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/leftypol/ - Leftist Politically Incorrect

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Tags: leftism (CLICK HERE FOR MORE LEFTIST 8CHAN BOARDS), politics, activism, news

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


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



File: 61abd5997d1f712⋯.png (39.66 KB, 1155x460, 231:92, ClipboardImage.png)

>>2576375 here.

This is the monthly chart of the US30.

There will be a correction down to 22000 points

You guys could use this dip to shill, but it will recover easily and fast just like it has done before, and I will make a huge profit on it.



Oh, and you guys can expect a new surge on the price to about 30000 points by mid 2019 after the end of the correction. :P



And why should we believe you?


File: 095852cb83f9fb0⋯.jpg (246.7 KB, 1077x1712, 1077:1712, Screenshot_20180705-110712.jpg)

Dow went from a more than 100+ opening to this



This what justification do you have to make us believe you



Not me, but technical analysis.

The fundamentals make it go up, and technicals help you decide when to open or close your positions.

But you can believe whatever you want. Thats what you guys do, right? You choose to believe in whatever makes you feel better instead of rationally thinking by yourselves.




so what exactly is being corrected if the price is just going to surge back up again



China's demand for metals isn't big enough to replace the U.S. Plus, China already produce enough metals to supply for its industries.



Thats how the market works.

The price goes up, then because everybody already bought in, there is no volume to hold the price at the current price (its overbought), then there is a correction, because the people that bought in before the price went up will no longer hold, they know that there isn't enough volume and buyers to make it continue the trend.

Now everybody sells, and this makes the price go down. After everyone sold their shares/lot there is a strong demand for the asset, everybody buys again because there is an uptrend happening and there aren't enough sellers (bears) to make the price continue its down trend. That is what a correction is.

But a correction never goes past the previous lows.




Why did the '08 correction go past the '01 low in >>2576380 then?



Because it wasn't a correction, but a recession.


Thats why it became known as the financial crisis of 2007–2008.

The reasons why it might've happened are explained in this article on wikipedia.




Oh, I forgot to add that usually a correction happens when the price won't go lower than the previous high.

You can notice this sort of pattern from 2008 to now >>2576380.



^ basically Marx's Das Kapital proof of the failure of capitalism put in modern mathematical terms.

All current growth is based on the production of huge amounts of debt. Most of the money from this ends up in the derivative markets.

The moment it becomes clear that the extra debts cannot be paid back anymore but with the creation of more debt, people won't be giving loans out anymore due to their inherent unprofitability.

This happened in '08, but was combatted through the maintenance of the debt-based growth by the bailout governments gave to the banks doing that thing.

Each time this happens, the governmental debt increases significantly. This is then bought up by the private sector.

I believe that this may be used by the private sector as negotiating tool to push governments to become profitable. This would result in additional privatization or other measures done by government to become more profitable, making them lean closer to a state as a corporation.



There's a comment section?! Shit, nigga, post screencaps.


File: 0f89110b57cd41d⋯.png (8.14 KB, 255x200, 51:40, 1.png)


technically speaking, for this thing to be called a recession, does it have to surpass the 2008 crisis low???('bout 8k)


File: fa5a92abc25acf9⋯.gif (12.62 KB, 250x194, 125:97, 1512558520191.gif)


for dhis to be a recession, real gdp must decrease :DDDDDD, dhad's like dhe debinition of a recession :DDDD



No, you have to surpass the 1929 low lmao.



i dont know i just read something like that while scrolling


File: f1087b1b733386c⋯.png (8.24 KB, 268x200, 67:50, oiride.png)

oil's having quite the ride today btw it looks like the fucking Alps or sthng




There are professional investors who no longer believe that fundamentals are driving the market. If you look at P/E ratios you can see how many stocks are far overvalued compared with what one might typically expect.


File: 515225eee350fed⋯.jpg (12.58 KB, 244x256, 61:64, subsequently I intimated F….jpg)


>The stock market is fairly volatile on a short-term basis but has a strong track record of success over the long-term.

>a massive crash that nearly landed so hard as to take the entire global economy with it, ten years of public subsidized markets, and now numerous unsustainable credit bubbles in the tune of tens of trillions of dollars is "a strong track record of success"


File: ad2fa4e92136820⋯.png (115.84 KB, 668x620, 167:155, morons.png)


>be financial wizards

>still can't rise above the level of a youtube comment section


File: c1b059a094e7868⋯.jpg (51.29 KB, 450x450, 1:1, 1243276854919.jpg)


>The existence proof of general equilibrium, which is based on subjective-

behavioral axioms, is replaced by the existence proof of a final turning point,

which is based on objective-structural axioms. The final turning point is

characterized by an irreversible switch from profits to losses for the business

sector as a whole and marks the beginning of the breakdown of the monetary

economy. This has nothing to do with any market failures or irrationalities.

The final turning point can be preceded by an arbitrary number of temporary

profit/loss reversals and is in full accordance with the households’ optimal

intertemporal consumption plans.



this is donald drumpf tier


File: 2c023e3fd581059⋯.png (179.47 KB, 1341x829, 1341:829, uh oh.png)

File: 7e84b8ccdc89fc0⋯.png (118.65 KB, 1634x802, 817:401, uh oh2.png)


>GT Investments


Uh oh


It looks like Gary's been a bad boy.

>Gary DOES have Arrest or Criminal Records, DUI's, traffic tickets, or outstanding warrants

>Gary DOES have Lawsuits, Liens or Bankruptcies.

A very bad boy


OK what the fuck is going on in the stock market? Are we going to have a fuckton of inflation going on instead of a market crash in the US?


File: 537e1d9e9177979⋯.jpg (189.85 KB, 720x540, 4:3, hellyeah.jpg)

>fully automated luxury gay space communism liked your comment


File: 39d8e045c4e98f2⋯.png (4.52 KB, 212x238, 106:119, 8dd3af5084faddb06dfece0269….png)







Obviously all criminals that want to coverup their illicit histories. Obviously


On Dow, prev close was 24,174.82 and today it closed with 24,356.74. plz don't win porky


File: 1da655ec25f197b⋯.png (41.56 KB, 590x229, 590:229, 2.png)

File: 56aa5c9d39b4543⋯.png (42.05 KB, 576x226, 288:113, 1.png)

Down we go! US Futures; EU.


File: df6f2bb2f971ed7⋯.png (329.49 KB, 1439x2029, 1439:2029, Capture _2018-07-06-08-33-….png)



File: 0c048ab26dbaf57⋯.png (28.92 KB, 951x333, 317:111, 14141289564189564195641896.png)

DOW start


File: 0255860f134778e⋯.png (27.65 KB, 952x270, 476:135, dow1.PNG)

we're in the green again rip



bull fucking shit, it goes UP on "bad news"? They're not even pretending anymore… and when it all goes to hell it's going to make 1929 look like a walk in the park.



Yeah. The close better be fucking good today


File: 311901ce53c982c⋯.jpg (77.65 KB, 1900x2462, 950:1231, thinking potato.jpg)



>starts low

>rockets up

>drops back again

>rockets up further into the green


File: da08a1ab3704db8⋯.jpg (90.6 KB, 966x1200, 161:200, regina spektor.jpg)


>Manufacturing has thrived in the US over the past couple of years but industry fears are rising that the escalating series of trade disputes provoked by President Donald Trump will bring its growth to a halt.

>Many US manufacturers say the increased costs of steel, aluminium and components caused by US tariffs, and the accompanying threat of being shut out of other countries’ markets by retaliatory measures, have created uncertainty that is tempting them to put a brake on hiring and investment decisions.

“Overall the economy in the past 18 months has been very good,” said Michael Haberman, president of Gradall Industries, an Ohio based excavator manufacturer. “We had a good year last year, and we’re in the middle of a good year this year. But we are very concerned about the tariffs.”

>US manufacturing production has been growing at a healthy if not spectacular pace, rising by 1.9 per cent in the year to May, and that growth has been continuing, according to separate surveys from the Institute for Supply Management and IHS Markit on Monday. However, the Trump administration’s trade policy is starting to have a noticeable effect on American manufacturers.

>Both the ISM and IHS surveys found many manufacturers reporting rising costs and increasing difficulties in sourcing components. Timothy Fiore of the ISM said the comments suggested respondents were “overwhelmingly concerned” about the tariffs, and this was before the majority of the announced or threatened measures had hit.

>On Friday, the US is scheduled to start charging tariffs on $34bn of imports from China, and Beijing will hit an equal value of its imports from the US. Retaliatory tariffs from the EU, Canada and Mexico in response to US action on steel and aluminium have taken effect over the past month. Much more wide-ranging measures are threatened by the US, China, the EU and other countries.




File: a7974b2dafe166a⋯.png (28.49 KB, 953x271, 953:271, ffs dow.PNG)

File: d0a4f69f8d964f9⋯.jpg (114.79 KB, 585x329, 585:329, michael gira banana.jpg)









File: fd7133324e18d6c⋯.jpg (10.42 KB, 263x191, 263:191, images.jpg)




File: c6c4a2c10888099⋯.png (499.92 KB, 764x628, 191:157, e00b481338fafd70fff9b3d24a….png)


wait that's tiny…




The stock market, as a concept, does work exactly like that and works well. But the way it's implemented only serves the benefit of the accumulation and hoarding of capital, a situation that inevitably leaves the market without capital meaning investors have to either get loans or not invest. This is the inherent contradiction of capitalism Marx references.

Better markets can be constructed, the problem is determining who owns what and who can trade in what amounts. This is where workers obtaining payment in the form of company shares (or alternatively dividends) and then being able to trade them on a market with other workers is not such a bad idea. The main problem is ensuring no single individual has too much influence, which naturally leads to hierarchies forming. This could be prevented by having a maximum cap on what workers can pull from markets based purely on trading, with remaining excess cash going into a general fund.

Cryptocurrency offers the most promising way forward on this, although it's still in it's infancy and anyone committing money now is a fool.



A sort of highly customisable, controlled/permissioned blockchain with fairly strict rules on control of accumulation, transfer and governance would be an interesting way of organising such an experiment.







I actually like that


File: ad8954869ede758⋯.png (9.66 KB, 364x56, 13:2, 1.png)


File: d7bdf8df20b682d⋯.jpg (30.15 KB, 444x574, 222:287, 1344323735365.jpg)


>lose hundreds of points on fears of a trade war

>Trump's tax cut is the sole reason the last quarter report wasn't a wreck

>trade war actually starts and the market goes up because jobs report

I know it takes two to play war, but this blue balling me shit has to stop.


File: 21f935dff192e9e⋯.png (830.67 KB, 893x975, 893:975, 325792358923y50h234ot24805….png)




How are the markets today?



But markets would still be more inefficient than planified economy and you would still have the competition factor(without that markets don't work; you would still need to have competition between buyers and sellers,buyers and buyers…etc and reducing the product price to its cost of production; leading to the desperate need of more expensive machines that produce in less time making the cost of production bigger, because of the ever increasing price of the machines) I think it's a terrible mistake to believe that kind of system would be viable or efficient


File: 3ee2c773ad9f4c1⋯.jpg (8.06 KB, 225x225, 1:1, images.jpg)



>Better markets can be constructed


By abolishing them.


File: 8c926d7c8880c9f⋯.png (Spoiler Image, 567.43 KB, 691x520, 691:520, 1.png)

File: 82d754c5a159ea0⋯.png (Spoiler Image, 38.47 KB, 138x125, 138:125, 2.png)

le le le le le bull le market is le le le strong le le le suggests data




>I think it's a terrible mistake to believe that humanity taking into its own hand his own economic destiny would be viable or efficient

E C O N O – C U C K E D













The Dow is up about 180~200 pts, but the SP and Nasdaq are trending toward negative.



Marx points out in Capital Vol. 1 that stock market valuations represent the social division of labor in capitalism. What do you all make of this?


File: 7d19eeffc7f29b6⋯.png (29.41 KB, 538x184, 269:92, 1.png)

good morning, yuroppe


File: 5cc7c5ca430edf8⋯.gif (1.03 MB, 249x132, 83:44, fire.gif)


>Trump is about to blow up globalization without any kind of exit strategy immediately after cutting taxes and deregulating again, exacerbating the inevitable next crash to a degree that is probably indescribable

>The Conservatives in UK are in absolute chaos after Boris Johnson and that other faggot resigned because of Brexit autism and Theresa May is fearmongering about Corbyn taking over

>AMLO just btfo'd the US puppet party that has been controlling Mexico for the last 50 years and actually enforced agreements made with the Zapatistas back in 1996

>literally the only thing holding up the US stock market right now is buybacks and speculation

>Italy and Hungary's neofascism is accelerating the collapse of the EU even faster

>Syria has essentially won the war at this point forcing the US to regroup and go after Iran again, which is leading to a new Iranian oil crisis with the potential to be even worse than the one in the 1970s

/leftypol/ i…


I'm going into dental surgery, and when I come out I want this fucker to be in the red. Can we handle that, /leftypol/?



[Extremely narrator voice]

They could not.


File: 68cc4e3df4772b1⋯.png (281.54 KB, 1439x1512, 1439:1512, Capture _2018-07-10-20-41-….png)

Futures looking fucking great 👍


File: 188a6ad0cb14670⋯.png (152.66 KB, 621x630, 69:70, 41744749654.png)


File: 89bfdf96afabfe0⋯.png (37.88 KB, 960x372, 80:31, 1563416341646.png)

Dow opening



File: f75670678ada8fd⋯.jpg (236.75 KB, 1078x1689, 1078:1689, Screenshot_20180711-094044.jpg)

File: 91701847e46beaa⋯.jpg (35.3 KB, 429x571, 429:571, fdd (1).jpg)

Today's gun b good



I'm not ready to get hard yet. We've had low opens before that have turned around in the first couple hours, and vice versa.



rise and drop.


File: 56ca4159b1aa06b⋯.jpg (254.41 KB, 1080x1688, 135:211, Screenshot_20180711-095010.jpg)

File: 380134c624c6174⋯.jpg (255.85 KB, 1080x1701, 40:63, Screenshot_20180711-094950.jpg)

Europe in the red



This, just because we start in red territory doesn't mean that we will see the collapse of the stock market. Still, we will see what happens today, but I don't think that today will happen anything.

Anyways, what do you think will happen today?




For my part I think we're going tot get into real red territory as it gradually trends back down toward 24,000


File: 398ba1215e10a7f⋯.jpg (242.33 KB, 1080x1680, 9:14, Screenshot_20180711-101107.jpg)



File: 39da4fc6a382778⋯.jpg (266.35 KB, 1080x1682, 540:841, Screenshot_20180711-101300.jpg)

Venezuelan porkies


File: 2280ea3fdddaec8⋯.png (30.12 KB, 960x370, 96:37, 19191923361.PNG)

Meanwhile, at VIX


File: 52dc25e5536c8e4⋯.jpg (248.39 KB, 1080x1700, 54:85, Screenshot_20180711-102241.jpg)

Up and down up and down




>One of the world’s most coveted investment books — “Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor,” the 1991 classic by Baupost Group’s Seth Klarman — popped up recently in Amazon’s Kindle store for $9.99.

>Finance nerds went crazy.

>The out-of-print book by the legendary hedgie is highly prized and used physical copies are regularly hawked online for up to $2,000 on Amazon AMZN, +0.41% , which owns Kindle.

>For readers without a slide rule or a calculator at hand, the Kindle price is a 99.5% discount from the web’s highest price on the book.

>So popular was this esoteric title that between July 6, when it first emerged in the Kindle store, according to Bloomberg, and Tuesday, it had climbed to No. 16 among most popular titles for investing and business on the site’s best-seller list.

>But as is often the case in investing, buying early was key.

>“Margin of Safety” was yanked from the e-commerce site hours after Bloomberg reported it was available. It seems Kindle never had the right to sell the book.

>Baupost Group called the digital version of the book “unauthorized.”

>“The Kindle version of ‘Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor’ on Amazon is an unauthorized version being sold in violation of its registered copyright, which is owned by Seth Klarman,” a Baupost spokesperson said in a statement Tuesday.






Piracy is a revolutionary act.


File: 444eb96e9b9e7a9⋯.jpg (249.78 KB, 1080x1697, 1080:1697, Screenshot_20180711-105432.jpg)

Dow at the moment


File: 049d6358be56db1⋯.jpg (256.83 KB, 1080x1694, 540:847, Screenshot_20180711-122319.jpg)

Dow update



It a good thing that dow didnt reach 25k again.


File: fb2cb30b4726c18⋯.png (37.67 KB, 959x365, 959:365, Dow Update.PNG)


File: b8eb4f5f53ccb0a⋯.jpg (272.6 KB, 1069x1749, 1069:1749, Screenshot_20180711-131246.jpg)

Holy fuck Rip Venezuelan porkies


File: a03aa8d2c52930a⋯.jpg (262.56 KB, 1079x1712, 1079:1712, Screenshot_20180711-131354.jpg)

File: 92888d93a56008a⋯.jpg (33.64 KB, 443x395, 443:395, aDz5oWG_700b.jpg)



File: 630c7d981aabd33⋯.png (28.26 KB, 545x183, 545:183, 1.png)

File: a1e794c28a8d9f6⋯.png (32.15 KB, 538x189, 538:189, 2.png)

File: 222fcfccf0d2761⋯.png (33.47 KB, 541x186, 541:186, 3.png)

File: e8056998f79bdc8⋯.png (34.18 KB, 537x183, 179:61, 4.png)

File: 2df56cd4bdc1c07⋯.gif (851.06 KB, 406x276, 203:138, JNhU5Tt.gif)



File: 8e23c3c9e540922⋯.jpg (267.96 KB, 1080x1693, 1080:1693, Screenshot_20180711-142145.jpg)

Dow update


File: 1810bdfc1897c2b⋯.png (39.96 KB, 955x389, 955:389, Dow Finale.PNG)


File: 244fd5424d9c316⋯.jpg (187.47 KB, 1024x662, 512:331, trump_clinton-1024x662.jpg)

>Foreign investors spent $259.6 billion to acquire, launch, and expand businesses in the United States in 2017, according to numbers released Wednesday by the US Bureau of Economic Analysis. That's down from an historic high of $439.5 billion in 2015.

>The largest chunk of last year's foreign direct investment came from Canada ($66.2 billion), followed by the United Kingdom and Japan.

>Foreign direct investment is influenced by a number of factors. A strong US dollar can make American assets more attractive. That may have partially driven a spike in foreign investment over the past two years.

>Financial instability abroad also makes the United States' relatively safe markets seem like a good bet, although America's share of global foreign direct investment has declined over the years as developing countries have become more competitive.

>The United States wasn't the only country to receive less money from outside its borders last year. According to the Organization for Economic Cooperation and Development, global foreign direct investment flows were down 18% in 2017 from the previous year and nearly 24% from its post-recession high in 2015, which the OECD attributed to a surge in financial and corporate restructuring.

>Big businesses tend to support foreign investment in US companies, saying that the money supports expansion, research and development, and employment of U.S. residents.

>The Trump administration has had a more mixed outlook.

>President Donald Trump has celebrated foreign business activities in the United States, including the Chinese company Foxconn's construction of a factory in Wisconsin. But the White House also blocked Singaporean chipmaker Broadcom's acquisition of California-based Qualcomm, citing concerns that American technology could end up in the hands of China.

>Trump has backed a bill pending in Congress that would expand the powers of the Committee on Foreign Investment in the United States, which reviews such transactions.

>Trade adviser Peter Navarro, meanwhile, has characterized foreign investment as "conquest by purchase."

>"In the long run, we are likely to be owned by foreigners," he said last year.

>Nancy McLernon, president of a trade group of multinational companies called the Organization for International Investment, thinks that attitude — along with Brexit in the U.K. — took a toll on investment.

>"Last year, there was a lot of uncertainty," McLernon says. "Multinational companies in general are concerned about how governments will be treating foreign companies operating in their countries. Cross-border acquisition is not surprisingly taking a hit from economic nationalism, not just in the U.S. but also worldwide"




Sic semper porcis


Mark Mobius warns that the trade war is a prelude to the next financial crisis

Mobius is looking for another 10% drop in emerging-market stocks and, ultimately, a financial meltdown at home and abroad.

He says tensions between the U.S. and China will increase with Trump unlikely to suffer much backlash from his tariffs. The inflationary impact, Mobius explains, will be matched by rising wages at a time when unemployment is low. (lol)



File: 53df0aeca75baf6⋯.png (27.65 KB, 628x197, 628:197, 1.png)


File: 7635fe7aefc45ed⋯.png (82.36 KB, 321x219, 107:73, 1.png)

Consumer prices rose in June at the highest yearly rate since 2012, reflecting a U.S. economy that’s running hotter than anytime since the Great Recession.

The increase in the cost of living rose to a 12-month pace of 2.9% from 2.8%



File: aee2b7433e4d565⋯.jpg (246.34 KB, 1080x1694, 540:847, Screenshot_20180712-093023.jpg)

Dow Jones is open


File: 8bbbc70aaa72128⋯.jpg (243.93 KB, 1080x1711, 1080:1711, Screenshot_20180712-093724.jpg)

Dow update


File: 464121453fa7032⋯.jpg (48.12 KB, 717x295, 717:295, Screenshot_20180712-094335.jpg)

Toronto stock exchange


File: 6899e9e74b74b9e⋯.jpg (240.85 KB, 1080x1702, 540:851, Screenshot_20180712-100645.jpg)



File: f302c915015e646⋯.jpg (124.04 KB, 620x417, 620:417, 1334097681197.jpg)

>reading the comments section on any given MW article

>especially comments marked by "leaders" and "contributors"

These people are living in a fucking fantasyland.


File: 3d02bb183a4ba6f⋯.jpg (77.71 KB, 950x515, 190:103, 2qrrpuvepl911.jpg)

Check this shit out


File: 596a3fe405e2dda⋯.png (580.53 KB, 500x573, 500:573, 1469415681325.png)


>teenage me

>the big summer event is E3 and seeing all the great games coming out

<adult me

<big summer event is corporate earning reports and all the shitty corps dying out



The saddest part is that /pol/ will probably spin this as a good thing due to less soy being avaliable and thus less sisssy soiboys etc. They have no concept of shame




what the hell does this actually mean?



wait but if th grain and cereals and shit like that keep falling.. doesn't that mean we will have the habpening in like mid august?:))



Market gains are driven by optimism on future earnings. If companies fail to show good earnings, because they, say, spent billions on stock buybacks, market gains go bye-bye.



uuh and they have spent loads of cash in buybacks ok now i get it


File: 8ce183f2c83bc6a⋯.jpg (235.98 KB, 1080x1715, 216:343, Screenshot_20180713-093022.jpg)

Dow Jones open



File: 212ea0ad6997ca0⋯.jpg (249.56 KB, 1080x1694, 540:847, Screenshot_20180713-100854.jpg)

Dow update


Bank earnings have been mixed, I suppose this delays the inevitable for today?


File: f4cc4f03d66151d⋯.jpg (667.72 KB, 1074x1592, 537:796, Screenshot_20180713-101542.jpg)



File: b003d2d23aa29b2⋯.jpg (220.59 KB, 1032x671, 1032:671, Screenshot_20180713-101931.jpg)


File: 3ed73dc3e337130⋯.jpg (264.29 KB, 1080x1710, 12:19, Screenshot_20180713-114022.jpg)

Dow passed 25k Mark


File: b33014d43446520⋯.jpg (174.45 KB, 588x576, 49:48, berserk.jpg)


>Wage growth has been lackluster since the Great Recession. Recently, unemployment fell to one of the lowest levels since 1969 and business leaders keep complaining they can’t find enough workers. Typically, companies raise wages sharply in this kind of environment, but average hourly earnings are still stuck below 3 percent, a low level historically.

>Federal Reserve Chair Jerome Powell has called it “a puzzle” why wages aren’t rising faster

>the chairman of the Fed is "puzzled" why wages aren't rising faster

>"a puzzle"

How? How can these fucking cocksucking motherfucking bastards be so fucking god damn shameless? Like, just when I think I have a grip on how deep the pathology of porky psychosis goes one of them does some shit like this. I swear to God these people would watch their own children be raped by 100 hepatitis infested homeless Vietnam veterans if they could make a quick buck off of it and somehow try to rationalize it to the press. I'm sorry if I'm being too hyperbolic but that's the level of shamlessness, you have to get that nasty to express and understand just how much these people lack a conscience. Holy fucking shit.

And Americans just allow it, they just allow themselves to be so blatantly and shamelessly lied to by fucking parasitic ghouls about the origins because "w-well amewica might naht be pwefect but its betta than o-otha countries uWu" Fuck this shit hole, I want 4 more years of trump and 20 more years of Republican-controlled congress, fuck it all kill the baby let it die


File: cdfbbddaecc4c92⋯.webm (8.97 MB, 1280x720, 16:9, DIALECTIC.webm)

I was looking at the website for the ILO recently, and I found something interesting. Look at this quote.

>Labour productivity – the value of goods and services produced per person employed – continues to outstrip wage growth in developed economies, including in the most recent years. This continues a longer trend which briefly paused during the financial crisis years of 2008 and 2009.

>The growing gap between wages and productivity has translated into a declining share of GDP going to labour while an increasing share goes to capital, especially in developed economies.

>This trend means that workers and their households are getting a smaller share of economic growth while the owners of capital are benefiting more.

Isn't this EXACTLY what Marx predicted would happen? The capitalist will invest more into constant capital while cutting investment into variable capital in order to make more money. However, in the end this causes the rate of profit to fall since it is only variable capital that produces profit. How can people look at this shit and say that Marx was wrong, or that the capitalist system is manageable? Can't they see that the entire thing is unsustainable?


File: d4bc96fcf5feaa4⋯.webm (1.52 MB, 1280x720, 16:9, 37 Avatars.webm)


>Bank earnings have been mixed, I suppose this delays the inevitable for today?

So the story goes.


>JPMorgan Chief Executive Jamie Dimon said so far the escalating dispute was “affecting psyches more than economics.” Citigroup Chief Financial Officer John Gerspach said it is weighing on overall market, but not on his bank.

>“It’s certainly had some impact in the overall feeling in the market, it’s created some uncertainty, so I do think it’s probably had some impact on people making decisions,” Gerspach told reporters on a call. “But from an overall business point of view we haven’t seen that impact as of yet.”

What's more interesting imo

>JPMorgan reported net profit of $8.3 billion, or $2.29 a share, ahead of the FactSet consensus of $2.22 a share. Loans rose 4% to $935.16 billion and net interest income rose 9% to $13.6 billion. Trading revenue rose 13% to $5.4 billion as fixed income revenue rose 7% and equity markets revenue rose 24% to $1.96 billion.

>Citigroup reported net profit of $4.49 billion, or $1.63 a share, up from $3.87 billion, or $1.56 a share, in the year-earlier period. Revenue rose 2% to $18.5 billion. The FactSet consensus was for EPS of $1.56 and revenue of $18.5 billion.

>Wells Fargo said net income fell 12% to $4.79 billion, or 98 cents a share, below the FactSet consensus of $1.12 a share, while total revenue slipped 2% to $21.55 billion, missing expectations of $12.68 billion.

Bank profits are higher than ever yet for some reason the market has been choking on dicks all year.




Self delusion is a hell of a drug.

>point out the market nearly experienced apocalyptic catastrophe in 2008 that would have brought the entire global economy to a screeching halt

<Yeah, but it didn't though, so capitalism works fine!




Yeah that's what he predicted, but something else he predicted is that this causes the rate of increase in productivity to plummet. I think productivity in the US grows by like 1% a year these days. It's truly pathetic.


File: 4c6ed3c88d0f6d9⋯.png (110.55 KB, 2336x350, 1168:175, Screen Shot 2018-07-14 at ….png)


friendly reminder these morons made a 42.2% buyback earlier in the month


File: ff306be04dcc245⋯.jpg (75.89 KB, 800x589, 800:589, capitalism was built by an….jpg)

This is the real reason many Americans stay poor


>“We’ve heard more rhetoric lately about [low-income] people making ‘bad choices’ or being ‘irresponsible with money’ and that’s been the direction policy has been going,’ said Kasey Wiedrich, director of applied research at Prosperity Now. “We wanted to attack that.” One example of the rhetoric: Sen. Chuck Grassley (R-Iowa) recently said lower-income Americans “are just spending every darn penny they have whether it’s on booze or women or movies.”

the comments section is even worse



So are they a private company now, or did they resell the stock they bought back? What the fuck is happening over there?


File: 133af2e73ca2330⋯.jpg (11.3 KB, 207x232, 207:232, 641967477e135fe58152a597e0….jpg)




File: d63f0f41d425144⋯.png (11.21 KB, 1101x49, 1101:49, 1.png)

File: fef3a261d360266⋯.png (6.87 KB, 1130x36, 565:18, 2.png)

File: 6f33ca8259c820b⋯.png (3.11 KB, 107x80, 107:80, 3.png)




This was an additional buyback!

More like 81.8% GANG


File: 19f9719399fe645⋯.mp4 (1.47 MB, 800x530, 80:53, Trump EU.mp4)


File: 0f5151982203c51⋯.jpg (89.12 KB, 800x800, 1:1, 0f5151982203c519be46b526af….jpg)


The shitshow continues


File: 1f6cf17d08cc2eb⋯.gif (1.99 MB, 293x205, 293:205, 1f6cf17d08cc2eb9293b8575af….gif)


What's the significance of buy backs?



They artificially inflate stock prices meaning that the entire value of the stock is p much worthless and artificially created. So a 10 pence stock could be bought at 10 pounds because of stock buybacks pushing up the price. This is just an absurd example but with the huge amounts of money spent on stocks it's nothing minor in reality.



If I'm getting this right, it would mean they would be rebuying for more than what they are selling, right? Aren't they losing money then?


File: 01b78213f739ac6⋯.jpeg (8.65 KB, 284x177, 284:177, bubbles.jpeg)



File: a9c0e978d803b83⋯.jpg (163.05 KB, 1080x1250, 108:125, Screenshot_20180715-220252.jpg)

Hang seng


File: 5cc1b349613bea3⋯.jpg (184.78 KB, 1074x1305, 358:435, Screenshot_20180715-230320.jpg)

Hang seng update



How fucking long can they keep this shit up?



I think he's trying to say that the significance of stock buybacks is in creating an artificial bubble, inflating the price so that it trades at a higher value than what the market would otherwise value it at if there were more stocks for sale.



i'm pretty sure it's literally forever


File: 246d7896c59bfd2⋯.jpg (271.32 KB, 1080x1127, 1080:1127, Screenshot_20180716-084811.jpg)

File: 0c69ab0423657dd⋯.jpg (97.27 KB, 1060x451, 1060:451, Screenshot_20180716-085019.jpg)


File: 2260defcbf114b0⋯.jpg (207.47 KB, 1070x769, 1070:769, Screenshot_20180716-090704.jpg)

File: 6797a401d9d4c81⋯.jpg (89.29 KB, 1055x456, 1055:456, Screenshot_20180716-090933.jpg)

File: 1504514b7ee789e⋯.jpg (152.47 KB, 1067x526, 1067:526, Screenshot_20180716-090855.jpg)

Thermonuclear takes


File: 14d3b2256e61587⋯.jpg (129.31 KB, 1064x451, 1064:451, Screenshot_20180716-091136.jpg)

File: 86d63ea0f3ca9c6⋯.jpg (91.49 KB, 1068x427, 1068:427, Screenshot_20180716-091338.jpg)

hot takes like hot cakes


File: b1ecd20abcec35c⋯.jpg (246.34 KB, 1072x1698, 536:849, Screenshot_20180716-095620.jpg)

Dow is open


File: 8842bddc1d9a43b⋯.jpg (258.04 KB, 1079x1696, 1079:1696, Screenshot_20180716-101136.jpg)

Dow in the red


File: e95e887be51f294⋯.gif (991.83 KB, 500x347, 500:347, 1414336309304.gif)


File: 2ceff98ab181935⋯.png (23.1 KB, 544x201, 544:201, dow now brown cow.png)

File: 5ecb43058b96d3d⋯.jpg (14.3 KB, 500x500, 1:1, 1243563158446.jpg)


How come damn near everyone on /biz/ and r/wallstreetbets are filled with permabulls?


Wtf happened to oil Jesus H Christ


File: d1f9bc96369b4a1⋯.webm (240.69 KB, 320x240, 4:3, Tourettes-Guy-HOLY-SHIT.webm)

File: 24a9c8e2fc050a8⋯.jpg (262.72 KB, 1080x1707, 360:569, Screenshot_20180716-121351.jpg)


File: d00ab14bff48203⋯.jpg (297.44 KB, 1078x1701, 154:243, Screenshot_20180716-150022.jpg)

It is 3pm my dudes


File: b8dc77a438db721⋯.jpg (54.65 KB, 963x287, 963:287, Netflix.jpg)

Netflix is down.



what the fuck happened




Their domestic new subscriptions were half of what was expected of them and their overseas subscriptions also didn't get enough people to buy the stock



netflix"s market cap is 174 billion dollars that means they lost around 22.6 billion dollars. fuck man.



Because they are the faithful and the faithful always believe that their faith will be rewarded.


File: 801acc3fb29ac52⋯.png (508.58 KB, 1027x494, 79:38, 801acc3fb29ac52ec0cd1ae8b9….png)


>22.6 billion dollars

Nigga what


File: 936a6cf66781c2a⋯.png (36.32 KB, 546x171, 182:57, Screenshot 2018-07-16 16.4….png)

us final



They didn't lose a dime because market valuation isn't real value.


File: 541de1f28865443⋯.jpg (262.17 KB, 1069x1691, 1069:1691, Screenshot_20180717-094335.jpg)

Nice shade of red to start off with


File: 82fd6c534e398c7⋯.jpg (261.76 KB, 1076x1732, 269:433, Screenshot_20180717-095012.jpg)

File: 4611dae2cd80b17⋯.jpg (25.85 KB, 601x589, 601:589, 4611dae2cd80b17469e0f3c4b7….jpg)

Go down god dammit


I've heard of a theory that companies are intentionally inflating their own stocks in order for them to look good in front of Trump, who will bestow benefits to companies in the form of lessened regulations and more tax cuts.

It was from some liberal and I have no idea where I actually read the article from, but that seems to be more likely of a situation than actual, honest to god exuberance.


So what the hell has been going on the last couple of months? It looks like the Dow Jones has been in a steady state of about 25k for a while now.



File: ef15a7441a7c104⋯.png (193.75 KB, 638x464, 11:8, 1.png)



>bonanza of corporate buying unrivaled in market history

I'm ready.



They can't keep buybacking it forever




If he's buying back? I'm scared.



>NYSE closes before time

When was this?


jews fear this: bitcoin.


File: f71b8bc7392719c⋯.png (4.07 MB, 1600x1200, 4:3, ClipboardImage.png)




I'm scared because I want the bubble to pop. If he's buying, the bubble won't pop. I'm tired of the wall street fucks benefiting from this trash system. Burn it down.

Need China to put the pressure back on our stock market.



>I'm scared because I want the bubble to pop.

it want pop before it pumped enough.


File: 037099593719826⋯.jpg (259.75 KB, 1079x1691, 1079:1691, Screenshot_20180719-102707.jpg)

File: 91701847e46beaa⋯.jpg (35.3 KB, 429x571, 429:571, fdd (1).jpg)

The dow at the moment


File: c2aeb93e58a2e87⋯.jpg (286.53 KB, 1078x1716, 49:78, Screenshot_20180719-150015.jpg)

Dow update also it's 3pm


File: 9e31fa687b131ef⋯.jpg (298.25 KB, 1076x1705, 1076:1705, Screenshot_20180719-164740.jpg)

Dow closed down 0.53% today


25% tariffs on foreign vehicles in the US soon


File: 030aa71e44b6466⋯.png (22.65 KB, 357x194, 357:194, 1.png)

good morning, Europe


File: 8492437b64323b8⋯.png (62.08 KB, 1142x283, 1142:283, 1.png)

9.75 billion buyback coming thru



What the actual fuck though


File: 8d3499f72369f7a⋯.png (38.94 KB, 1143x173, 1143:173, 1.png)





File: aaa9f4b7a5c0730⋯.png (154.53 KB, 1312x657, 1312:657, buybacks.PNG)


what, again?


ebin :DD


File: b4a8933e8afe319⋯.jpg (84.01 KB, 1320x742, 660:371, MW-DF380_bubble_ZG_2015021….jpg)




Never interrupt your enemy when he is making a mistake.


File: c0f82fb3d4f9af7⋯.png (157.14 KB, 1312x657, 1312:657, 1.png)


check this shit out

they make multiple buybacks and for the same price they buy back a smaller % of the company, faking that it is somehow worth more

EBIN :DDDDD indeed



Some good biz memes for y'all's enjoyment.


File: f5962e8c3e0c38b⋯.png (16.86 KB, 197x207, 197:207, 4.png)

File: 4425689eea4996a⋯.png (48.45 KB, 202x287, 202:287, 3.png)

File: 7d674c743ef88df⋯.png (45.94 KB, 195x413, 195:413, 2.png)

File: 0daebd462a71b0f⋯.png (24.16 KB, 202x244, 101:122, 1.png)


>threads on /biz/ rn



Why did biz get in to crypto in the first place are there so many neets that want to become rich investors?


File: 30585e6a17716da⋯.jpg (55.29 KB, 800x800, 1:1, large.jpg)



>be burger

>ameriga is gretest goundry in earth

>folow the baberigan draem :DDD

>have to go to the work

>wow, this bork is sucks man

>gotta make moneys fast

Hey! Did you hear that there's a software that you leave running on your computer and it makes money?


File: 29b8e3aa6e9f926⋯.jpg (66.13 KB, 1024x576, 16:9, 29b.jpg)



I think there might be something to this, or at least this line of thinking.

I always kind of assumed that Trump's main motivation for wanting the presidency was because he was predicting either a massive economic catastrophe or some other severe economic event, and he wants to be in the big seat to play kingmaker when it all comes crashing down. When he gets to decide who wins and who loses after a massive economic failure, he can essentially name his price.

Then again, didn't the US bail out their big automakers, and got a bunch of stock in return? If the US were to do something similar again, buying up the stocks of these junk companies, then it would make sense to inflate those values as much as possible to get the biggest return on these worthless paper slips, even if the government purchased them at a massive "discount."


File: eb7c5c7667737f7⋯.png (46.49 KB, 452x163, 452:163, 1.png)




File: 78ef9e72502d07f⋯.jpg (56.68 KB, 750x524, 375:262, harrow schoolboy killed by….jpg)


>All of the above may contribute to inequality. However, the proximate cause is quite simple. The jump in inequality is due to a small number of people, mostly business executives, who make huge amounts of money. They are the Mega Rich, the top .1 percent in income, who averaged $6.1 million in income in 2014. The Merely Rich are the rest of the 1 percent. It’s the Mega Rich, not the Merely Rich, who drive inequality. (I’m a member of the Merely Rich, so don’t blame me.)

>As shown in the graph [that follows]… between 1980 and 2014 the average real income of the Mega Rich has nearly quadrupled, increasing by 381 percent. Over the same period, the Merely Rich doubled their income while the bottom 90 percent lost ground, suffering a 3 percent decline.

>Since Fortune 500 CEOs can account for only 500 of the 115,000 Mega Rich, you might be surprised to learn that the majority of the Mega Rich are business executives. CEOs and other business executives constitute the largest ­high-income group in America. Not the old families with their inherited wealth. Not the sports heroes with their ­jaw-dropping​ contracts. Not the movie stars at $20 million per blockbuster movie. Executives, managers, supervisors, and financial professionals constitute three­-fifths of the top 0.1 percent. Moreover, they accounted for about 70 percent of the increase in income going to the top 0.1 percent from 1979 to 2005. As Nobel Prize­–winning economist Paul Krugman puts it, “Basically, the top 0.1 percent is the corporate suits, with a few token sports and film stars thrown in.”

>In Capital in the Twenty-First Century, Thomas Piketty, after analyzing enormous amounts of data, wrote:

<The vast majority (60 to 70%, depending on what definitions one chooses) of the top 0.1% of the income hierarchy in 2000­–2010 consists of top managers. By comparison, athletes, actors, and artists of all kinds make up less than 5% of this group. In this sense, the new US inequality has much more to do with the advent of “supermanagers” than with “superstars.”

>Piketty asserts that increasing income inequality is caused not by investment income but by high wages driven by “the emergence of extremely high remunerations at the summit of the wage hierarchy, particularly among top managers of large firms.”

>Furthermore, “CEOs use their own power not only to increase their own salaries, but also those of their subordinates,” one study determined. As a result, the majority of “supermanagers” are either CEOs or executives whose compensation is heavily influenced by their pay—private company CEOs, other senior corporate executives, and the professionals who advise them. There are more than 5,000 publicly traded companies and 5.7 million private companies with employees.



>Keep this graph in mind as we analyze how growing inequality curbs economic growth. Every time you see the phrase “increasing inequality” or “income inequality,” you could substitute “rising CEO pay.”

>“There’s been class warfare going on for the last twenty years,” said Warren Buffett, “and my class has won.” Some celebrate this result in the belief that free markets have justly rewarded talent, hard work, and initiative. Others bemoan the division of America into the Mega Rich who pluck the fruits of economic growth and the 99 percent who stagnate.

>I side with the bemoaners, but others have examined the moral and social reasons why income inequality is bad far better than I can. I will examine the economic damage. Americans may differ about politics, religion, and sports teams, but all applaud economic growth. They may argue how to best divide the pie, but they agree that a bigger pie beats a smaller one and that economic growth is preferable to its alternative­—a recession. Whether increasing inequality helps or hurts the economy is the wrong question. The right question (and an easier one) is, “Given where America is today, will greater or lesser income inequality spur economic growth?”

>From 1949 to 1979, while the ratio of CEO‑to‑average­-worker pay was relatively constant, the US economy grew 2.56 percent annually. When this ratio surged from 1981 to 2014, economic growth dropped to 1.71 percent a year. The difference may sound small, but over half a century, the higher growth rate results in an economy that is 50 percent larger. That’s a big difference.

>This correlation doesn’t prove that income inequality slowed economic growth, but it suggests that overpaying CEOs has not done much to help. Economist Richard Freeman draws an inequality curve in the form of an inverted U as shown [below]… The vertical axis shows the level of inequality. The horizontal axis depicts total economic output or GDP. At Point A on the left, there is perfect equality; everyone gets the same amount of money regardless of talent and effort. Therefore, no one has a financial incentive to work and economic output is zero. From this point, increases in inequality are good for the economy, for a while. At some point, more inequality begins to stifle growth. At the right end of the curve, one person gets all the money, and again, no one has an incentive to work. At the top of this curve, between total equality and total inequality, economic output is maximized at Point I.


Alpha Wolff talking about employment, unemployment, and the futility of predicting economic outcomes.




k… when will Dow crash, tho?


File: cf652e908c8fc0a⋯.png (17.26 KB, 458x180, 229:90, 1.png)

hulk… smash…



I don't know what you think that image proves.




This year. This shit always happens every 7-10 years.


File: 35cf6f3351c84f7⋯.jpg (260.96 KB, 1080x1700, 54:85, Screenshot_20180722-231651.jpg)

Holy fuck



proves that biz is retarded



Here comes the hulk smash.



Simply beautiful


Where is my market crash? It's already summer.


File: fb2ec000d6feabb⋯.jpg (251.71 KB, 1080x1691, 1080:1691, Screenshot_20180723-093300….jpg)

Dow jones is open


File: 5c3f0f430ae7d17⋯.png (32.2 KB, 548x186, 274:93, 1.png)

EU finish


File: 8cee411e8d4439c⋯.png (89.62 KB, 236x513, 236:513, 4.png)

File: f4913634bce819e⋯.png (88.76 KB, 241x511, 241:511, 3.png)

File: 8fdfa3b24713dd7⋯.png (32.34 KB, 252x379, 252:379, 2.png)

File: 0925c13a78c5074⋯.png (67.1 KB, 257x359, 257:359, 1.png)

>the absolute state of /biz/


File: 223d356b659e895⋯.jpg (67.62 KB, 560x758, 280:379, winter-is-coming-preview.jpg)


>Where is my market crash?

In winter.


File: aad6c44731b4b3c⋯.png (68.53 KB, 234x295, 234:295, 4.png)

File: 1611ea0055ad917⋯.png (191.55 KB, 1276x243, 1276:243, 3.png)

File: 07941947a011c4f⋯.png (34.18 KB, 245x309, 245:309, 2.png)

File: 42259e11dec2f7d⋯.png (46.95 KB, 242x254, 121:127, 1.png)


IMO /biz/ is slowly becoming for communists what pol was for nazis a few year ago: a big opportunity.



/pol/ became a fascist echo chamber to be edgy and contrarian. I doubt ideas with actual merit have a chance on 4chan.~



>5th of the threads are about being scammed by crypto

>5th of the threads are made by crypto companies trying to continue to scam them

>5th of the threads are about how being a wage slave sucks

>more and more threads calling the crash

I mean…



Bitcoins are going up, so any opportunities are going to have to wait as they buy back into the hysteria.



/his/ is honestly probably a better opportunity but it seems to be mostly a centrist circlejerk



not really, they're always sperging out about being raided by us and shit




Good thing you're both on the internet and won't actually do anything to anyone. Now let's go back to shitting in the GOP together


It looks like earnings reports are going strong. Google managed to get a good amount of money back.

I have no idea how bad inflation is though. Shadowstats have it up by 6%, though I have no idea how inflation statistics work.




>foreign markets institute tariffs

>have to increase price to recoup profits

>increased prices mean product's "value" rises

>gdp increases because industry now producing more expensive products

>market rides high on news of "good" gdp growth

>capitalists claim victory despite no underlying symptoms being resolved and as many experts warning of economic catastrophe as there are of the best of all economic worlds





It explains somewhat what we're seeing and why.

And don't forget, everything looked fine in 1929, until suddenly it wasn't.


So after experimenting with small amounts in bets against the market and examining the current situation, here's my recommendation for those here who want to both survive and turn a quick buck from the crash.

One word: Treasuries

Buy as much as you can of the 10 year treasury notes after the Fed's last rate hike for the year. At that point, it is essentially a win win, since if there is no dramatic recession you get an over 3% return every year, and if there is, the price could shoot up some 17%.



lol, I guess Trump won the trade war after all. Guess this was a bear trap after all.


File: 2b5b4b6ca1ef3ae⋯.jpg (8.91 KB, 343x227, 343:227, o_o.JPG)


>simply agreeing to keep talking to accomplish something on which the details for everyone involved are unclear means Trump "won the trade war"


Facebook got fucked today


File: 42a6ce6612b6c64⋯.png (30.86 KB, 633x518, 633:518, 2018-07-26_002351.png)


File: 7d1cd9bc0bd1a35⋯.png (54.59 KB, 687x566, 687:566, Screenshot (50).png)

Back up to 25,000 my boys, collapse when?



Wasn't the car industry the first to crash?

I remember some people saying it in this thread.




>Facebook barely misses their earnings report

>20% of their stock is sold

What the fuck




Almost all stock market growth has been fueled by tech and their growth has been phenomenal. Like staggering and unbelievable. I’m not here to titilate you with omens if the big one I’m just saying these stocks are fueled with nitroglycerin and so they are volatile



Auto industry just announced that steel tariffs actually were hurting thier profits like everyone expected. Don’t worry I’m sure they’ll make it out by offering 12 year financing no down payment on a Ford all wheel drive pickup truck.


File: 257d94b4eb7b5b7⋯.jpg (20.05 KB, 480x478, 240:239, keks.jpg)



I know it's petty and anti-materialist to wish death on one corporation when its capitalism in general we want to die but holy shit this is good, I hate zuckerberg so fucking much


File: 6f3a02aa790c700⋯.png (31.26 KB, 540x185, 108:37, 1.png)



File: 04e2f6eaeca8c4e⋯.png (39.79 KB, 1144x175, 1144:175, 1.png)

3 billion buyback comin thru


File: bf0818765cda9e2⋯.jpg (302.98 KB, 1080x1848, 45:77, Screenshot_20180726-090240….jpg)

Rip facebook


File: 20d504d290db345⋯.png (55.35 KB, 1271x192, 1271:192, now.png)




Literally 100% tax cut savings.



You guys really need to contextualize these things. It’s not a crisis for the company, nor does it accurately reflect the health of the company. It’s almost guaranteed to recover fully and soar past its previous value because stocks are fake measures.


File: f7c89db377f925d⋯.jpg (89.86 KB, 360x344, 45:43, d57f767b508de65d19abecba85….jpg)


>Yes, it’s stressful times for Elon Musk, and the Tesla Inc. TSLA, -1.07% boss appears increasingly frazzled with each passing day.

>The latest evidence comes courtesy of “Montana Skeptic,” a self-proclaimed investment strategist and Tesla short-seller who writes bearish hot takes on Seeking Alpha and fires jabs in Musk’s direction on Twitter TWTR, -3.09% .

>Actually, make that past tense.

>Montana no longer writes for Seeking Alpha, and he has deleted his Twitter account. Why? He says Musk called the principal of the family office where he’s employed and threatened to sue should the critiques continue.

>“My colleague then spoke with me about the phone call,” Montana explained in his farewell post. “We both agreed that Mr. Musk’s phone call and threatened lawsuit were actions that would tend to involve our employer in matters in which he has had no part. To avoid such a consequence, I offered to immediately cease writing at Seeking Alpha and to deactivate my Twitter account.”


File: 3ee2c773ad9f4c1⋯.jpg (8.06 KB, 225x225, 1:1, images.jpg)


Press S to shit on grave

Press P to piss on name

Press R to rape dead body



Capitalism encourages free speech, gais



>stocks are fake measures

pretty sure Marx said that different stock prices represent the social division of labor.


File: e67ae8b10f1933c⋯.png (220.58 KB, 1280x883, 1280:883, Italeon musk.png)


He persecuted this guy too

Musk is such a thin skinned faggot


expect another big jump in oil prices, Australians just leaked that the US is preparing a bombing campaign against Iran



Salsa, por favor?

Big, if true.



File: 9ca4c1c9eb805a7⋯.gif (18.02 KB, 150x170, 15:17, 1229734612663.gif)



It's less funny and more sad when you realize they are aware of their self-contradictory autism and are just impulsive contrarians


File: 23ebeff28a78504⋯.jpg (495.77 KB, 1080x1845, 24:41, Screenshot_20180726-190010….jpg)

File: f522d38462c508f⋯.jpg (106.69 KB, 1045x335, 209:67, Screenshot_20180726-190023….jpg)

File: cb5ee7f3293c93f⋯.jpg (32.84 KB, 1028x208, 257:52, Screenshot_20180726-190101….jpg)

File: 2f231ad04cbe85f⋯.gif (116.1 KB, 500x300, 5:3, 2f2.gif)

>$120 billion

>$120 billion

>$120 billion

>$120 billion


File: c2aae85a866bd0a⋯.jpg (28.14 KB, 378x434, 27:31, 1433711562602.jpg)

File: aebd6ab21886186⋯.gif (560.09 KB, 367x265, 367:265, super saiyan duck dick.gif)


File: 0c49433852e2db6⋯.jpg (141.84 KB, 1079x539, 1079:539, Screenshot_20180726-221310….jpg)

File: 594190a63b4543b⋯.jpg (76.59 KB, 1060x268, 265:67, Screenshot_20180726-221259….jpg)

File: 4611dae2cd80b17⋯.jpg (25.85 KB, 601x589, 601:589, 4611dae2cd80b17469e0f3c4b7….jpg)


The zuck got cucked



and that's a good thing


File: aef08ee52444bee⋯.png (39.89 KB, 414x489, 138:163, huge features.png)



This is specifically designed to be a shocking number to rile up people like you, who don’t understand its actual significance.



Which is?



It’s not significant. Go to google and search for Facebook stock, then stretch out x axis to 1 year. Then do it 5 years.




>designed to be




It’s obviously the headline writers that are doing the designing.


File: 01e369d8eda1374⋯.jpg (388.3 KB, 1071x1242, 119:138, Screenshot_20180727-084133….jpg)

File: 2fd1e46f7e552ec⋯.jpg (87.41 KB, 1072x321, 1072:321, Screenshot_20180727-084118….jpg)

Gdp growth q2


File: 2593f00b09075e0⋯.png (387.93 KB, 480x494, 240:247, 口winds-rare-karl-marx-pepe….png)

Marx to reason



Piling on more debt will do that. Now wait for Q3 to see it dive back to 2%.


>Analysts now project Amazon to top $1 trillion in market cap, ahead of Apple


File: f6c9e15e5192451⋯.png (69.89 KB, 720x891, 80:99, IMG_20180728_043809.png)

Update: investors being skittish and my hand is reaching towards my dick


File: b2964bd1f6afe80⋯.jpg (54 KB, 898x181, 898:181, Stock buybacks.jpg)

Look at this fresh batch of stock buybacks.


File: 99883ea4de4bb01⋯.png (79.34 KB, 1086x342, 181:57, Screen Shot 2018-07-27 at ….png)

thats a nice shade of red



>34.1% buyback

fuck they're getting desperate


File: e485c7074dad486⋯.png (141.31 KB, 1902x540, 317:90, Screen Shot 2018-07-27 at ….png)

File: 1af1242122daf0c⋯.png (128.92 KB, 1882x532, 941:266, Screen Shot 2018-07-27 at ….png)

File: 8537e160e4caf48⋯.png (137.08 KB, 1894x550, 947:275, Screen Shot 2018-07-27 at ….png)

bezos, zuck, and elon


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File: bb3382adbd84017⋯.png (122.8 KB, 1896x550, 948:275, Screen Shot 2018-07-27 at ….png)

nearly every single major tech company is in the red


Brainlet here, what happens when they run out of stock to buyback?




Qualcomm damn thats the company that runs just about all trucking industry e-logs



The company becomes entirely privately owned by the company and/or its principal owner. It essentially ceases to be a publicly traded company. This isn't necessarily bad normally, although the cost of buying back all shares is enormous and incurs opportunity cost. Since buybacks are essentially just companies giving money for their (now former) shareholders, they can't spend that money on investment.

But what makes these buybacks relevant now is the fact that these massive stock buybacks are the only thing keeping stock prices high. 4.1 growth 2nd quarter should have boosted stocks through the roof but instead, in order to avoid a total collapse, companies are having to buy back their stocks.


File: 5c8ef4c14a21095⋯.png (26.75 KB, 408x463, 408:463, twitter.png)

twitter just ate shit




Qualcomm just lost a 42 billion dollar deal to buy NXR after Beijing blocked it, presumably in retaliation for Qualcomm invoking US executive privilege (literally calling the president and having him step on "national security" grounds on the 11th hour) to prevent a hostile takeover of Broadcomm. So all that money gets directly rerouted into buybacks now.



oof bout fuckin time for that shithole






>tfw programming student

If I just don't try to get hired in Silicon Valley I'll be alright, r-right guys?



First, take a look at all of those companies stocks, second, think about what the health of those companies actually is based on, what their products are, who their customers are, and if they have a good long term strategy to expand and profit. None of them are effected strongly by the whims of investors. This whole thread is a fraud.



Companies like Google and Amazon are pretty strong, but a lot of SV corporations are based on really weak business models.



Dotcom bubble 2.0?



That's what I'm hearing.

Well, from those who aren't ignoring it altogether.



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


I dunno comrade. The stockmarket is really good now, the economy is growing over 4% GDP, unemployment is lowest its been in decades, jobs are coming back to america…I think Drumpf just settled a tariff dispute with the EU, got a good concession so far, tax cuts are increasing investments, people have more money…

sucks, but looks like the average american won't experience famine and chaos yet, so we need a new revolutionary strategy.


File: 559f3b13ed5c7ca⋯.jpg (214.33 KB, 345x336, 115:112, draper.jpg)


>But what makes these buybacks relevant now is the fact that these massive stock buybacks are the only thing keeping stock prices high. 4.1 growth 2nd quarter should have boosted stocks through the roof but instead, in order to avoid a total collapse, companies are having to buy back their stocks.

>Literally a bubble made out of companies essentially paying themselves to prevent the popping of a bubble made through their toadies in the government cutting their fucking taxes and deregulating their markets AGAIN

You know I've been re-reading a lot of introductory Marxist stuff, including a lot of classsic Marx and Engels texts like the Manifesto, the Principles, Wage Labour and Capital and so on, and while they were able obviously to point to trends that are ongoing today due how autistic they were about getting capitalism down to a T, I still wonder how disgusted and even awed they would be to see not only how long it's lasted but what a complete and total farce it has become.

Like, how would Marx even react to capitalist fun on this scale?



you seriously don't know a single fucking thing you're trying to babble about you stupid dipshit



Don't feed the right wing troll. Just wait and collect his tears when his capitalist god collapses for the second time in 10 years.


File: 6e4ad8eb3d7eb52⋯.jpg (8.51 KB, 342x342, 1:1, confused-screaming.jpg)

>Netflix lost 13% since july 13th

>Amazon is starting to dip

>Facebook has lost 20% since july 25th

>apple starting to dip

>intel has lost 8.5%% yesterday

>alphabet stocks down 2.5%

>microsoft stocks down 2.84% since july 25th

>tesla stock down 20% since june 18th

what the fuck is happening in the tech industry. is it because of shitty earning reports? Or the early symptoms of the tech bubble finally collapsing? tbh as much as i want it to be the latter its probably the former


File: 085d25c7f632996⋯.jpg (89.92 KB, 640x932, 160:233, 6487487.jpg)


why do asian people take weird pictures of themself holding pans and pots?



because they are too damn cute


File: d951a0faa803d30⋯.png (1.69 MB, 1078x935, 98:85, k.png)


The tech bubble is popping, this day has come for a long time but the last straw was/is the russian "hacking/collusion" hysteria which is causing liberals to leave FB, Twitter etc en masse because they think they are coopted by Trump and Putin, meanwhile conservatives and /pol/ find themselves getting banned under updated ToSes that censor controversial content. User counts are falling as bots are purged and people walk away, leading to lower ad rates leading to less profit. It all comes down.

YT is another example; following the last school shooting they pulled down most gun videos and forced that crowd onto other platforms meanwhile new EU regulations against "hate speech" causes right wingers to get banned too, while concerns over "extremist" content lead to arabic and non-English videos being automatically purged. All of it is automated too so people just wake up to find their access denied.

Meanwhile, 5G is rolling out and with it rich texting services that AT&T hopes will completely replace social media for most people, which it probably will because since NN is dead they can charge a lower rate for it while charging third parties like FB or Twitter higher data rates. Investors see this coming and smart money is bolting.

>pic unrelated



>it's all automated

>gigantic network of automated censorship and bans

Something about this makes it more frightening than if it were just actual people sitting at desks doing this.



In practice there's not much of a difference since YT's moderators are either random indians in some overseas subcontractor, h1b'd indians that are paid under min wage, or other YT users who typically don't abide by any rules except the ones they make up for themselves. This wouldn't be such a problem if YT/Google had few rules and their business model was based on subscriptions not advertising, as in that case mods would only have to step in to remove DMCA's content and CP. However this isn't the case because YT's system is built into Google's larger (and completely automated) adsense advertising system.

Which is where all the fake news/elsagate stuff happens, since web marketing is totally unregulated and is completely automated meaning nobody is controlling what happens there besides those who can afford lawyers to force a human within Google to give them attention. It's everything Marx described about capitalism.

It's also why YT/Google's empire will fail like AOL's did and how FB/Twitter's are right now. At some point either a small cabal of companies that can afford lawyers (and ads) push everyone else off the service so they can have a monopoly or they sue YT/Google/FB/Twitter etc for DMCA violations when they don't get their way. Meming about Mountain Dew is great for Pepsi until those Memes involve Nazi frogs, in which case it becomes copyright infringement.

And again, the foundation for all this has slipped out with NN dying and 5G rolling out. ISPs own the means of production/services (the internet hardware) and are going to abuse their position to create a new monopoly. Ma Bell lives.




These posts describe a nutso near future but it's also brilliant. Thanks.



Everyone is so titalted with the next big one. You should face the facts. Cell phone usage is at an all time high and is going higher. The younger generation’s technology usage is extreme. People spend more free time than ever on computers. Every single sector of the economy is expanding its compute needs, and every single business increasingly depends on technology products to thrive, much less function.


File: 88be8bc340b7cd8⋯.png (265.28 KB, 944x898, 472:449, evolution-of-the-bell-tele….png)


The hottest irony is that in the end nothing is going to change. AT&T will rebuild their national monopoly, which the government will grant them in exchange for gradual improvement of the telephony system. As applied to the Internet this means all sorts of awful things like AT&T imposing their own standardized login/plugin/user authentication systems on everyone in order to crack down on things the government doesn't like (copyright infringement, drugs, guns, communism, unions, leftwing activism, etc). This will likely give them a huge monopoly over ridesharing, e-payments, marketing and web services in general.

It is all about money, and ultimately the money is with whoever owns the hardware from which software is borne from. Investors are only just starting to pick up on this, especially with a likely 6-3 supreme court that won't enforce antitrust laws.



I have no idea why you think 5G is bad for google, or YouTube, or amazon. It’s their dream. 100x the bandwidth for all internet connected devices. You can’t imagine something more lucrative.


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File: e48cc0654ac1af2⋯.jpg (23.21 KB, 420x552, 35:46, 0z0usbnl31tyvu.jpg)

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Yep, and all of it is going to be part of one system. Just as it was in 1983. Pic related are old Bell ads that, with a few small details changed, could readily serve as mobile phone ads too. It's the same basic concept: connecting people and gouging the fuck out of them in the process. People forget what it was like back when phoning someone across the world actually cost two or three dollars per minute.



You moron. AT&T has none of that. They will never have a monopoly in web services. This like saying Sears is going to defeat amazon. The boat is gone. They will permanently be playing catch-up with established titans and any CEO who suggested it would be fired.



You are completely 100% wrong.


File: 090a8264c7ba954⋯.png (250.27 KB, 640x504, 80:63, neverforget2-640x965.png)


Who owns that bandwidth? The ISP who charges for access. The ISP just so happens to sell their own phones and have their own services which replicate most forms of social media. Why would they ever allow a third party like Google or FB have a level playing field when the law does not require them to do so? Corporations eat each other all the time.

This process already began in 2013 when Obama first let NN die on mobile devices, a stupid decision Google/FB/etc supported because they thought there'd always be enough broadband customers to prevent NN from being used against them. Instead it's total abolition occurred, and with the government now specing their websites/infrastructure around phones and not desktops third party companies stand to get fucked especially if they want to compete against the ISP's own services.



ISPS DO NOT HAVE THOSE SERVICES. They do not even have an OS for cell phones. They have no ecosystem at all.


File: da3f22e3ce1e02c⋯.jpg (31.88 KB, 350x291, 350:291, W2020_1.jpg)


AT&T is not Sears. AT&T owns the basic infrastructure that is the Internet, Sears owns a bunch of retail outlets. There is a huge difference, AT&T has the ability to setup their own e-shop and let people freely use it while forcing them to pay to use Amazon. Customers would have to accept it because there's only 5 major ISPs all of which engage in the same basic business practices. AT&T has consistently profited from the rise of the Internet as demand for their services grows, especially as people dump shopping in real life for shopping online.

AT&T is the titan. Google, FB etc are just third parties that use their system and are just as disposable as AOL is. Amazon itself is just a retail outlet fully reliant on AT&T to operate. The ISP cannot loose unless the government decides to regulate pricing or nationalizes them.


File: 4a5f49bd50ef74d⋯.jpg (675.32 KB, 2560x1920, 4:3, Atandt_unix_pc.jpg)


Not yet. Once 5G rolls out enhanced text services can be the foundation for all of this, as it is in other countries like China or Germany where people can make payments by text. Making the OS is trivial as well, remember that Andriod is a Unix derivative and Unix is an AT&T product. AT&T could easily just buy some factories to make their own phones too, this is trivial as well when they own all the back infrastructure and can subsidize their own products to force adoption.

They own everything already, it's just a matter of cutting out the competition. With a conservative supreme court the remaining barriers to doing this are completely gone.


File: 6f1c33419b3cbb3⋯.gif (1.25 MB, 450x378, 25:21, Koishi Thinks.gif)


So are you saying that porky ultimately wins?

I feel like there is no hope.



Amazon owns the delivery network— that is the infrastructure. They also have all the databases, as do google, who also own the OS— that is infrastructure— and the share with Apple the entire web app ecosystem— that is infrastructure. It’s trillions of dollars of infrastructure that an ISP could never surmount. ISPs will make money from killing NN, they will never replace google or amazon or Apple. Google itself didn’t take a side in NN BECUASE THEY HAVE THEIR OWN INTERNET INFRASTRUCTURE IN GOOGLE FIBER. You are totally wrong about this. Nobody listen to this ,an.



The OS is not trivial! Moving the ecosystem to a different OS is impossible, and in China all payments are done through WeChat or Alipay, which directly contradict your example. Fix off



they win until municipal broadband is setup, which some cities have because back in the late 80s it was setup for public cable TV services



Amazon does not own the delivery network: they use privately owned railways, state-owned highways, and publicly owned ports and airports. Amazon itself owns a handful of 767s that they bought second hand.

>They also have all the databases, as do google, who also own the OS— that is infrastructure— and the share with Apple the entire web app ecosystem— that is infrastructure. It’s trillions of dollars of infrastructure that an ISP could never surmount.

All of this is just data that has to be piped through AT&T's lines. AT&T makes money every time any of these devices has to access the American telecom network, and AT&T now has the ability to arbitrarily change their prices at will as net neutrality is no longer law. Ultimately AT&T can choose to gate them off if they feel like it, there is no law forcing them to do business with Amazon. And then what? Amazon doesn't have the money or legal power to setup a new internet, or a new internet that could interact with AT&T's existing userbase (most of America).

As for Google Fiber, Google largely stopped it because they didn't want to make the investment. Their investors chose bigger dividends over building up the company, and now they're going to be the bitch of an ISP rather than being an ISP.



>Moving the ecosystem to a different OS is impossible

No it isn't. AT&T can just force customers to adopt a new ecosystem. Either they do it or they don't get Internet. Such is the power of a monopoly (or at least an oligopoly). Customers would accept it anyway, since AT&T now has the ability to offer their own ecosystem at a lower price than the competition by simply choosing to charge the competition more to use their network. At the very most people might whine about having to move their baby pictures or apps, but AT&T can offer a migration service to them for a cost as they already do for mobile phones in general.

Third parties (FB, Google, Amazon, Twitter, etc) are powerless to stop it because they need AT&T to exist.



I don't know what kind of Alzheimer's you have but you need to stop posting about politics.


File: fc6851cf58cd066⋯.png (31.34 KB, 547x201, 547:201, 1.png)

File: 195c9ab07e26277⋯.png (29.38 KB, 542x201, 542:201, 2.png)

Asia open, US futures.


File: 50453ada3f11a20⋯.png (29.92 KB, 546x192, 91:32, 1.png)

EU open


File: f18877cf0b85d0d⋯.png (44.14 KB, 500x338, 250:169, pepe cringe.png)

>Donald Trump and European Union officials stepped back from a trade war on Wednesday as they struck a deal to work towards “zero” tariffs, barriers and subsidies.

>The EU also agreed to buy billions of dollars worth of American exports, including soya beans and natural gas, and work to reform international trade rules.

>“So we had a big day, very big,” the US president said in the White House rose garden, standing alongside Jean-Claude Juncker, the European commission president, and proclaiming a “new phase” in US-EU relations.

>“We agreed today, first of all, to work together toward zero tariffs, zero non-tariff barriers and zero subsidies on non-auto industrial goods,” Trump said to applause from several House and Senate members present.

>Both sides agreed that there will be no escalation of the dispute for now and no new tariiffs will be imposed. Trump and Juncker also said they would “resolve” the steel and aluminum tariffs imposed by the US which started the dispute.


Is Trump finally cucking out on the trade war? And wtf does any of this even mean practically? And how will it effect le market


File: 4613105a6c22279⋯.jpg (286.66 KB, 1080x1851, 360:617, Screenshot_20180730-103542….jpg)

Nasdaq not feeling good



>out on the trade war?

But he didnt even said he planned stop trade war with China.

>including soya beans

Europe totally cucked.



That girl is probably in her 30s by now.



Time Warner et al have already taken steps to make municipal broadband not an option, in some states at least.


File: 9cea2174f6f0cab⋯.jpg (275.42 KB, 1080x1848, 45:77, Screenshot_20180730-202456….jpg)

Nikkei is open


File: 2f5b75403b98684⋯.jpg (7.89 KB, 240x210, 8:7, 2f5b75403b9868499cf5ad9fbf….jpg)


>Andriod is a Unix derivative



I think most of the Soy Americans eat is Chinese food or that tangy bbq sauce at mcdonalds and chicfila.


File: 81635ae74371043⋯.png (39.94 KB, 1149x169, 1149:169, 1.png)


new buyback announced



And she’s probably still cute tbh


File: 2c1296deff35312⋯.jpg (125.45 KB, 736x1051, 736:1051, 2c1296deff353127957f250b01….jpg)


It would be weird dating someone 10 years older. But then again it would be hot ten years ago. Damn… I could've gotten fucked by a 20 year old when I am still in elementry school. You're really questioning my life choices here.


File: a23beda700a10dd⋯.png (67.84 KB, 420x500, 21:25, scared.png)

Was reading Socialism: Utopian and Scientific and realized something interesting:

>As a matter of fact, since 1825, when the first general crisis broke out, the whole industrial and commercial world, production and exchange among all civilized peoples and their more or less barbaric hangers-on, are thrown out of joint about once every 10 years. Commerce is at a stand-still, the markets are glutted, products accumulate, as multitudinous as they are unsaleable, hard cash disappears, credit vanishes, factories are closed, the mass of the workers are in want of the means of subsistence, because they have produced too much of the means of subsistence; bankruptcy follows upon bankruptcy, execution upon execution. The stagnation lasts for years; productive forces and products are wasted and destroyed wholesale, until the accumulated mass of commodities finally filter off, more or less depreciated in value, until production and exchange gradually begin to move again. Little by little, the pace quickens. It becomes a trot. The industrial trot breaks into a canter, the canter in turn grows into the headlong gallop of a perfect steeplechase of industry, commercial credit, and speculation, which finally, after breakneck leaps, ends where it began — in the ditch of a crisis.

>mfw its been almost ten years exactly since the 08 crash really got going

>mfw things are slowly but surely starting to slow down

>mfw the only thing holding up the stock market right now are buybacks that are becoming more and more worthless

I-is it really about to happen comrades?



The thing you haven't realized friend is that it never stopped happening from 2008



My last girlfriend was 12 years older than me and it was pretty great.



This. The era of "austerity politics" is just one expression of this ongoing crisis. "Is it about to happen" is mistaken, as "it" is already here.


File: 003f37183175ad1⋯.png (76.01 KB, 631x802, 631:802, butts.png)



how the fuck can that even happen?



guess people really fell for that "software will fix it" and are buying those i9 pieces of shit



File: b5cce4bbbda3f08⋯.png (41.63 KB, 955x330, 191:66, woops.png)


I guess it's not.


You'be been doing this thread since February and literally nothing happened


File: f60c07faf846045⋯.png (23.24 KB, 520x318, 260:159, dija-2008_weekly.png)


>be anon in august 2008

>n-nothing's going on g-guys!



You're bound to get it right one day. Tbh even if it does crash all the big capitalists will just buy stocks at cheaper prices and the middle income people will be cucked but nobody will care and things will go on as usual



What, do you think it's just communists that are predicting an imminent market disaster/collapse?



Mcdonalds "meat" is like 60% soy



there is an entire industry designed to scare the shit out of people and scam them into buying gold and shit. Also inb4 it happens like you want and communists don't do shit again and the entire thing becomes an occupy wall street tier shitfest



Have fun in your land of make believe then, faggot.



Don't care virgin


File: 06568536ea09d7f⋯.png (503.3 KB, 200x600, 1:3, increasingly angry.png)


>A new report finds that big companies could have given their workers thousands of dollars’ worth of raises with the money they spent on their own shares.

Off to a great start.


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File: 42e73676fae17fa⋯.gif (1.95 MB, 175x152, 175:152, gold.gif)


File: c8ac22fcd7abf3a⋯.png (9.64 KB, 514x435, 514:435, 1520713775375.png)



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Interesting times ahead.

Eu, Asia ongoing. US futures.



>Bank of England raises interest rates to highest since 2009, at 0.75%

We're gonna see some carnage today lads.



Anyone here wanna tell me why this is happening?


File: 47956c4154e43e9⋯.jpg (268.89 KB, 1080x1848, 45:77, Screenshot_20180802-093632….jpg)




It's the internal contradictions of capitalism I mean the jooz.


File: bd74390f548c231⋯.png (50.24 KB, 1150x231, 1150:231, 1.png)

more buybacks




So central banks need to put up interest rates to prevent inflation but this has a chance of triggering a debt bubble.


File: 651debd912c52ca⋯.png (57.21 KB, 951x277, 951:277, Screenshot 2018-08-02 14.3….png)

Dow update fuck porky's got some damn good buyback game


File: 081551e0b3eabec⋯.jpg (310.43 KB, 1080x1848, 45:77, Screenshot_20180802-170147….jpg)

Ding ding dow is closed



NASDAQ is climbing though. So the only that actually did anything was Apple, Microsoft and Alphabet?



Id assume much


File: 6c63d577e2ee7c9⋯.jpg (173.07 KB, 1080x636, 90:53, Screenshot_20180802-170956….jpg)

Apple is a trillion dollar company now


File: 16239ea6faa92ea⋯.jpg (615.2 KB, 1080x1920, 9:16, Screenshot_20180802-170748….jpg)


the main reason they hit the trillion mark



article in question




What does it mean that it brought its own stock? I'm a brainlet here. Does it mean it will crash hard later?



Yes. In short, companies take out debt to buyback stock, hoping they can sell it higher later. As interest rates go up this becomes massively more expensive.


File: ed3631617537cc4⋯.webm (7.13 MB, 640x360, 16:9, 1484371573001.webm)


So a company puts out X amount of stocks or shares for investors to buy. In theory, the more there are to buy, the lower the price, and vice versa.



said, companies have been taking out loans or dipping into their cash reserves in order to buy up their own stock, to the tune of millions or billions of dollars worth. This drives up the price of that stock, not only because there is less of it, but because its perceived value increases through it being bought and sold.

Similar to GDP, it gets its value not from any kind of objective valuation, but from its perceived value. If in your country you have a corporation making Whatsits and charging 1 dollar a pop for it, if you instead charge 2 dollars a pop, the GDP will see a proportional increase in production despite there being no material difference between these $1 and $2 Whatsits.

For corporations, stock purchases have a similar effect. Buying up stocks make those stocks more valuable, which makes the company more valuable. In effect, its a way for corporations to create the appearance of a thriving and expanding company despite it not necessarily being true. This has been a major driver of the economy since 2008 as the Federal Reserve has been pumping it month after month, year after year, with low or zero interest loans. These companies have been taking this money and inflating their success, whether or not they've actually been expanding, or producing more, or gaining more sales or profitability.

This used to be illegal until the Reagan administration for exactly that reason. It creates the illusion of growth without the uncomfortable necessity of actual growth. It distorts the actual appreciation of market value, discoupling it from a company's actual performance. This hasn't been so much of a problem until recently for myriad reasons, but in the last decade it's become a serious factor for the stock market. Despite there being little to no actual growth, and until very recently an actual decline in productivity and productive forces, the overall valuation of the stock market has risen pretty much unimpeded year after year.

In theory, yeah, it does portend a harder crash at some point. The common thread of market failures from the 20th century until now is that market distortions have compounding effects, with production outstripping consumption. Because everything receives its value in relation or comparison to everything else, these distortionate forces can spread throughout the economy, creating bubbles, bull markets, etc, based on nothing but the appearance of profitability.

Ideally, this is when you have "corrections" where the market reorients itself with more reasonable valuations. Some money is lost, but overall things continue right along. A more serious "correction" would be a recession, and a "worst case scenario" becoming a depression, where the market just comes to a halt because of the glut of produce.

Or that's been the norm until now. There really isn't telling what will happen when the bottom drops out of this thing, although its pretty safe to say that it's going to be very, very bad.



>Similar to GDP, it gets its value not from any kind of objective valuation, but from its perceived value

false, GDP is a measurement of real economic data, it's just misinterpreted



File: 241759fb0d80e06⋯.jpg (136.75 KB, 708x864, 59:72, man eating some really awe….jpg)


I don't think I'm mistaken, but thank you. I'll read your link and hopefully if I'm wrong it'll correct me.



Cashing out casino, simultaneously jacking up the price.


Seems like lackluster activity in the Asian markets tonight.


File: 78110052d6826ec⋯.png (37.23 KB, 643x537, 643:537, wtfDow.PNG)

Um, what the fuck is happening?


File: b49387432a224b8⋯.png (35.65 KB, 641x441, 641:441, Capture.PNG)


I have no clue.



I think it's just something wrong with the google ticker?


Which would be worse, a recession or stagflation?




Stagflation is bad but its fairly easy to get out of

A recession/depression is literally like falling in a giant canyon


I really want to see deflation at least once before I die.




the new 9/11 is being prepared


File: 8d7bb861b361649⋯.png (103.8 KB, 668x534, 334:267, 1.png)


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more buybacks


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EU start, US futures.



So much longer can they keep buying back until there is nothing to buy back.




the bigger the bubble the louder the pop


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That's some of the most fucking desperate shit holy fuck



Fuck me


File: 614cf62c42eaf8f⋯.jpg (141.2 KB, 480x563, 480:563, Laughing_Marx.jpg)

>post yfw capitalism will end in your lifetime


File: 8e7675d9f572cc9⋯.jpg (121.68 KB, 500x492, 125:123, lmao.jpg)


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File: 402192a9970d4de⋯.gif (1.01 MB, 250x250, 1:1, techno viking.gif)


File: 93e8676d3a21f6c⋯.gif (556.57 KB, 400x400, 1:1, large_rat_AAAAAAAAAA.gif)


>mfw capitalism will end and so will we


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are capibaras actually existing socialism?




Don't worry. The ayy lmaos will enlighten the remnants of humanity and heighten our class consciousness.








File: 9024c8162936a0a⋯.png (108.28 KB, 799x542, 799:542, woops.png)

They even post this graph then say nothing about the obviousness of it.


Lira has entered freefall and other emerging markets taking a beating since the US doubled sanctions and tariffs on Turkey


File: 59c0c7326db9621⋯.png (115.71 KB, 244x250, 122:125, clap.png)


>investors concerns have turned in recent days to the health of Turkish banks.

>The Financial Times reported that the European Central Bank is concerned about eurozone banks' exposure to Turkey because of the tanking lira. The ECB declined to comment.

>Data from the Bank for International Settlements show eurozone banks have loans worth over $150 billion in Turkey. Spanish, French and Italian banks are the most exposed.

>Shares in some of Europe's biggest banks were hard hit on Friday. Italy's UniCredit (UNCFF) shed 5.6% and Spanish lender BBVA (BFR) dropped 5.5%. France's BNP Paribas (BNPQF) was off by 4.3% and Deutsche Bank (DB) fell 5.3%.

>The euro was trading 0.9% lower against the dollar on Friday.

>The Turkish economy has expanded rapidly this year compared with 2017. But its growth in recent years has been fueled by construction financed largely by foreign investors.

>Investors worry about the country's ability to bring in money during tough times to pay off its debts.

>"The decline in the Turkish Lira and rising borrowing costs cause a big headache for many Turkish companies, as they have borrowed in foreign currency despite receiving revenues in local currency," Hesse said.


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Cost to insure Turkish debt spikes as Turkey teeters on brink of currency crisis

>Credit default swaps–the cost to insure debt–on Turkey have spiked on Friday as the country's financial woes spooked global investors. The spread on 5-year credit default swaps on Turkey widened to 450 from 378 on Thursday, according to data from IHS Markit. A CDS spread of 450 means it would cost $450,000 annually to insure $10 million in debt against default for five years. Gavan Nolan, a director at IHS Markit, said Turkey's sovereign debt has been under pressure for some time given the lack of confidence in how President Recep Erdoga's government is handling the economy. The missteps have led to double-digit inflation and an ailing currency. The Turkish lira slumped to a record low against the U.S. dollar with the greenback buying 6.505 lira versus 5.550 in the previous session.




So just how bad will this fuck the EU


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Love Fridays like this



well, supreme roach here will probably push another 50 thousand syrians over the border unless Germany offers him economic aid, which won't end to pretty.


Is this THE beginning?


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I am not ready.



>that Sanic buyback

Lads, just how much of Sonic's stocks belongs to the "public" by now?



This prolly wont be THE BIG ONE but it will be a pretty bad first step in that direction



You're right, if it happens in the near future, it would probably be around Q1 2019, after the fed rises the interest rate in December, a probable escalation in the trade war against China and a possible military intervention in Iran that would send oil prices flying.

The other thing to look out for is a currency crisis in Argentina, Turkey and South Africa, a big hike in crude oil prices would be catastrophic to those countries.

See : https://thenextrecession.wordpress.com/2018/08/03/a-new-global-credit-crunch-to-come/


>Trump was serious about banning foreign cars and putting a 25% tariff on them

Auto industry crash soon


>Two automotive trade groups on Friday raised “significant concerns” over the U.S. government’s request for confidential business information as it probes whether automotive imports pose a national security risk

>The survey says companies that do not comply could face fines or criminal charges.



i smellz desperation



Holy shit I am



This is either the best or most long-lived thread I can remember here. Bampu



The american election thread that became american politics lasted for a good long while before it died


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more buybacks


File: 03870376c43d04e⋯.jpg (6.78 KB, 172x232, 43:58, 1454035390336.jpg)


>2 billion buyback


File: eb966da28a5659b⋯.png (84.94 KB, 1088x386, 544:193, Screen Shot 2018-08-11 at ….png)

shitcoins are plummeting


File: 731dae77b0b38ff⋯.webm (3.86 MB, 640x360, 16:9, 1401411217992.webm)


>get $1.6 trillion dollar tax cut

>spend $1 trillion on buybacks

>only top 200 companies turned a profit

>it's only due to the tax cut

This is what a hollow economy looks like.


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don't forget M&A and dividends


File: cc14ea290600fa2⋯.jpg (133.18 KB, 425x600, 17:24, 1185981193079.jpg)

>nikkei down over 300 points



Merely a setback i'll just buy more kirring baitsu figurines to pump the market


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Status of the DOW.

Looks like the turkish crisis isn't affecting that much to the american markets, nonetheless, it's too soon to say that the DOW will resist the turkish crisis, so we will observe during this week, since it could go down in any moment.


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Looking good


"One of the world’s largest bond trading companies, Pimco, has warned that the Turkish crisis is the outcome of a shift in the global financial environment resulting from the increase in US interest rates by the Federal Reserve and the winding down of its holdings of financial assets.

The increase in interest rates heavily impacts on countries, like Turkey, that took out dollar-denominated loans when they were low. As US interest rates and the dollar start to rise, the cost of servicing those loans increases, raising the prospect of bankruptcy for borrowers.

Turkey has been a major borrower on international markets with a total foreign debt of $467 billion"

"The European Central Bank has put on watch major European banks that are heavily exposed to Turkish debt. They include Spain’s BBVA, which has lent Turkey $83.3 billion, Italy’s Unii Credit, $38.4 billion, and France’s BNP Paribas, $17 billion."




Italian banks were teetering on insolvency a year or two ago, weren't they?



Yes, they had to get bailed out by the Italian gov which put the country into more debt. Now that interest rates are rising we might begin to witness a collapse of debt ridden European countries like Italy soon.



Is Erdogan trying to destroy global capitalism?



Erdogan is not the one putting tariffs, Trump is.


File: 0aaf86a8a33c43d⋯.png (293.43 KB, 519x467, 519:467, ue4.png)








w-why did everything destabilize all together


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ok what the fuck is going on with oil


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>Turkey's central bank announced a series of measures on Monday to free up cash for banks as the country grapples with a currency crisis sparked by concerns over President Recep Tayyip Erdogan's economic policies and a trade and diplomatic dispute with the United States. The Turkish lira has nosedived over the past week and tumbled another 7 percent on Monday as the central bank's measures failed to restore investor confidence.

>Asian stock prices sank on Monday as Turkey's financial turmoil fueled fears of contagion in other emerging markets. On Wall Street, investors have responded to Turkey jitters by selling equities and buying government bonds.

>The dollar strengthened as traders dumped Turkish lira. Major exporters including technology, basic materials and industrial companies sank. The Standard & Poor's 500 index slid 0.7 percent to 2,833.28, ending a five-week winning streak. The Nasdaq composite broke an eight-day rising trend and sank 0.7 percent to 7,839.11.

>Investors question whether Erdogan's government can cope with the plunging currency, the diplomatic spat with Washington and other problems. Erdogan has accumulated more and more control over Turkey's financial system and central bank.

>"Turkey's financial crisis has taken center stage, displacing trade wars as the immediate concern," said analyst Eugene Leow of DBS Group said in a report. Worries are building that "this may lead to contagion" across emerging markets, said Leow. "We fail to see how the crisis can be resolved without external support," but an International Monetary Fund support package will be difficult "given Turkey's current political situation."

>The lira has dropped some 45 percent this year.



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Alright, so now that we are on the verge of another major financial crash, how should we as the left respond to this? We really failed to capitalize on 2008, and we can't afford to fail this time around. How are we to build a real communist movement once the crash hits?


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Steadily going down!



Saudi dogs have been threatening to dump more… but I think they're at full capactiy already.


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>Alright, so now that we are on the verge of another major financial crash, how should we as the left respond to this? We really failed to capitalize on 2008, and we can't afford to fail this time around. How are we to build a real communist movement once the crash hits?

It's gonna have to be done pragmatically on a country-by-county basis. For instance in the US most antiestablishment sentiment from the Left has already been successfully funneled back into the Democratic Party and the remainder has mostly been funneled into the more radical elements of the D/SA who, while being bretty good, are impotent as fuck within the larger framework of the org. So in the USA you probably aren't going to build "real gommunism" any time soon. Not saying to give up or to vote for Social Democrats just that you might have to focus more on building local networks of soildarity and doing small actions like fixing poor people's cars and stuff to promote socialism rather than making a mass movement happen all at once.

Now in the UK the Labour Party has returned to its Leftist roots and many of its politicians are legitimate socialists now so it might behoove a British comrade to get active in Labour and help keep it and push it even further left etc

Just analyze the situation of your country and try to think of practical actions you or your org can take that will help build the biggest base of support. Trying to go for the throat all at once everywhere or trying to do some abstract idealist bullshit like another Occupy will both fail imo



By voting for social Democrats like Bernie Sanders, ocasio Cortez and Jeremy Corbyn! Incremental reforms weaker than the new deal era will solve all our problems! And you can call yourself a socialist and be cool!





File: 559f3b13ed5c7ca⋯.jpg (214.33 KB, 345x336, 115:112, draper.jpg)


>doing practical actions to get workers on our side is opportunism




You forgot your flag


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>Indeed, the single currency sank to a one-year trough against the Swiss franc (EURCHF=) in early trade around 1.1300 francs, while hitting a 10-week low on the yen around 125.45 (EURJPY=).

>Against the U.S. dollar, the euro touched its lowest since July 2017 at $1.13715 (EUR=D3). It was last at $1.1392 and still a long way from last week's top at $1.1628. The dollar eased against the safe haven yen to 110.69 (JPY=).

>The Argentine peso and South African rand were also caught in the crossfire.

>"Contagion risks center on Spanish, Italian and French banks exposed to Turkish foreign currency debt, as well as Argentina and South Africa," warned analysts at ANZ.

>"Turkey's massive pile of corporate debt denominated in foreign currencies, but a rapidly sliding currency – and inflation that's threatening to go exponential – is a toxic combination."

>In commodity markets, gold had found little in the way of safety flows and was last a shade firmer at $1,212.52 an ounce (XAU=).

>Oil prices were mixed with Brent off 11 cents at $72.70 a barrel (LCc1), while U.S. crude was flat at $67.63 (CLc1).


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I wouldn't say the left failed to capitalize the last crash, several movements and organizations sprung up as a consequence. Yes, they didn't achieve much concrete progress back then, there wasn't enough public momentum to do much more than that due to societal passivity and acceptance. Half of the momentum was leeched by that liberal false hope that was Obama, which I doubt will work this time around.

I'd still say back then was laid the foundation for grander action this time. After all, the last mess is still in recent memory and the animosity towards the ones behind it still exists. Many can still trace back current troubles to those moments, and left-wing issues have become more comonplace than before.

One could say 2007 woke up the masses to the issues of capitalism, a deep slumber they sank into after 1991 and 2001. I'd strongly speculate people won't take the burden of future suffering like they did before.

Hell, I'd say the responsibility of the left is now to rally these feelings, these well-brewed annoyances, and reap what was sown a decade ago.

This is the duty haha, spook of the left, as the right time to capitalize on the last mess is approaching.



>Turkey's central bank announced a series of measures on Monday to free up cash for banks

So their plan is to try and borrow their way out of this crisis. That's only going to exacerbate the problem, won't it? If they're paying their debts in lira which has sunk by almost half, won't they have to issue twice as much to try and make up the difference, pushing the value down even more?



Hyperinflation coming to turkey soon!



>have pretty high inflation for a while now

>Turkish national bank raises the interest rates a bit to get it under control

>Turkish leader Erdogan flips his shit, high interest rates mean less growth, he wants growth no matter the cost

>plan to hold early elections to get more power and intervene more in currency policy afterwards

>plan works

>have a lot of private and public debt in foreign currency loans

>foreign investors worried

>state publicly that high interest rates are a conspiracy of Jews and the West to wage economic war on Turkey

>inflation increases even more

>foreign investors now very worried and not assured at all

>imprison US pastor you think has something to do with the coup attempt 2 years ago

>Trump makes ONE tweet and doubles tariffs

>Turkish Lira experiences massive loss in value

>inflation about to go super saiyan

>still don't raise interest rates

>have angry autistic fit about leaving NATO and such

>Goldman Sachs calculates that if 1 US-Dollar equals 7.1 Turkish Lira it would erode all of Turkey's banks' excess capital.

>Turkish lira around 7.0 right now

→ you are now here



>Goldman Sachs calculates that if 1 US-Dollar equals 7.1 Turkish Lira it would erode all of Turkey's banks' excess capital.

el sorco por favor




The Nasdaq and S&P 500 jumped up at the same, time, too. I wonder what happened.


File: 22c8d273a23920c⋯.mp4 (2.08 MB, 406x720, 203:360, the wailing of the damned.mp4)

>marketwatch allows you to attach images to comments


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US; Asia; EU; Crypto.




I have a question, when can we leave this wild ride?






Whenever humanity finally kills itself off. At this rate, it won't be too long now.



>Goldman Sachs calculates that if 1 US-Dollar equals 7.1 Turkish Lira it would erode all of Turkey's banks' excess capital.

What do you mean by excess capital and what happens once it's eroded.



Excess capital is the surplus you have with assets minus liabilities, cash the company has that isn't being allocated to any current purpose. Since the value of the lira is falling compared to the dollar amount they borrowed, they're going to have to pay out more capital to pay up the difference. Once the excess is gone, they'll start eating into their regular operating capital unless they get some kind of cash infusion. Essentially these banks or companies start eating themselves to pay off their liabilities.


Are we all in for any black Monday/Tuesday / idc these weeks to come?


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It's too soon to tell. There are a number of things that could happen, or not happen. One article said that Turkey flatly rejected going to the IMF for help (no wonder, considering). It did say that Turkey's Central Bank was going to do whatever it takes to ensure liquidity. What that entails I can only speculate. If they don't come up with some way to stymie inflation though it could lead not only to disastrous consequences for Turkey's economy, but vulnerable banks possessing Turkish assets. So, if Turkish banks start to fail, it could start a domino effect that brings everything else down with it.

Also Nikkei at the moment.


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File: 15836e2d28523e5⋯.png (57.95 KB, 957x364, 957:364, 2.png)

Turkish lira devaluation and Turkish stock index.



Venezuela 2.0?



Er dog an literally said that they needed Gods help or something like that they probably going into a civil war since one of the commie parties there has armed militia I think


File: 0c77d537db3b32d⋯.png (127.97 KB, 1268x614, 634:307, djia.png)

Aaaand we're off


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Crap. This


Was meant for this




In Spain too I mean it's great that all socdems sprang up during that time cause now people will realize how shit they actually are and will start thinking of some more serious action

I think our responsibility is to read enough and all that to educate ourselves first to know what and how to do and organise a revolution and then educate more people in our surroundings too(and I mean it as in making these people able to help organising a revolution) and then just start organising manifestations, always be there with the workers (cause there sure will be a lot of strikes etc) until we organise enough people around each ones state for actual revolution



Turkey raises tariffs on some US imports in response to economic 'attacks'


Russia proposes deal with Turkey to ditch US dollar for lira-ruble trade amid currency crisis




You just know that the Eternal Anglo is gonna put in another Franco sooner than let you guys go Commie


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today should be interesting


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How many more times can this shit happen and porky delays a full crash by stock buybacks/leverage etc before the clock runs out


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Well, from a superficial examination we're no longer in the growth period and have entered a period of consolidation. It's possible it will continue until all the 'excess capital' within the system is consolidated into private hands, either in a single family (Waltons, etc) or corporation (Disney, etc). All things being equal though I think it could continue until there's simply nothing left for them to buy, or capital with which to buy, whatever comes first. I'm hardly an expert though.



It will end once interest rates rise too high. In short all these buybacks are financed by loads of debt, that is paid-off when they resell the stocks. Since the stocks aren't reselling, they are filling a diesel with increasing amounts of petrol to keep the engine running, hoping the remaining diesel will combust it. Sooner or later the whole engine will be full of petrol and it just won't work. That is coming soon, in both the UK and the US inflation is rising rapidly due to high employment; and in the US' case overheating. To combat this they need to raise inflation to a) reduce inflation and b) slow down growth through restricting credit. However this will cause all the loans that these companies took to become really unaffordable. The best case scenario (for porky) is that the buybacks stop, there is a stock crash that they recover like they did in 2016. The worst case is that loads of NASDAQ and DOW JONES 250 companies go bankrupt: thus triggering a colossal 2008 tier crisis. Likely result will be in the middle, but even then that could spark a large scale recession. Now when will this happen? Likely late September when the FED gets Q3 results and decides it has to put up interest rates lest it risks an inflation shock AND the collapse of an overheating economy.


File: 4c2953bc8d0308d⋯.png (45.79 KB, 959x328, 959:328, 649647896.png)

Looking good



It just keeps tumbling down tumbling down tumbling down


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more buybacks


>nearly eight solid months of IT'S JUST A CORRECTION

can someone post an appropriately disparaging/condescending reaction image? I'm not at my home pc atm


File: d55a9fd1c3fee16⋯.jpg (96.42 KB, 696x588, 58:49, 16.jpg)


Does this do?


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Great, as if my dick wasn't hard enough from the rest of this thread.


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File: bb38493d4753aed⋯.webm (743.94 KB, 640x360, 16:9, what's the meaning of thi….webm)

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the fucks the meaning of this shit



Pure speculation, but I would guess that the mass closing and bankruptcies experienced by other retail chains is funneling purchases into the diminishing amount of existing retailers. The shuttering of major competitors like Toys R Us brings more sales Walmart's way, increasing their gross numbers.


According to MW though, Walmart's net income is down almost 30% from four years ago.


What happened with tesla



I think the rat started making shit up about tesla and spacex on twitter, and he also had some autism outbrakes.



He said that he was going to take the company private, apparently telling twitter first before informing any of his investors, partners, or shareholders.


File: 696b6c654247a90⋯.jpg (26.71 KB, 343x295, 343:295, ryu.jpg)

>tfw shadowbanned on marketwatch

so what are some good disposable email services



>the rat




>He said that he was going to take the company private

To translate this into the language of the currently brewing crisis: 100% buyback.



The fuck you do?



Repeated overt calls for the deaths of the bourgeoisie.





>To translate this into the language of the currently brewing crisis: 100% buyback.

<Also what the fuck


File: 780267501f3fa18⋯.jpg (Spoiler Image, 298.31 KB, 600x600, 1:1, 50a784275339738b6c760d2bb7….jpg)



>The Turkish lira is in total meltdown. It has lost 40% of its value against the dollar in the last six months and fell nearly 20% in the last week. The turkeys have come home to roost on the country’s economy and the erratic economic policy of its autocratic (recently re-elected) leader, Recep Tayyip Erdogan.

>What triggered the crisis was when the US imposed asset freezes on Abdulhamit Gul, Turkey’s justice minister, and Suleyman Soylu, interior minister, for their alleged roles in the detention of Andrew Brunson, an American pastor. Mr Brunson, who ran a small church in Turkey for two decades before he was arrested in October 2016, is accused of participating in a conspiracy to topple Mr Erdogan. The pastor has described the charges as “slander”. His detention is just one of a number of disagreements between Turkey and the US that range over divergent stances on Syria to the delivery of US arms.

>Then on Friday, Wilbur Ross, US commerce secretary, said the US would double the tariff on imports of Turkish steel to 50 per cent, because the previous level of 25 per cent had not been enough to sufficiently reduce Turkish exports to the US. “Doubling the tariff on imports of steel from Turkey will further reduce these imports that the [commerce] department found threaten to impair national security,” said Ross.

>That was the trigger but it was not the revolver that now is pointed at the head of Turkey’s economy. That was the fast deteriorating economic situation. After the botched attempted military coup against him in 2016, Erdogan launched a credit boom to boost the economy while locking up thousands and sacking even more from their jobs in academic and government positions. He insisted on keeping interest rates low and blocked any action to curb fast-rising inflation by Turkey’s central bank, describing interest rates as “the mother and father of all evil”.

>Turkey’s capitalist economy could not handle this, just at a time that the US dollar strengthened after the US Federal Reserve began to raise US interest rates. The problem for Turkey, a country without energy resources and only its human expertise and cheap labour to sell is that the vast majority of the funding for industrial development, construction and real estate comes from abroad: American and European investors. Turkey’s citizens and companies borrow significantly in dollars and euros.

>The apparently fast economic growth of the last two years was built on turkey legs (credit and foreign borrowing) while imports flooded into the economy not matched by exports and the profitability of Turkish capital fell sharply. The rise of the dollar and interest rates globally brought an end to the party and has exposed Erdogan to the realities of global capitalism.



>Turkey banks and corporations are now in dire trouble. Turkey’s non-financial companies’ foreign currency liabilities now outstrip their foreign exchange assets by more than $200bn.

>The country’s banks and corporations have billions of dollars of hard-currency debt coming due. Turkey’s banks are scheduled to repay $51bn over the next year, while the remaining $18.5bn sits on non-financial corporate balance sheets. These bills are coming due at a time when corporate indebtedness sits at 62 per cent of GDP, half of which is denominated in foreign currencies (dollars and euros, mostly).

>Foreign investors are now worried that Turkey will not be able to finance this. Relative to its short-term external debt, Turkey’s FX reserves have declined to new lows.

>So capital has fled the country and the lira has tumbled.

>Now the extra worry for global capital is that if Turkey’s banks and corporations start defaulting on their debt servicing, then European banks could suffer significant losses on their own balance sheets – what markets call ‘contagion’, the spreading of losses and default internationally. Some of Turkey’s banks are foreign-owned and the biggest lenders to Turkey are Spain’s BBVA, Italy’s UniCredit and France’s BNP Paribas.

>Turkey’s banks appear to have plenty of reserves and loans to Turkey are just a small part of total loans made by these foreign banks. But even ‘marginal’ losses can sometimes be a tipping point when profits are tight. And bad debts in the banks have already been rising (% of debt that is ‘bad’ graph below)

>How can Erdogan get out of this currency crash? The capitalist solution is to hike interest rates to an astronomical height so that further borrowing is stopped. Then the government should dramatically cut government spending and raise taxes (ie fiscal austerity) and use the ‘savings’ to bolster the banks and meet foreign debt repayments. Turkey should also turn to the IMF for a loan – Greek style. Under IMF rules, it could borrow up to $28bn to fund future debt repayments but then be subject to the dictats of IMF austerity measures. This capitalist solution means an outright slump in the Turkish economy, hitting its citizens hard and seriously damaging Erdogan’s support in the country.

>The government could introduce capital controls and block any money leaving the country. But this would mean that foreign lenders would just stop lending, driving the economy into a slump anyway. Or Erdogan could try to get funding from Russia, China or Saudi Arabia (as Pakistan has just done). Unfortunately, he is on bad terms with all these countries. Erdogan is resisting all these options so far, telling his supporters to ‘trust in God’ and him.

>The bigger issue is the growing emerging market debt crisis. This is what I said in May after Turkey’s general election. “Rising global interest rates and the growing trade war initiated by US President Trump are going to hit the so-called emerging capitalist economies like Turkey. The cost of borrowing in foreign currency will rise sharply and foreign investment is likely to reverse…..Turkey is now near the top of the pile for a debt crisis, along with Argentina (already there), Ukraine and South Africa.”

>So there’s more to come.




What implications does this have for Syria and Erdogan's neo-Ottoman ambitions?



If he can't secure financing for his country's debt he won't be able to afford an ottoman from kohl's much less a neo-Ottoman empire.


Is Tesla supposed to like die tomorrow or something?

Or since it will Go füll private it wont matter?


How are markets opening Up?



Futures are up a modest amount, so when the US market opens it'll probably be up a few points too.


File: 568b13ed4aff6c9⋯.png (74.72 KB, 240x209, 240:209, 1.png)

10 out of 10 bourgeois agree: the world is better than stupid proles make it out to be!



File: ec1df120503825c⋯.png (258.19 KB, 500x494, 250:247, 1458963214825.png)

>tfw just read the replies to some of Elon's tweets

the human race deserves nothing but pain and suffering and i hope we'll go extinct soon


File: 29e442caa29bb19⋯.gif (993.32 KB, 924x507, 308:169, 1490584315621.gif)

I hope it all crashes to the ground and we get WWIII. I'm so tired. I just want it to be over.

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