for everything as porkies go and start developing in other south east asian countries?


 No.2904190

File: 2034aa223fb0ac7⋯.png (33.98 KB, 948x327, 316:109, Screenshot_2019-05-30 Dow ….png)

Meanwhile, at dow.


 No.2904269

File: a9ed88b1656c4aa⋯.jpg (16.37 KB, 320x240, 4:3, cat_arching_back_3_-_black.jpg)

>>2904190

the black cat formation


 No.2904389

DOW will finish around 0


 No.2904404

File: df6c62106b80e52⋯.jpg (355.98 KB, 720x1147, 720:1147, 20190530_154419.jpg)

So he's basically predicting a crash, right?


 No.2904443

File: 60b6bd943150451⋯.png (38.3 KB, 600x1000, 3:5, D7z_NmyWwAAH_K3.png:large.png)

File: f8b5a1a916ee132⋯.png (49.49 KB, 659x726, 659:726, Screenshot_20190530_221458.png)

US Treasury Yields, Lowest Since :

1-mo: Dec '18

3-mo: Dec '18

6-mo: Sep '18

1-yr: Jun '18

2-yr: Feb '18

3-yr: Dec '17

5-yr: Nov '17

10-yr: Sep '17

30-yr: Dec '17

And Crude Oil Futures falling down nearly 4%!

Not a good sign for the global economy.


 No.2904447

File: 11535cb4ed832d0⋯.png (65.42 KB, 672x720, 14:15, Screenshot_20190530_221910.png)

>>2904443

Oh, I forgot the yield curve…


 No.2904453

File: a373c83eacd97a3⋯.png (46.72 KB, 603x279, 67:31, Screenshot_20190530_222347.png)


 No.2904663

Futures tumbling after Trump announces 5% tariff on Mexico that will steadily increase up to 25% in a few months. How can one man be so based?


 No.2904670

File: 60ae968d2a2ac3b⋯.png (56.64 KB, 669x766, 669:766, Screenshot_20190531_021059.png)

>>2904663

Ooof! That's what I call a nice plunge.

Based Trump, I'm starting to become an accelerationist…


 No.2904671

File: ce03e7d017f7085⋯.png (138.94 KB, 517x543, 517:543, S&P_2019_returns.png)

How the S&P fared since the beginning of 2019.


 No.2904672

File: 3fe59a22aa62ac7⋯.webm (3.05 MB, 540x360, 3:2, IT KEEPS HAPPENING.webm)

>>2904670

>>2904663

I TOLD YOU, BRO.

I TOLD YOU, DOG.

TOLD YOU ABOUT TRUMP TWITTER SHITPOSTS.


 No.2904675

>>2904672

Thanks to that twitter shitpost the S&P broke its 200 moving average (2776), meaning tomorrow will most likely be a blood red day for the markets!


 No.2904776

File: 19f8edd69c88e6d⋯.png (69.38 KB, 668x700, 167:175, Screenshot_20190531_040747.png)

If this yield curve doesn't give you a rock hard boner, I don't know what will.


 No.2904842

>>2904453

Serious question, is this something worth investing in short stocks in?


 No.2904846

>>2904842

You mean shorting?


 No.2904849

>>2904846

Sure. Borrowing stocks and then repaying the stocks later?


 No.2904851

File: 36c49061d8b5ee1⋯.png (738 KB, 1080x1920, 9:16, 20190531084723.png)

a good ebening


 No.2904853

>>2904675

So…buy tomorrow?


 No.2904855

>>2904849

Some people will definitely make money doing that. That's why the coming stock crash will look more like a staircase. Not right now, though. Too volatile.


 No.2904856

>>2904851

>The tariff, to be effective June 10, would increase each month if Trump is not satisfied by Mexico’s efforts on border security.

https://www.marketwatch.com/story/mexico-tariffs-may-complicate-trumps-efforts-to-get-nafta-replacement-passed-2019-05-30?mod=mw_theo_homepage&mod=mw_theo_homepage


 No.2904873

#7

Applying pressure against Mexico to at least stifle the massed caravans is a good idea.

It also sets the stage for further escalation of immigration/border enforcement measures.

This move is a pretty ingenious workaround to the legal speedbumps at home.

Also, to those of you who still haven't realized it yet, the Stock Market doesn't matter. At this point it is sharks ripping off sharks with no real basis in reality.


 No.2904875

>>2904855

Yeah. I'm just trying to figure out when.

I have less than ten thousand in savings but it seems certain enough that it could be made worth it.


 No.2904929

http://www.globaltimes.cn/content/1152609.shtml

>China will soon release its own entity list of foreign entities that conduct straggling efforts on Chinese companies, the Ministry of Commerce announced on Friday.

>The announcement was made before previously published retaliatory tariffs on $60 billion in US goods that will take effect on Saturday.

>Software providers, including Google, Microsoft, as well as Softbank's chipset producer Arm face risk of being listed into the list. It is not known what punishment firms on China's "entity list" face at the moment, analysts said.


 No.2905091

-300


 No.2905108


 No.2905193

File: ced6df0572245a3⋯.png (31.06 KB, 461x214, 461:214, 1.png)

helo


 No.2905230

>>2904851

I thought they were in a free trade agreement, is that even a real possibility ? I guess US dont care much about breaking treaties but still


 No.2905268

File: 87035827ec77929⋯.png (32.8 KB, 491x204, 491:204, 1.png)


 No.2905347

File: fdb691871bbd044⋯.png (845.44 KB, 1160x773, 1160:773, ClipboardImage.png)

>>2905091

WHAT THE FUCK IS HE DOING BROS?


 No.2905349

>>2905347

He's playing chess with himself


 No.2905362

>>2905347

It look like he make amerika great again in another live.


 No.2905363

>>2905347

Trump is secretly an accelerationist.


 No.2905370

>>2905347

He is preparing for the collapse


 No.2905427

File: 790d949811e2f6d⋯.png (71.49 KB, 665x865, 133:173, Screenshot_20190531_220024.png)

File: 055443244a43fe9⋯.png (58.08 KB, 661x748, 661:748, Screenshot_20190531_220049.png)

File: a4ca2e7e7991580⋯.png (56.42 KB, 663x753, 221:251, Screenshot_20190531_220143.png)

File: 0c344164af94bf0⋯.png (23.75 KB, 653x338, 653:338, Screenshot_20190531_220516.png)

File: 86e61e15e8b6db2⋯.jpg (357.96 KB, 1692x1167, 564:389, 1559322721366.jpg)

DING DING DING

The indices broke all their immediate technical thresholds, we can expect more bloodshed next week, unless Trump tweet about how tasty Obrador's enchiladas are, this weekend.

This was also the worst week for oil in 7 years.


 No.2905441

Does anyone else feel like the bourgs are aware of the inevitability of the upcoming crash and are trying to cut and run with as much money as possible?


 No.2905487

>>2905441

Capital. Not money. Paper is fragile.


 No.2905524

>>2905441

> Does anyone feel like the bourgs […] are trying to cut and run with as much money as possible?

This is their modus operandi


 No.2905531

>>2905347

marxism-leninism-alzheimerism


 No.2905671

These guys are in for a surprise:

One of Wall St.’s premier investors says S&P 500 may tumble 16% by summer’s end because markets never ‘had a trade war like this’

>Minerd said that by the end of next week, if not sooner, the market will find a near-term bottom but then his proprietary trading models indicate that a downturn is more likely than not. “Our models signal markets will make new lows in the summer,” he said. “A break below December lows would mark the end of the bull market that began in 2009, Something we expect,” he wrote in a recent research note.

https://www.marketwatch.com/story/one-of-wall-sts-premier-investors-says-sp-500-may-tumble-16-by-summers-end-because-markets-never-had-a-trade-war-like-this-2019-05-30

EVERYTHING is the trade war's fault:

Mortgage rates sink below 4% as the trade war slaps markets

>“It is possible that the trade dispute is causing potential homeowners to hold off on buying, with the fear that further escalation – or the lack of resolution – may have adverse impacts on the economy and housing market,” the group said in a release.

https://www.marketwatch.com/story/mortgage-rates-slide-below-4-as-the-trade-war-buffets-markets-2019-05-30


 No.2905674

File: 562e2a177593f39⋯.gif (22.01 KB, 600x136, 75:17, afmgiff.gif)

>>2904851

/ck/ is already calling it the "vegan genocide"


 No.2905677

File: fc2413c520c4f22⋯.png (113.74 KB, 743x919, 743:919, 1.png)


 No.2905700

>>2905677

RIP in pieces, Avocado Toast


 No.2905708

>>2905671

>EVERYTHING is the trade war's fault:

just as I predicted here:

>>2902953


 No.2905710

>>2905708

Even if they blame it on Trump, the inability for the next Democratic president to solve the crisis will reveal the underlying truth. People MUST realize who is really screwing them this time. It's now or never.


 No.2905711

>>2905710

>the next Democratic president

Yeah, because Joe "Hillary 2.0." Biden will SURELY defeat Drumpfh


 No.2905712

>>2905710

wishful thinking - the post


 No.2905713

>>2905711

It honestly think Bernie is going to win. I doubt that many of his policies will go through Congress, but I do think he'll get elected.

>>2905712

Sure, but what the fuck else am I going to do? Either people start getting more conscious of their class enemies, or we will see Blackshirts goosestepping on every sidewalk.


 No.2905717

>>2905713

The democrats are already preparing to cheat Bernie in the primaries as they did before. They are electing anti-Bernie people to key positions that will overlook the primary. They are already publishing bullshit articles, fake stats, etc. against Bernie and for Joe Biden.

Open your eyes, you naive idiot.

>>2905713

>Sure, but what the fuck else am I going to do?

<I prefer my fantasies over reality

and this is the recipe of failure


 No.2905739

>>2905713

>I doubt that many of his policies will go through Congress, but I do think he'll get elected.

My gut feeling has me agree. I know this "generational" stuff is a bunch of made-up nonsense to sell people stuff, but there is a big generational turnover happening right now in the electorate, with 2018 being the first year that the millennials emerged as the single largest voting bloc. Situation kinda feels like the late 1970s as the boomers emerged and as the old economic order goes sideways.

Basically Trump is the Republican version of Jimmy Carter. Corey Robin has some interesting things on this subject with the theory of American presidential regimes that go through patterns ending with a "disjunctive" president that breaks the old consensus but fails to restructure American politics around a new one. Trump is like this in a lot of ways, and it doesn't feel like Trump has expanded his base at all which is what he needs to do – it has shrunk (slightly) and compacted but I dunno if that's enough for him to get re-elected.

There's also a real possibility the global economy will enter into recession between now and the election.


 No.2905745

File: e9d56ac5d96003d⋯.jpg (450.14 KB, 1512x1437, 504:479, 8f60755b84d9225d9e7bb98ae8….jpg)

Like, people forget Carter was a weird president. Kinda came out of nowhere, and was really a proto-neoliberal and busted up the airline and trucking industry unions. He ran against his own party in some ways and presented himself as this populist, "top competent management" guy. He outflanked the Republicans from their right. He ended up getting blamed for the old economic order blowing itself apart but he was really trying to restructure the economy in a way that only Reagan actually managed to do – of course neoliberalism was a longer process with NAFTA being signed under Bush 1.0 and coming into effect with Clinton. But Reagan restructured the boundaries of the debate – the reigning *consensus*. Which is why Reagan was one of the more impactful American presidents. Carter set up the realignment.

If I'm an optimist it's to believe that Bernie might be able to be like Reagan in a way. Notice he doesn't have much disagreement with Trump over his protectionist trade policies.


 No.2905857

>WASHINGTON — The Trump administration announced on Friday that it was stripping India of a special status that exempts billions of dollars of its products from American tariffs, part of a deepening clash over India’s protections for its market.

>The White House said that it would terminate India’s preferential market access to the United States as of June 5. The notice claimed that India had not given the United States “equitable and reasonable access to its markets.”

>The administration said that it would also apply to India tariffs on solar panels and washers that President Trump announced last year, suspending an exemption it had granted to certain developing countries.

>The measure will hit some Indian exporters of products like textiles, jewelry, auto parts and agricultural products, and aggravate tensions between the United States and a country the Trump administration has described as an ally to counter China.

LMAO


 No.2905877

File: 7bcee703674ca82⋯.jpg (21.79 KB, 394x300, 197:150, 13077169_1181255781894196_….jpg)

>>2905857

Aight fam the economic collapse is really coming, these actions are just a diversion tactic to blame the collapse on Drumphf. Porky is really tryharding to cover-up the contradictions of capitalism


 No.2906034

>Is There Too Much Business Debt?

https://libertystreeteconomics.newyorkfed.org/2019/05/is-there-too-much-business-debt.html

>Opinion: Three decades of neoliberal policies have decimated the middle class, our economy, and our democracy

https://www.marketwatch.com/story/three-decades-of-neoliberal-policies-have-decimated-the-middle-class-our-economy-and-our-democracy-2019-05-13?

>Amazon Is Shopping for Office Space in Manhattan, Proving HQ2 Haters Pretty Much Entirely Right

https://slate.com/business/2019/05/amazon-new-york-city-office-space.html


 No.2906037

>>2898802

Focus less on boomertard apocalypse paranoia larping props and instead more on practical things like sewing needles and thread.


 No.2906047

>>2905857

I have no idea what the fuck is going on at this point.

This is so odd. What purpose does this serve?


 No.2906057

So I know this crash was inevitable but did the trade make it come faster or was it just a coincidence


 No.2906061

>>2906057

I would say come faster, because it shows the inherent instability of the market.


 No.2906064

>>2906057

Anything that lowers profitability brings the crash closer, which is why socdem policies like tariffs are actually accelerationist.


 No.2906081

>>2905857

Stop Trump-sama~~

I've already busted my crisis nut uguu~


 No.2906089


 No.2906136

>>2906057

Trade war is the "trigger" most likely.


 No.2906349

File: 4d5cd3b35d41f55⋯.png (56.52 KB, 1148x201, 1148:201, 1.png)

>>2896668

$450 million buyback comin' thru!


 No.2906404

File: 56b14eec08ecdd3⋯.png (267.2 KB, 720x798, 120:133, Screenshot_20190601_203753.png)

AHAHAHAHAHAHAHHAHAHAHAH

Porky on full damage control


 No.2906413

>>2906404

>t-this time it's different!

I wonder if they actually believe this shit, or they are just trying to keep the proles in line. I bet most of them actually do expect a crash at this point.


 No.2906428

>>2906413

They believe they have a moral obligation to be optimistic because they know that the market responds to their analysis.


 No.2906435

>>2906404

A burning house usually indicates trouble, but NOT THIS TIME!!!!1


 No.2906436

>>2906428

Holy shit, this is fucking hilariously depressing


 No.2906438

File: ccda5e2e2c77075⋯.png (22.53 KB, 1716x157, 1716:157, 1.png)


 No.2906446

>>2906404

The prevalence of "The Yield Curve Has Inverted But This Time It's Different" kind of headlines might be an even more reliable indicator of a coming recession than the yield curve itself.


 No.2906516

File: 9011eedd5a3a41f⋯.png (53.99 KB, 571x165, 571:165, 1.png)


 No.2906549

>>2905739

>Trump isn't Nixon


 No.2906581

File: 192b1535c9d8865⋯.jpg (10.31 KB, 300x225, 4:3, 07-minister[1].jpg)


 No.2906617

>>2906438

oh god, if trump pushes china into producing for use instead of for exchange he will be the greatest president the earth has ever known


 No.2906634

>>2906617

based trump


 No.2906663

File: c02420ef62c621d⋯.jpg (269.5 KB, 1240x697, 1240:697, 5cf1e5cedda4c8ac268b45e6.JPG)

India refuses to compromise on ‘national interests’ for US trade benefits

>India… shall always uphold its national interest in these matters. We have significant development imperatives and concerns and our people also aspire for better standards of living. This will remain the guiding factor in the Government’s approach.

https://www.rt.com/business/460858-india-us-gsp-national-interests/

Trump slashes India’s trade benefits, demands ‘reasonable access’ to markets

>“I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets,” Trump said in a statement on Friday, announcing that India will be excluded from the Generalized System of Preferences (GSP) program on June 5.

>Under GSP, India has been annually importing to the US some $5.6 billion worth of products duty-free. The program, designed for developing nations, especially facilitated the exports of textiles, leather, engineering goods, gems and jewelry.

https://www.rt.com/business/460789-trump-cuts-india-preferential-trade/


 No.2906670

>>2906057

The trade war will support the stock market. At the moment, America leaks aggregate demand to the rest of the world via imports. Trump wants to lower that leak, which will boost profits for American firms.

Going back to Kalecki's profit equation:

Profit = Capitalist Consumption + Investment + Exports - Imports + Government Deficit

The trade war will delay the next recession. It won't be able to completely prevent the next recession because there are other factors in play.


 No.2906682

>>2906670

> - (Imports + Government Deficit)

no?


 No.2906687

>>2906682

It doesn't matter where you put the parenthesis, more imports -> lower profit


 No.2906869

>>2906687

That is retarded, the USA imports things below their value. As well, all the money the USA "loses" gets reinvested into American finance by the countries who sold to the USA.


 No.2907840

File: f8386deb404c23a⋯.png (81.92 KB, 1896x658, 948:329, noooo.PNG)

What is happening

NOOOOOOOOOOOO


 No.2907842

File: 894a281b1997e9c⋯.png (406.68 KB, 796x1060, 199:265, 1558552861823.png)


 No.2907850

Will China survive? I have been taking the Xi pill more and more over the past few months, would be a shame if at all collapsed now…


 No.2907863


 No.2907913

File: 166fe854986f2de⋯.jpg (424.94 KB, 1423x790, 1423:790, ouch.jpg)

>>2907842

>>2907840

Facebook -7.82%

Google -6.65%

Amazon -4.62%


 No.2907950

>>2906670

>Taking Kalecki seriously

Keynesianism is a mind virus, Kalecki wasn't even a real fucking marxist he just tried to introduce "class struggle" into his mediocre heterodox economics


 No.2907968

File: f8e293a51ede463⋯.png (28.93 KB, 490x167, 490:167, 1.png)

Market, STAHP!


 No.2907969

>>2906687

>It doesn't matter where you put the parenthesis, more imports -> lower profit

>>It doesn't matter where you put the parenthesis

You failed math, didn't you?


 No.2907982

File: 67c853b6d2a38ec⋯.png (163.08 KB, 614x617, 614:617, Screenshot_20190603_203250.png)

File: 981e1d0ca205d90⋯.png (352.71 KB, 1172x612, 293:153, Screenshot_20190603_203412.png)

Rate cut incoming, expect a market rebound as soon as it is officially announced, maybe next FED reunion, June 19th.


 No.2908000

>>2907982

WINNING


 No.2908005

I'm new here (this thread, not /leftypol/), can someone tl;dr me on how the prospects for a crash within the next 10-15 are realistically looking?


 No.2908006

>>2908005

*10-15 years


 No.2908007

>>2908005

We're already in a crash. Porky's just using tricks to make it look like we're not. There was never a recovery after 08, just the appearance of one. We are in for a tipping point near the end of the year or maybe the beginning of next year. Given how much of the economy is in a bubble, the crash is going to be rough. There's also an ongoing crop failure in the US >>2903138 which is not good for international markets given how much food the US exports.


 No.2908008

>>2908005

Try within the next 3 quarters.


 No.2908028

File: 54b2b3b2550d1cc⋯.jpg (72.63 KB, 948x350, 474:175, marx crisis now.jpg)


 No.2908077

>>2908005

>within the next 10-15 years

Try within the next 10-15 months


 No.2908123

>>2908077

Not so fast


 No.2908209

>>2907982

The fed tried rate cuts before other recessions, it accomplishes nothing for the fundamentals. Yield curve inversions don't cause recession, they are an indicator. So getting rid of them artificially won't do shit.


 No.2908213

File: 1f2b3e139893fec⋯.png (2.82 MB, 1439x1289, 1439:1289, ClipboardImage.png)


 No.2908221

>>2908213

HERE WE GO NOW

HERE WE GO NOW


 No.2908229

>>2908213

What channel is that hahaha


 No.2908245


 No.2908298

File: 01c5e34f1fbc23e⋯.png (471.32 KB, 508x528, 127:132, 1.png)


 No.2908304

>>2887489

The number of politicians and their cronies who get absurdly rich gaming market reaction to government regulatory statements & press conference ia unknowable


 No.2908307

The banks & government cause so much inequality, they literally print money and loan it to corporations, themselves and each other. But we peasants have to pay 26% on a credit card if we want access to that dough. The new money makes prices go up, and the further you are away from the debt scheme, the longer it takes for your wages to inflate along with everything else. It's not rare at all to see McDick's offering $15/hr today (even in places with low minimum wage) but the banks & government blew that money long ago bidding up the housing market, and forcing peasants to take mortgages at interest to compete.


 No.2908384

File: c32bffeae8c6889⋯.jpg (148.19 KB, 1103x778, 1103:778, MW-HK691_goldma_2019060312….jpg)


 No.2908473

File: 659eb8783bd3d51⋯.png (59.68 KB, 645x549, 215:183, ClipboardImage.png)

PLUNGE PROTECTION GANG WON AGAIN, CHECKMATE COMMIES


 No.2908505

File: 17c8d8aaab20ea9⋯.png (24.96 KB, 481x160, 481:160, 1.png)

Troubles in crypto land.


 No.2908510

File: 0dc51c058f29b23⋯.png (211.67 KB, 702x679, 702:679, 5.png)

File: ccb24a174a8e824⋯.png (112.12 KB, 342x419, 342:419, 4.png)

File: 781d1032723bfb1⋯.png (101.03 KB, 356x533, 356:533, 3.png)

File: 7c701a6347dda66⋯.png (85.28 KB, 303x511, 303:511, 2.png)

File: 48657a924ef99f1⋯.png (160.54 KB, 331x662, 1:2, 1.png)


 No.2908582

File: 33b57914fa55752⋯.png (64.66 KB, 1404x229, 1404:229, 1.png)

>>2906349

$3.5 billion buyback comin' thru!


 No.2909540

File: 90f8b383084e678⋯.png (39.01 KB, 279x207, 31:23, 1.png)

ban huawei, tho


 No.2909714

File: 59fb62b3b0ee37d⋯.png (139.89 KB, 255x518, 255:518, nohat.png)


 No.2909738

File: a6954be1d2d3d72⋯.png (34.63 KB, 1000x700, 10:7, Screenshot_20190605_153806.png)

File: e2fa81df13566ee⋯.png (113.61 KB, 641x857, 641:857, Screenshot_20190605_153832.png)

>>2907982

Well, the market rebounded even before it was officially announced, as several FED members held, as well as Powell, a dovish tone.

The other news of the day is the ADP number (nonfarm employment) for the month of Mai, which was the biggest miss (compared to the estimated number) since the great recession!


 No.2909909


 No.2909910

>>2909909

2

909

909

Hard to ignore.


 No.2909959


 No.2909961

>>2909909

"The empirical track record suggests that if you have a full quarter of inversion, then that is followed by a recession"

Something to watch out for this month…


 No.2909968

https://oilprice.com/Energy/Crude-Oil/Only-10-Of-US-Shale-Drillers-Has-A-Positive-Cash-Flow.html

Only 10% Of U.S. Shale Drillers Have A Positive Cash Flow

This is something I've been watching for a long time. Fracking companies pile on billions of debt because the capital that is required to set everything up is huge. Low fed rates are literally the only reason that this industry is able to survive. Unfortunately it's unlikely it will pop because the fed just said it might lower rates again, and it's unlikely they'd raise them unless they thought the threat of inflation was serious.


 No.2909999

>>2909968

Is fracking unprofitable everywhere it's done or is that uniquely American?


 No.2910002

>>2909999

the focus is America given that fracking is huge here but it's pretty much everywhere. Fracking is a desperate last throw of the ball since we've exhausted new conventional oil finds


 No.2910003

>>2909968

that's why they're going to invade iran to yeet the oil price after the strait of hormuz gets blocked


 No.2910071


 No.2910081

File: c0e9e5c662e4ef8⋯.png (809.28 KB, 829x818, 829:818, 1.png)

(this is huge, btw)


 No.2910084


 No.2910088

File: a5b173d50b40a7f⋯.png (367.6 KB, 550x452, 275:226, 1.png)

hurr


 No.2910099

>>2910081

If the value of the US dollar goes down, does that lower the cost of labor in the USA somehow?


 No.2910116

File: e5886010ad0b81f⋯.jpg (72.96 KB, 781x767, 781:767, 1558125178625.jpg)

Everything hurts. I want it all to collapse so I can die.


 No.2910130

>>2910099

Yes, this will make manufacturing cheeper in America and the cost of American goods will godown. However this will reduce the ability of America’s government to do gigantic deficient spending and just print money to give it to the Military-Industrail Complex.


 No.2910170

>>2910130

So this is definitely part of the re-proletarianization push.


 No.2910172

>>2910170

No one with any sort of power is pushing for reproletarianrization.


 No.2910198

>>2910172

What are you smoking? The US ruling class has been trying to eradicate the "middle class" for decades now.


 No.2910314

>>2910198

The american middle class isn't becoming lower class proles though. They're just being pushed directly into precariat and unemployment.


 No.2910342

>>2910081

No it isn't, there's no country in the world with as deep financial markets to absorb excess Chinese reserves as the US. US financial markets are built on speculation but they're the only ones on paper with the capacity for them.

>>2910099

Yes. If China dumps the US dollar it means US consumers will A) no longer have cheap credit B) will find foreign goods more expensive which will A) crash consumption B) crash outsourced manufacturing (including in China itself) C) devalue Chinese holdings of American assets so they are unlikely to do that. The Federal Reserve will cut interest rates to reestablish consumer credit access in a crisis anyway allowing the banks to start lining their own pockets to save their valuation and if push comes to shove the US government will declare war as Keynesian stimulus to increase consumer credit through public spending and scare investment from overseas back into the country.


 No.2910415

>>2910198

Not consciously, this is just a result of declining wages. The bourgeois don’t want to copiously destabilizes America, it’s just a result of their actions.

>>2910342

>The Federal Reserve will cut interest rates to reestablish consumer credit access in a crisis anyway

Intrest rates are already zero. What would happen in this scenario is America would just have to except the crash of their service markets and try to make use of the new cheapness of American labor to reindustralize. It will be a slow recovery.


 No.2910418

File: 2d9e9a3d416a17f⋯.png (315.06 KB, 574x463, 574:463, 1.png)

infinite growth


 No.2910448

>>2907850

>I have been taking the Xi pill more and more over the past few months

Anon those aren't pills they're watch batteries


 No.2910452

>>2910415

What good is cheap labor when automation makes labor virtually free.


 No.2910501

>>2910452

Automation has high short term costs, and with wages suppressed there's no need from the bourgeois perspective to automate.


 No.2910521

>>2910452

Repair and IT departments.


 No.2910736

>>2910314

>precariat

that's what a prole is

>unemployment

reserve army of labor


 No.2910946

>>2910415

>Intrest rates are already zero.

It's at 2%, they will cut it to 0 and then do QE.


 No.2911025

>>2910736

I suppose.

They're not becoming a prole class in the way that the proletariat was in the early 1900's though.


 No.2911043

>>2910081

haven't they been doing this since 2016


 No.2911129

File: 4a80ca9de234c01⋯.png (34.23 KB, 1042x364, 521:182, ClipboardImage.png)

LADS GET READY FOR DOW 100000000 WOOOOOOO!!! !!!!!!!!!!!!


 No.2911157

>>2911129

Biggest joke of the year


 No.2911234

File: 29a2c0519a45781⋯.png (46.11 KB, 567x571, 567:571, 1389154309586.png)

>>2909968

>shooting god knows what into the earth

>causing all kinds of weird pollution, groundwater contamination, and fucking earthquakes

>leeching combustible gases into the atmosphere and often causing long-burning fires

>to sell carbon fuel that causes global warming

>all in the name of profit

>not even profitable

Time for some new Nuremberg trials.


 No.2911256

>>2911129

That's actually not a stupid call. It's highly likely that porky might gun for some inflation, which also has the effect of devaluing the wages of workers, since 15$ wages are considered to not be kosher in American culture.


 No.2911418

>>2911129

c.f.

>>2910418

(which was already a joke)


 No.2911427

File: bf6cfd5aeaecfdf⋯.png (358.42 KB, 999x815, 999:815, bf6cfd5aeaecfdf2d935f42cff….png)

>>2911234

I'd make Pol Pot look like a joke.


 No.2911784

File: d7ed99f678433ad⋯.png (11.67 KB, 619x52, 619:52, 1.png)

nothing to see here, stupid prole


 No.2912758

File: bb0e4ddfbc763d2⋯.jpg (340.49 KB, 1079x1669, 1079:1669, Screenshot_20190608-180856….jpg)

Anyone want to take a bet that he doesn't go through with the cut? I remember reading that he was considering cutting rates AFTER Trump said he'd levy tarrifs on Mexico. Trump seems to have dumped that idea though, which makes me think the cuts won't come. Idk, it all seems like crazed speculation that's setting its self up to be bloodbath.

Also >>2910448

Lmao


 No.2913076

File: a3491ea028dfed0⋯.png (517.06 KB, 824x565, 824:565, 1.png)


 No.2913077

File: 696fe9ab81aabb4⋯.gif (453.89 KB, 498x498, 1:1, 696fe9ab81aabb4cbe0cda9a32….gif)

>>2913076

CNN TOMORROW:


 No.2913083

File: 47d6e8262073d6e⋯.png (18.5 KB, 355x182, 355:182, Liberate Logo.png)


 No.2913108

File: 9b7db777b433d49⋯.png (26.32 KB, 481x464, 481:464, US-auto-loan-deliquencies-….png)

Auto loan delinquency rates nearing 2009 levels


 No.2913418

>>2913108

What does this signify? Were people in the bottom of the dip given unreasonable loans they just can't pay off (sign of out of control credit), or have they had a loss of income that prevents them from paying off a loan that they otherwise could (sign of dropping wages/employment)?


 No.2913851

File: 35e3a9b661fa217⋯.png (373.89 KB, 638x707, 638:707, 1.png)


 No.2913858

>>2913418

It means both people can't make ends meet anymore and if there is a lot of debt + debt insurance (look up credit default swaps) then it means shit is going to hit the fan


 No.2913943

File: d02542232feaba0⋯.gif (129.32 KB, 250x437, 250:437, git over here.gif)

You're coming! Trump threatens China with immediate tariffs if Xi Jinping does not attend G20

The China deal is going to work out. You know why? Because of tariffs … Right now, China is getting absolutely decimated by companies that are leaving China, going to other countries, including our own, because they don’t want to pay the tariffs.

China is “going to make a deal because they’re going to have to make a deal,” Trump said.

They devalue their currency, they have for years: It’s put them at a tremendous competitive advantage. And we don’t have that advantage because we have a Fed that doesn’t lower interest rates,” Trump told CNBC. “We should be entitled to have a fair playing field, but even without a fair playing field — because our Fed is very, very disruptive to us — even without a fair playing field we are winning.

https://www.rt.com/business/461522-trump-china-tariffs-us/


 No.2913950

File: d96fede3e7f2a2d⋯.png (20.3 KB, 693x375, 231:125, powell-1.png)

>>2913943

New analysis from Michael Roberts on G20:

>what monetary policy weapons do the major central banks have left after ten years of keeping policy interest rates near or even below zero, and after massive injections of money through ‘quantitative easing’, buying up all the debt of governments and corporations from banks in order to encourage them to lend for investment?

>[…] the fantasy world of financial markets may be extended. But will cutting interest rates avoid a recession in the ‘real’ economy? Everywhere the ‘hard data’ are showing a sharp slowdown in economic growth, a collapse of the world car industry, and outright slumps in many large so-called emerging economies. Above all, there is a significant a contraction in world trade as the trade and technology war instigated by the US against China hots up.

>[…] US economic growth had accelerated (from 2% to 3% a year) in 2018 after the Trump corporate tax cuts boosted profits – and unemployment dropped to post-war lows. But last Friday’s May employment growth figures were the lowest in years and wage growth that had been accelerating also dropped off. So there are signs that Trumponomics has been exhausted.

>[…] Elsewhere in the world, two key G7 economies continue to show a significant slowdown in economic growth. German industrial production plunged 1.9% from a month earlier in April. That was the biggest drop in output since August 2015. Year-on-year, industrial production dropped 1.8% over April 2018, following a 0.9% fall in March. Manufacturing output dropped 3.4% over the year!. Both German exports and imports fell. German growth is now the slowest in five years. As a result, the German Bundesbank central bank cuts its GDP growth forecast for this year to just 0.6%, down from 1.6% at the beginning of 2019.

>[…] the G20’s host, Japan announced that wages had fallen for the fourth consecutive month and overall household spending slowed sharply. Unemployment, currently at record lows, was now set to rise. And most important, China’s economic growth rate is at its lowest level in over a decade – even if the rate of 6%-plus is around three times the average in the rest of the G20 economies.

https://thenextrecession.wordpress.com/2019/06/10/the-heroes-of-finance-and-powells-put/


 No.2913954

>>2913950

>Another sign that the world capitalist economy is turning sour is what’s happening in the smaller G20 economies. Growth in the Australian economy fell to its weakest rate in almost a decade in the first three months of this year. The economy grew by just 1.8 per cent year on year in the first quarter, and down from 2.3 per cent year on year in the preceding fourth quarter. This is Australia’s worst quarterly growth showing since the end of 2009.

>Among the so-called BRICS (Brazil, China, India, Russia and South Africa), it is looking even worse. The South African economy is now suffering its worst slump in a decade. Output in Africa’s most industrialised nation dropped by an annualised 3.2 per cent in the first quarter, its largest quarterly fall since 2009. Power-intensive industries such as manufacturing and mining recorded the biggest drops in activity in the quarter. Mining activity fell by more than 10 per cent while manufacturing dropped 8.8 per cent.

>Turkey went into a recession earlier this year under Turkey’s Trump, President Erdogan. Argentina was already in a slump in 2018 under the governance of the right-wing administration of President Macri. The country is now experiencing vicious austerity measures at the behest of the IMF which is bailing out the Macro government with the biggest loans in its history.

>But the likely trigger of a new recession is the ongoing and intensifying trade and technology war between the US and China. Neither side appears to be ready to back down and, as a result, world trade growth is diving while there is the prospect of increased tariffs and protectionist measures that will hit world growth. Bloomberg economists reckon that if tariffs expand to cover all US-China trade in the next few months, then global GDP will take a $600bn hit in 2021. With 25% tariffs on all bilateral trade, GDP would be down 0.8% for China: 0.5% for the US and 0.5% for the world economy compared to no trade war. That spells global recession.


 No.2913965

File: eb18b50f9768b2a⋯.png (263.03 KB, 600x471, 200:157, powell-3.png)

File: 0d0268be10a795b⋯.png (43.68 KB, 1168x470, 584:235, powell-4.png)

>>2913954

>Thus while financial markets may be set to boom with the Powell put, that’s likely to have little effect on the struggling world economy. The recovery since the Great Recession ended in mid-2009 has reached its tenth year, making it the longest from a slump in 75 years. But it is also the weakest recovery since 1945. Trend real GDP growth and business investment remains well down from the rate before 2007.

>The trade and technology war is settling in for the long haul. What makes it likely that the trade war will not be resolved amicably to avoid a global recession is that the battle between the US and China is not just over ‘unfair trade’, it is much more an attempt by the US to maintain its global technological superiority in the face of China’s fast rise to compete. The attack on Huawei, globally organised by the US, is just the start.

>[…] US investment bank Goldman Sachs has noted that, since 2010, the only place where corporate earnings have expanded is in the US. And this, according to Goldmans, is entirely down to the super-tech companies.

>[…] And now it is just this sector that will suffer from the technology war.

>The risk of a new recession, as measured by various methods, continues to rise.

>[…] Then there is the supposedly reliable indicator of the inverted yield curve in bond markets. Normally, the interest rate of long-term bonds (ie 10 years or more) is much higher than the short-term interest (less than one year). So the ‘curve’ of interest rates from 3m to 10 years is up (or steep). But when the 10-year rate drops below the three-month rate, this has invariably heralded a new recession within a year. Why? Because it implies that investors are so worried about the future that they want to hold ‘safe’ assets like government bonds rather than invest, to the point that long-term interest rate on these bonds falls below even the rate set by the Federal Reserve for short-term loans.

>[…] US yield curve has now inverted. The inversion has only just happened and it needs to continue for a few months to justify its reliability as a recession indicator. So watch this space. Maybe the central bank heroes can save the day.

sry for copy pasting almost the whole article, but I deemed it an important TL;DR of habdings so far…


 No.2914051

Beijing answers Trump’s tariffs with massive gold-buying spree

https://www.rt.com/business/461525-china-gold-stash-trade-war/


 No.2914063

>>2913418

They pulled the same shit with cars that they did with housing in '07 and made lots of bad loans then bundled them up to sell the debt off so that they could move large numbers of new, expensive cars off the lots.

The big difference is that cars lose their value very very quickly.


 No.2914071

File: 894a281b1997e9c⋯.png (406.68 KB, 796x1060, 199:265, 1554801374139.png)

>>2913965

Ty based Roberts anon


 No.2914221

File: 4124c8825d7cffe⋯.png (529.38 KB, 688x381, 688:381, bluth model home.png)

>>2914063

>The big difference is that cars lose their value very very quickly.

Not that American built rickety kindling-wood houses are such a long lived investments, mind you.


 No.2914277

>>2913965

thanks, I am kind of skeptical of the claim that yield curve inversions have to last three months though. Even just on those charts, it almost never inverts unless there's going to be a recession. As well, other key parts of the curve (such as 1yr/5yr) have been inverted for months already.


 No.2914278

>>2914221

If you think American houses are bad, read up on the Japanese housing market.

Anyway, most of the price of a house in hot US property markets is the land itself.


 No.2914333

File: 7010253abad65e7⋯.jpg (148.79 KB, 499x670, 499:670, 1551238560739.jpg)

WHY DOW NUMBER GO UP


 No.2914340

>>2914333

https://www.investing.com/news/economic-indicators/us-jobs-report-cements-conviction-on-fed-rate-cuts-1891660

>The U.S. employment report for May further strengthened markets' conviction that the Federal Reserve will pull an about face and begin easing monetary policy.

A classic case of "Bad News is Good News."


 No.2914379

File: 28e3b61c07df368⋯.png (56.84 KB, 390x524, 195:262, 1.png)

>>2914333

“The market wanted to go up. I don’t think it mattered what happened. We just use these things as a reason after the fact to look smart,” the CEO of the New York City-based investment advisory firm wrote. “That’s how it works. It’s not meant to be intellectually satisfying. It’s meant to take money away from people who think they can explain things. Worst traders and managers I know are the guys with answers for all this stuff. Get used to it.”

https://www.marketwatch.com/story/this-big-wall-street-bear-warns-his-bleak-scenario-for-2019-is-taking-shape-2019-06-10


 No.2914384

File: ee03e0dd5990e24⋯.jpg (99.42 KB, 850x765, 10:9, ee03e0dd5990e240ed3c01caea….jpg)

File: 20d159c605a62c0⋯.jpg (110.33 KB, 500x500, 1:1, orkscience.jpg)

File: 9863dbba9db65d0⋯.png (280.06 KB, 450x375, 6:5, 1344337942401.png)

>>2914379

Collective belief affecting reality is very real and scientific phenomenon, ya git.


 No.2914676

File: fa16ed17ee8f741⋯.png (53.26 KB, 702x290, 351:145, 1.png)

here we go


 No.2914680

File: 87daccdd72e7b61⋯.png (53.54 KB, 662x492, 331:246, 1.png)

>those 3 nearly equal peaks at around 26k

It's almost as if there was some kind of artificial limit to its natural growth. Must be communists meddling.


 No.2914693

>>2914680

Time for a drop. Could it be?


 No.2915012

File: 16d63ce98e02cb6⋯.jpg (82.97 KB, 763x487, 763:487, LTGScenario1.jpg)

>>2914680

The doomer in me really really really wants to believe we've finally hit the limits to growth.


 No.2915061

File: b50c1bd811afbb1⋯.png (173.56 KB, 666x559, 666:559, ClipboardImage.png)

BEHOLD THE POWER OF THE "FREE" MARKET

>>2914221

in speculative areas the primary cost is for the land, not the building


 No.2915178

>>2915012

>we've finally hit the limits to growth.

We have

we're certainly over peak on multiple critical resources including oil

tfw the US didn't collapse in the 60s leading to socialism worldwide and escaping the planet in the early 2000s


 No.2915198

https://www.reddit.com/r/Bitcoin/comments/by5yhz/can_someone_explain_all_this_shit_to_me/eqfl9v2/

Found this surprisingly correct take on /r/bitcoin of all places

>The market has become so dependent on the Fed's manipulation, that in some sense how well it does has become unhinged from the real economy. Today, bad jobs reports means the market rallies, because a weak economy means the Fed will have to inject more liquidity. Tariffs mean the stock market goes up because a weak economy means the Fed will have no choice but to inject more liquidity. Federal investigations into big tech companies means the stock market goes up because a weaker economy is good for the stock market. Etc. And, conversely, when the Fed was attempting to raise interest rates, which traditionally is an indication of confidence in the broader economy, the stock market flattened and eventually began to keel over leading to the panic we saw in December. This only reversed course when the Fed caved and indicated to the market that it was going to cease tightening.


 No.2915253

>>2915198

>the market has become addicted to quantitative easing

>porky knows they will be rewarded if they screw over workers and nobody buys shit

>major incentive to tank the functional economy and retreat into the stock market while the world burns and hyperinflation threatens to kick in

what a time to be alive


 No.2915347

>>2915253

>>2915198

What's the breaking point then?


 No.2915357


 No.2915362

File: ad384613a6ceebd⋯.gif (45.57 KB, 278x234, 139:117, ad384613a6ceebd13022365bee….gif)

>>2915347

No one can predict the breaking point with perfect accuracy. Knowing that an event is inevitable and knowing when it will occur are different. Capitalism was proven by Marx to contain contradictions which necessarily result in booms and busts. While history has amply shown this to be true, no one can ever predict exactly when it happens. The stock market operates in the space between the *real* value produced by firms and the *perceived* value they produce. The first can be more or less measured; the second is made up of human opinions and emotions: ideology, politics, greed, what the Fed says in its press releases and what the President tweets in the morning. How can anyone hope to measure this, much less predict when the differential has breached the breaking point? All I can say for myself is that it feels very close and I can't fucking wait for it to happen.


 No.2915422

>>2915362

I'm not asking for a date accurate to the second, more for scenarios a la >>2915357


 No.2915433

>>2915198

That's wrong though. QE and interest rate manipulation just cause inflation and speculation, respectively. They can't prevent the crash at all.


 No.2915453

>>2915433

… that's exactly what this guy says.


 No.2915743

>>2915453

>>2915433

I've been lurkin this thread since like…2016?

I'm like a baby Marxist still but I've got a bit of a head for things at this point, I think.

Here's the deal: The market is totally fraudulent. The main drivers of 'growth' are entirely artificial, the US's infrastructure and industrial base are degraded, and the market is hanging on a cliff. Really, any number of world events could set it off at this point. Everything since 2008 has been conjured out of air, the entire monetary system is no longer connected to the real world value of goods and services produced in the US, but rather on the strength of trust in the US dollar (maintained by US empire)

Because it's the petrodollar and the reserve currency, the dollar will retain its book value no matter what kind of printing / purchasing sorcery the fed gets up to. This is used to mask the degrading 'real value' of the US economy (it's infrastructure, education, productive capacity, etc).

When the strength of the dollar begins to falter as countries abandon it for Yuans or Euros it loses the ability to maintain that illusion.

Long story short the US is using imperial might to mask an economy that's been rotting since 1973 and that only works for so long. How long, who knows.

When it does happen, I think many people in the states will come to a start realization. Living in the rust belt, I grew up around degrading infrastructure and increasingly abandoned neighborhoods / main streets, etc. I always assumed that eventually it would get fixed though. There would be an infrastructure bill, or a green energy bill, or the economy would recover and Ohio and Indiana and Pennsylvania will be nice to live in again.

When the economy finally shits the bed people will realize that nobody is going to fix things. All the decay that started when the boomers reached adulthood will not be reversed by the powerful. Because they won't until they can't. Everything is rusting away, crumbling to pieces, and as this happens the climate is failing alongside it. The death of the natural world will accompany the death of the american way of life. Have you been to New Orleans anons? Nothing got fixed after Katrina. a third of the city never came back. Sections of the city are still totally abandoned. The stress placed upon our infrastructure by nature will increase as our ability to maintain it decreases.

This has led me to believe that he 'anxiety' that the media is always going on about in this country is a subconscious awareness of the rot and death surrounding us. It's not truly class consciousness, at least not at first. At first it's just an awareness of the rot.


 No.2915746

>>2915743

the Bitcoin poster mentioned this a bit, but based on how the Market reacted this week and then in fall of 18', we know that they are totally addicted to QU / Low Interest Rates

Something like 10 - 20% of firms are zombie firms rn, producing no profit and taking out loans to cover their loans. The Fed literally can't raise rates without wiping all those firms out, which would devastate the economy. But the longer they refuse to raise rates, the more zombie companies form. This slow, sluggish recovery is only due to the incredible amount of intervention by the state to keep it afloat. Now shits fucked.

https://www.bloomberg.com/opinion/articles/2019-06-13/recession-signal-hidden-in-history-of-10-year-treasuries

So I think they'll just keep going till they get to negative rates bc that's what Japan did when they were in a ~similar~ pickle.


 No.2915824

File: 69475f3688db84a⋯.jpg (79.53 KB, 952x744, 119:93, D88XGxqUIAACrKl.jpg)

>Cam Harvey, the economist who first linked an inverted yield curve to economic declines, pinpoints the 3-month/5-yr curve as a key recession indicator once it inverts for a full quarter. It officially finished a full quarter of being inverted yesterday.

OH NONONONONONO THIS CAN'T BE HAPPENING


 No.2915981

https://www.zerohedge.com/news/2019-06-13/traders-buy-stocks-bonds-bitcoin-oil-gold-after-tanker-attacks

Apparently, markets really dig tankers getting sunk, surely MGS2 fans.


 No.2916098

File: 4c0d20c2ec7db71⋯.jpg (453.58 KB, 1079x762, 1079:762, Screenshot_20190613-170840….jpg)

Hey does anyone here remember what happened like 2 years after 1999 in the e-commerce industry? It was continued growth and prosperity for those companies right?

>>2915824

Where did you find this?


 No.2916120

>>2916098

>>2915824

from here:

https://twitter.com/lisaabramowicz1/status/1139154943774871557

So I was right in this post: >>2914277

I think the shills are intentionally only focusing on the 2/10 curve inversion because the other parts inverted a long time ago.


 No.2916133

File: 6c6c1be93dc4f58⋯.png (540.3 KB, 592x797, 592:797, Screenshot_20190607_045055.png)

>>2916120

>I think the shills are intentionally only focusing on the 2/10 curve inversion because the other parts inverted a long time ago.

Yes, basically, it's a coping mechanism and propaganda tool to reassure the general population:

>The yield curve only flattened but will not invert

>OK, it's inverted but it doesn't mean a recession will come, 2y/10y hasn't inverted yet

>OK, every short term yields have inverted but now it needs to stay like this for at least 3+ months etc…

It reminds me of global warming deniers :

>There's no global warming.

>OK, there's such a thing as global warming but it's not man made.

>OK, it's man made but it won't have any adverse effects, it will even benefit cold parts of the world and increase crops yield.

>OK, it will have nefarious consequences but technology will fix it etc…


 No.2916205

>>2916133

and I mean, there weren't other indicators and the cyclical aspect also predicting recession right now, we could suppose that the curve inversion wasn't as strong an indication. but there's mounds of evidence that it'll be this year or early next.


 No.2916219

>>2916133

Just fucking execute global warming deniers.


 No.2916860

>>2916219

cringe.

fucking tankie.


 No.2916870

>>2916860

>implying we should let their stupidity kill us all


 No.2916873

>>2916860

<liberal: detected>

<solution: not found>

<execute!>


 No.2917143

File: 6d2d6ee1dcbd392⋯.png (742.29 KB, 937x726, 937:726, 1.png)


 No.2917145

>>2916860

"I'd rather all of humanity die than kill a few criminals."

t. liberal


 No.2917174

>>2916860

Alright, gulag the deniers and only execute oil CEOs, better?


 No.2917184

OH SHIT ITS DOWN 9000 POINTS!


 No.2917261

can you guys explain to a complete brainlet with no background in economics or stock trading, etc, what any of these numbers mean and what their significance is? I've always seen this general but had no idea how to follow any of this.


 No.2917293

>>2917261

tl;dr we don't know when recession 2 is gonna happen but its probably soon (between now and in 3-4 yrs maybe)

i learned a lot of the stuff from just lurking here and 4/biz/


 No.2917442

>>2917293

It's happening this year, they won't be able to stall it for any longer.


 No.2917452

>>2917442

We also survived 2008, what will be different this time?


 No.2917454

>>2917452

the proletariat has not recovered since 2008 - there won't be anywhere to get money for a bailout like they did for 2008. They'd either have to cut and privatize social security and medicare/medicaid, which are two of the most popular policies in the US period, or cut from the MIC's vast budget, which no politician will allow because they are paid to lobby for the MIC. There isn't anything they can do that doesn't inspire mass unrest, which is why they tried to stave it off with mass tax cuts and bleeding the fed dry with market aids.


 No.2918014

File: 315481b4ab03da4⋯.jpg (117.8 KB, 890x501, 890:501, MW-HL439_msbci__2019061410….jpg)

Business conditions are at their worst level since the 2008 financial crisis, says Morgan Stanley

The business environment is deteriorating — fast.

That is according to a gauge of business conditions tracked by Morgan Stanley, which said in a recent note that its proprietary Business Conditions Index, or MSBCI, fell 32 points last month, marking its sharpest collapse since the metric was formulated. The gauge touched its lowest point since the 2007-08 financial crisis. A separate composite business-condition index also fell by the most since 2008 and hit its lowest level since February of 2016.

Morgan Stanley said that its index also reflects an apparent slowdown in domestic jobs growth. Economists for the report, led by Ellen Zentner, wrote that the fall in business conditions is “consistent with the slowdown in gross hirings reflected in the latest employment report for May, and raising the risk that weakness in labor demand persists into next month’s report.”

Indeed, the U.S. created just 75,000 new jobs in May, well off consensus forecast for some 185,000 jobs created on the month, and potentially marking a significant change of momentum in what has been a pillar of strength in the domestic economy.

Morgan Stanley said that taken with other metrics that drill down deeper into financial conditions, “these indicators point to business expansion coming to a near halt in June.”

https://www.marketwatch.com/story/business-conditions-are-at-their-worst-level-since-the-2008-financial-crisis-says-morgan-stanley-2019-06-14


 No.2918021


 No.2919703


 No.2919704

>>2919703

not gonna happen and if it did, the consequences would be catastrophic


 No.2919877

>>2919704

Oh its gonna happen. They can't turn it off.


 No.2919901

File: b5ada5dcfed76a1⋯.png (279.94 KB, 466x377, 466:377, 1.png)


 No.2919903

File: 9bfe8afef7b65e5⋯.png (94.31 KB, 406x568, 203:284, dystopia.png)


 No.2919927

File: b5ef64fe3c310f9⋯.png (855.7 KB, 6109x3980, 6109:3980, strikes-1.png)

File: 32c6bab7deaad7d⋯.png (29.27 KB, 977x639, 977:639, strikes-2.png)

https://thenextrecession.wordpress.com/2019/06/18/strikes-in-the-long-depression/

>The mostly likely length of a full Kondratiev cycle is put at 64-72 years (longer than traditionally claimed). If that K-cycle is broken down into ‘seasons’; first there is the ‘spring’ period of recovery from depression, with rising profitability of capital and a revival of labour organisation; then there is a summer period of falling profitability and strong labour forces. Those two seasons complete the K-cycle upswing. Then in the downswing comes autumn (rising profitability but weakened labour) and finally winter (economic depression). Nowak reckons that the two periods of most intensive class conflict are at the cusp of spring through into summer seasons (as in 1964-82, for example). Then there are weaker more local struggles towards the end of the downswing in the winter season. Nowak presents two case studies based on India and Brazil in the period 2010


 No.2919948

File: b40d45b2745e280⋯.png (758.95 KB, 3599x1990, 3599:1990, 2038.png)

>>2919927

So what happens in 2038?


 No.2919955

>>2919948

FULLY AUTOMATED COMMUNISM WITH TANK CHARACTERISTICS


 No.2919958

>>2919948

Extinction of all life on Earth.


 No.2919961

>>2919948

Note that the rate of profit likely won't reach 0 at 2038. That is only extrapolating off of the data we have now. However, the rate of profit will constantly be getting lower and lower. I doubt it will ever reach zero, but we will have a revolution long before then anyways.


 No.2919963

>>2919961

It's asymptotically headed for zero. However it will break down much sooner.


 No.2919988

>>2917454

Look up modern money theory. They will just print the money.


 No.2919990

File: 9bc8b4959a173b1⋯.jpg (28.74 KB, 1024x487, 1024:487, 9848464642.jpg)

>>2919948

Finally something big to look forward to


 No.2920010

File: 161b36a98354c6c⋯.jpg (31.89 KB, 371x219, 371:219, germany_hyperinflation1.jpg)

>>2919988

If the US dollar were to lose it's position as the worlds major reserve currency and usage as currency for doing international trades then there would be no place to suck the excess printed money to. Soon after that the dollars primary use would be used as fire kindling and toilet paper in the land of the free.


 No.2920127


 No.2920354

File: 65a813be5765a10⋯.png (890.18 KB, 782x692, 391:346, 1.png)


 No.2920459

>>2919948

Finance capital starts buying entire nations as mercenaries in a scramble to repossess other entire multinational conglomerates too deep in debt to pay.


 No.2920462

>>2920459

That's not how fiat works.


 No.2920464

Why Trump started all this trade war business? What's his endgame?


 No.2920465

>>2920464

Destroy the USA.


 No.2920472

>>2920462

I know.


 No.2920617

File: a5fb6acdfb0aa47⋯.png (297.04 KB, 576x566, 288:283, porky.png)


 No.2920635

>>2920617

More deaths due to poverty than any other era (And why that's a good thing)


 No.2920763

>>2920635

Brought to you by the producers of "a Liberal argument for slavery", and "why equal opportunity isn't a valuable goal" comes

>drum roll

Why you deserve to die on this recession


 No.2920872

File: 0f3a76a631bdff0⋯.jpg (12.68 KB, 500x500, 1:1, 617vO1Pjp6L._SS500_.jpg)

>>2920617

UP IS DOWN

GOOD IS BAD

SMOKING HEALS


 No.2920876

>>2920464

secure american hegemony. tl;dr they're scared (of china).

>>2920763

porky/fbi/heritage foundation, pls no steal

>10 reasons why this upcoming recession will improve gay rights

>This [x] year old [minority] became a millionaire during the last recession. Here's how.

>Washing away the bad, how you can start fresh after the economy collapses.


 No.2920901

>>2920876

>BREAKING: Trump announces 1 Trillion USD in tax cuts to aid stuggling Wall Street - a standing bipartisan ovation in a usually polarized Congress


 No.2920921

>>2920617

>Why long periods of the U.S. going without recession may be bad for the economy

well he's not wrong, crisis is the only way to recover profits


 No.2921080

File: c47319d80c2c301⋯.png (59.17 KB, 1254x577, 1254:577, D9dfD02XYAAGkfu.png:large.png)

another signal for recession


 No.2921091

>>2921080

What is this and where did you get it from?


 No.2921098

So is there any reason to think that this stock market collapse going to be any worse than 2008? It seems like most libs are trying to delude themselves into thinking it won't be so bad, and I personally think the dollar will have an inflation crisis, but outside of a guess I can't seem to justify that.


 No.2921105

>>2921098

More markets are vulnerable to individual crises now, and many people already never really recovered from 08.


 No.2921107

File: 19606ad9710d6c3⋯.png (316.45 KB, 1244x524, 311:131, 19606ad9710d6c3aa8c04e3f41….png)

File: b11131379c5d969⋯.jpg (188.32 KB, 650x650, 1:1, 1486332911653.jpg)

>>2921098

My take is that it might be an ecological alongside economic recession. The amount of environmental degradation and animal extinctions is at all unprecedented level. I recall that 50 Celsius heatwaves are killing people, dropping them dead in the streets in India or to that effect.

When the recession/Second Great Depression breaks out and extends into the 2020s, I'd expect geopolitical trouble on scales that we don't have the tools to predict accurately. It will not only be an economic crisis, but also a geopolitical, ecopolitical, if I must coin the term, crisis.

We are living in the calm before the storm. The events in Relevations do not even compare to the likely crisis awaiting us in the 2020s and beyond. Revelations would actually be a mercy, because it implies a Rapture, an ending.

I genuinely, sincerely hope that the PRC's talk of "ecological civilisation" is actually meaningful. The Everything Bubble is a grim, terrible bubble that exists alongside severe environmental degradation. When it pops, we can only dream in nightmares what might happen and even then, nightmares only reflect our current rather than future fears.

The supply-side era of cheap goods to pacify the first world population is not guaranteed to continue. There will be a decisive confrontation between reaction and revolution in the West. Revolutionary and even at least progressive radlib forces are so weak. Should they fail, imagine centuries of the dullest existence like Franco's Spain on steroids.

More than ever, we need a man of steel, a new Stalin of the West to carry humanity through. This is not only an economic, but also an existential crisis.


 No.2921193

File: 78667ee64fd77e5⋯.pdf (1.09 MB, CIRCOUTCOMES.117.004233.pdf)

File: c775f8a4a16b196⋯.pdf (1.76 MB, Paper.pdf)

>>2921107

>The amount of environmental degradation and animal extinctions is at all unprecedented level. I recall that 50 Celsius heatwaves are killing people, dropping them dead in the streets in India or to that effect.

In our current trajectory, by 2100, South-Est Asia will become so hot and humid that its climate will become incompatible with human life.

I have found two interesting papers concerning climate change and heat waves and its effects on human health.


 No.2921199

>>2921107

>Gnome cursor in the eco-Stalinism screencap.

Based.


 No.2921266

>>2921199

xDDDD I just noticed


 No.2921282

>>2921107

>More than ever, we need a man of steel, a new Stalin of the West to carry humanity through.

No. Stalin was too gentle.


 No.2921334

File: 0422d275db45cde⋯.png (224.05 KB, 677x397, 677:397, DownIsTheNewUp.PNG)

>>2920872

They've unironically said that down is the new up before.


 No.2921407

>>2921107

>Revolutionary forces so weak

So join a party or an organization and start doing your bit. I'm so sick of seeing these posts about how we are so weak from pussies too afraid of being outed as a Commie IRL to even join a party. The situation will soon be more fertile for revolutionary action than ever before. Organize, organize, organize. Leaders will emerge as we get together IRL. Maybe we'll win, maybe we'll loose but we must leave it all on the field.


 No.2921423

>>2921091

from twitter. it's fed funds rates (orange) being led by the 2y yield or something. basically, it goes dip before a recession.


 No.2921426

>>2921199

looks like KDE breeze to me


 No.2921474

>>2921407

Totally agree and it's like pretty urgent;

What I mean by this is if we don't have a strong enough party(both ideologically and organisationally ) even if there would be these revolutionary conditions we wouldn't be able to do anything with them there would be no one to direct this movement towards revolution and we would probably end up like in the 30s were we lost to fascism

Personally I recommend any party from the CIPOML, I mean the one thats in your country but that's just my advice; look for any m-l party you can and pick carefully(as in beware of leftcoms or whatever)


 No.2921515

>>2921107

>if I must coin the term, crisis.


 No.2921520

File: 4da5488d65e7f35⋯.png (931.09 KB, 1104x880, 69:55, 1.png)

>when your economic system is best described as a drunker party

CHUG

CHUG

CHUG

CHUG


 No.2921570

>>2921193

>by 2100

by 2050 close to 35% of the planet will be non-compatible with conditions necessary for human survival just due to heat waves

the key term for climate collapse is sooner than expected


 No.2921632

>>2921570

>by 2050 close to 35% of the planet will be non-compatible with conditions necessary for human survival just due to heat waves

well the heat waves won't be constant. so if people plan ahead and work together, they should be able to take shelter from the heat. so communism can prevent the heat wave deaths.


 No.2921636

>>2921520

That's open admittance that it is a bubble and/or a pyramid scheme.


 No.2921638

File: 59433c716e284cc⋯.png (27.75 KB, 408x182, 204:91, 1.png)


 No.2921661

File: 56e6bf1ab85bae7⋯.png (163 KB, 220x385, 4:7, ClipboardImage.png)

>>2921570

>humans


 No.2921664

>>2921632

>well the heat waves won't be constant. so if people plan ahead and work together, they should be able to take shelter from the heat. so communism can prevent the heat wave deaths.

You technically can live in an area that is too hot for people to survive by staying in artificially cooled structures, and tinkering with wearable evaporative cooling clothing, however it seems unlikely that on the level of society the death-rate from heatstroke would be acceptable. Some areas would probably be abandoned.


 No.2921787

>>2921664

It will be Africa and the Middle-East being hurt the most. Again.


 No.2921836

>>2921787

Well yes Africa the middle east and the souther hemisphere get hit pretty hard but not exclusively so

https://www.youtube.com/watch?v=b8hnAB43O4g


 No.2921942

>>2921664

>You technically can live in an area that is too hot for people to survive by staying in artificially cooled structures, and tinkering with wearable evaporative cooling clothing, however it seems unlikely that on the level of society the death-rate from heatstroke would be acceptable. Some areas would probably be abandoned.

Some may be abandoned, but there's high population in basically desert regions already. Most people on earth would tell you that living in Arizona or Saudi Arabia is intolerable, but people do it anyway. Digging structures underground, making really thick stone/brick walls, using geothermal cooling, etc. etc. it is possible to live through very intense conditions. The question is less whether people can survive and adapt there, and more whether their crops and productive capabilities can. Now, there's a key reason to actually stay in uninhabitable, infertile regions, and that's to put human labor towards reversing the desertification. We need people to actually work with a scientific plan to plant trees, enrich soil, and foster renewed ecosystems in some of the places that are hardest-hit.

I'm not trying to spread unwarranted optimism. I'm just saying that humans can pretty much live and survive anywhere on earth as long as they use their knowledge and work together. Millions are going to die from the climate crisis solely because capitalism has no incentive to help them. But I think the masses will fight back, and when they do, they will be able to live and provide for all in spite of the crisis.


 No.2921945

>>2921787

they ain't white though cletus


 No.2922222

File: 4a5fecf2bd2ea58⋯.jpeg (7.81 KB, 235x214, 235:214, gut-night-leftpride.jpeg)

Iran will fall, America will rise stronger than ever, and Dow 30K by the end of this year


 No.2922259

>>2922222

Communism is doomed. Take my word for it.


 No.2922266

File: 835eda7faa024a8⋯.png (275.87 KB, 963x474, 321:158, Commieantifa.png)

>>2922222

>getting quints on a fucking bull run shitpost

Well, it's time to get my knife out. Another blood sacrifice for the death of the dow.

i don't actually wanna do this - can someone else slit their wrists for a sacrifice? i'd probably die with the way my health has deteriorated.


 No.2922267

File: 231c65b581fe6b5⋯.jpg (4.8 KB, 225x225, 1:1, freefall.jpg)

>>2922222

>invading Iran is good actually.


 No.2922270

File: d9efeecac311e6b⋯.gif (3.64 MB, 300x300, 1:1, 0d2235355df13b44f9aab1e913….gif)

>>2922266

>satan dubs on a promise for a blood sacrifice

I… i… satan demands it. Satan, please! I-i'm scared to do it again…


 No.2922271

>>2922270

remember that time satanic trips got satan-chan to show her tits?


 No.2922274

>>2922266

You have to do it man, he got quints and they're pretty sizzlin'. Just five times, it won't kill you.


 No.2922276

File: 15632d139b54f5b⋯.jpg (24.26 KB, 540x720, 3:4, clouds.jpg)

>>2922271

You know, the thing about sacrifices is that orgasms can contribute to the energy of a thought-form.

Perhaps i should cum on the sigil i drew up before and post nudes alongside a sigil i drew for Satan? I don't wanna give a blood sacrifice. I'll edge an orgasm for the death of the market. I start tomorrow.


 No.2922277

>>2922276

good idea anon


 No.2922278

File: 12a004ca9f64fb1⋯.gif (335.53 KB, 644x484, 161:121, 36c946a8c0a787dc3ebf4213f9….gif)

>>2922276

>Satan singles

Thank you based Satan. You have shown me a sign.


 No.2922281

>>2922222

We're gonna need something strong to counter these digits. Any ideas? A blood sacrifice doesn't sound bad…


 No.2922283

>>2922281

>>2922276

anon has already decided on a cum sacrifice


 No.2922285

>>2922283

People do that on the regular though – we need something special this time>


 No.2922289

File: 87ab2760137dfbb⋯.jpg (104.07 KB, 856x934, 428:467, Slaanesh_by_baklaher-d7dvo….jpg)

>>2922283

>>2922281

Yes.

Here's the deal; tomorrow, when i wake up, i will shave my body and post nudes. Don't worry, i look alright - i'll add a sigil to them that represent a market crash thought form (if i can find the sigil in my flash drive). The idea is that other people will fap to the nudes i post, but that's unlikely.

After posting them, i will spend several hours during the day edging an orgasm to succubus porn. I will not touch my dick. Once i have edged enough, i will draw the sigil on paper and cum on it. I'll post the results once i'm finished.


 No.2922291

>>2922289

paiper guts on your benis too ok :DDD


 No.2922292

>>2922291

don't listen to spurdo, he is an idiot demiurge


 No.2922293


 No.2922301

>>2922292

Spurdo is never wrong. We need a blood sacrifice

==NOW==.


 No.2922320

>>2922301

I'd do it if i wasn't afraid for my health. Daddy Satan has granted me permission to cum.


 No.2922324

File: 5a69253f6139c74⋯.png (13.31 KB, 382x333, 382:333, Screenshot_104.png)

>>2922293

not trash, vanguardist politics against capitalism


 No.2922424

Stock market is closed i just came here (literally) for the shaved nudes


 No.2922442

File: 57667b133a878e2⋯.png (740.18 KB, 1731x2742, 577:914, scrnshot.png)

>>2922424

Satan demands a sacrifice to counteract the 30k dow quints. I will be posting my nudes shortly enough. I simply need to draw my sigil on them and scrub exif data.


 No.2922444

File: 026fdc0b162d478⋯.gif (1.08 MB, 220x169, 220:169, 026fdc0b162d478d3bb5c214d0….gif)

>>2922442

A cum sacrifice in order to crash the market. What the fuck is wrong with you leftypol


 No.2922451

File: 09506c4f7c5fce5⋯.png (53.82 KB, 672x665, 96:95, ava baraiti.png)

>>2922444

I'm no expert but here's the sigil. Perhaps i should look into the technique of just drawing representative images instead? It would be hard to draw an abstraction like a stock market crash though. Maybe a mountain peak and an object sliding down the peak would be a better idea?


 No.2922453

>>2922451

Please tell me this >>2922289

is actually going to happen


 No.2922458

File: d5dda3ef10055da⋯.jpg (Spoiler Image, 224.5 KB, 913x1474, 83:134, Self Pics~86 - Copy.jpg)

File: eeaf8204a51a03c⋯.jpg (Spoiler Image, 193.6 KB, 1590x863, 1590:863, Self Pics~69 - Copy.jpg)

File: c6bd483388a6e73⋯.jpg (Spoiler Image, 354.99 KB, 1253x2403, 1253:2403, 1.jpg)

File: d1b94ba27543750⋯.jpg (Spoiler Image, 491.81 KB, 1932x2112, 161:176, 2.jpg)

File: 244ba2825e75fed⋯.jpg (Spoiler Image, 515.29 KB, 1932x2256, 161:188, 3.jpg)

>>2922453

It's happening. I had to recreate the sigil because i misplaced it. I dry-shaved to intentionally cause bleeding.

Spoiler for decency.

Now to fap.


 No.2922461

File: 311d9e9f4c4d531⋯.gif (1.64 MB, 680x499, 680:499, History_Compilation.gif)


 No.2922464

File: ece24bfa955089e⋯.jpg (230.15 KB, 1280x981, 1280:981, mantis shrimp.jpg)

>>2922461

I'm gonna kms out of shame


 No.2922465

File: 2846a0cc6b32f5d⋯.jpg (115.42 KB, 701x720, 701:720, 9 - rznBjdW.jpg)

>>2922458 What the fuck


 No.2922467

>>2922464

Whats done is done, keep up with the plan, I assure you I will, mb Satan is watching and the markets will crash from this


 No.2922468

>>2922465

Did you expect me to not have a dick?


 No.2922473

>>2922468

nobody should


 No.2922474

>>2922458

Thanks based twink


 No.2922477

File: 0bf2ecebf6805a3⋯.mp4 (1.26 MB, 1280x720, 16:9, Bro, you just posted cring….mp4)

>>2922473

>nobody should (have a dick)


 No.2922487

This thread is going places.


 No.2922502

get on topic, you thirsty cocksuckers


 No.2922517

File: f41fb8ff6f79985⋯.jpg (12.79 KB, 200x264, 25:33, 200pxStalin_in_exile_1915.jpg)

>>2922458

I could have expected this.


 No.2922536

File: 3b4b8c6c45fda56⋯.png (599.1 KB, 811x619, 811:619, 3b4b8c6c45fda562046d58a54d….png)

>>2922477

>implying they should


 No.2922542

>>2922536

>Social capital

If there's something as kultural Marksism, it's 🅱️eter coffin. My god! Do I despise that fuck with all of my soul. Fucking ThoughtSlime is better than him.


 No.2922543

>>2922542

>Do I despise that fuck with all of my soul.

muh social capital…

>Fucking ThoughtSlime…

based

>…is better than him.

agreed


 No.2923119

>>2922502

Start deleting the derailing comments any time now, you lazy janitor.


 No.2923121

File: eee8c28f8680ab6⋯.png (25.02 KB, 643x114, 643:114, 2.png)