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The Something Sensitive Forums => 21 Trump Salute => Topic started by: The Watcher on March 17, 2017, 12:16:25 PM

Title: The Next Bigger Recession That Every is Talking About
Post by: The Watcher on March 17, 2017, 12:16:25 PM
The First Law of Economists: For every economist, there exists an equal and opposite economist.
The Second Law of Economists: They’re both wrong.

Suddenly everyone is talking about another economic dip. Personally I think most doomsday preppers are getting fatigued on waiting. So what's your $.02? Is this one real or another Econ magician talking nonsense?
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: InsideOutside on March 17, 2017, 12:23:30 PM
oh theres a very real one lurking out there

commercial real estate is in the shitter and only getting worse. how bad is it? wall street is using the same shorting instruments they used in 2008 to get rich off mortgage defaults to bet that retail space will default. the few retailers that are actually profitable are going straight into the shitter if suddenly the strip malls and outparcels they occupy are now in ownership limbo with nobody doing maintenance, security, etc.

enjoy the next bubble bursting, peasants

tl;dr links below for those interested

https://www.bloomberg.com/news/articles/2017-03-13/wall-street-has-found-its-next-big-short-in-u-s-credit-market

http://news.morningstar.com/all/dow-jones/retail/201703073449/short-sellers-target-mall-reits.aspx



Title: Re: The Next Bigger Recession That Every is Talking About
Post by: PUSSY CANCER on March 17, 2017, 12:26:36 PM
What would be the catalyst?  Where is the "chain of payments" supposed to break down?
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: InsideOutside on March 17, 2017, 12:32:18 PM
What would be the catalyst?  Where is the "chain of payments" supposed to break down?

oh gee i dont know maybe something like sears, jc penny, and macys eliminating hundreds of anchor stores on their spiral towards bankruptcy OH WAIT

:happening:

http://www.cnbc.com/2017/03/17/jc-penney-says-which-stores-it-will-close.html

http://www.al.com/news/index.ssf/2017/02/macys_closing_34_additional_lo.html

http://www.businessinsider.com/sears-hints-at-more-store-closures-2017-3




Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Luckpfeifengesicht on March 17, 2017, 01:17:55 PM
So what's your $.02?

Depends. Is my 2˘ before or after the recession hits?
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: are we dead yet on March 17, 2017, 01:41:13 PM
Apparently (((they're))) already figuring in the next bailout into their calculations for the future, lel here we go again
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: a torrent of piss on March 17, 2017, 01:44:38 PM
This will kill Gamestop.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: PUSSY CANCER on March 17, 2017, 02:29:03 PM
What would be the catalyst?  Where is the "chain of payments" supposed to break down?

oh gee i dont know maybe something like sears, jc penny, and macys eliminating hundreds of anchor stores on their spiral towards bankruptcy OH WAIT

:happening:

http://www.cnbc.com/2017/03/17/jc-penney-says-which-stores-it-will-close.html

http://www.al.com/news/index.ssf/2017/02/macys_closing_34_additional_lo.html

http://www.businessinsider.com/sears-hints-at-more-store-closures-2017-3

lol at thinking this is going to cause a massive recession/depression. 
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: InsideOutside on March 17, 2017, 02:47:23 PM
What would be the catalyst?  Where is the "chain of payments" supposed to break down?

oh gee i dont know maybe something like sears, jc penny, and macys eliminating hundreds of anchor stores on their spiral towards bankruptcy OH WAIT

:happening:

http://www.cnbc.com/2017/03/17/jc-penney-says-which-stores-it-will-close.html

http://www.al.com/news/index.ssf/2017/02/macys_closing_34_additional_lo.html

http://www.businessinsider.com/sears-hints-at-more-store-closures-2017-3

lol at thinking this is going to cause a massive recession/depression.

tally up every single retail shitty slightly above minimum wage hourly job and every barely at median income salaried job that happen in strip malls and regular malls. theyre all going away if the big three anchors all go under in close succession.

im sure hundreds of thousands of people with a high school education will be able to find equivalent jobs in the manufacturing, service, tech and medical industries

Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Hollywood Shabat Goy Yaro on March 17, 2017, 03:11:15 PM
A Republican Mega Hitler is back in office so I guess it's time for the Jewstream media to bring back news of economic despair. 
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Nate Higgers on March 17, 2017, 03:32:06 PM
We never really left The Great Recession/The Great Depression 2 btw
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Bill Wilkins on March 17, 2017, 03:47:08 PM
America will still be spending most of its money on policing the world during and after another recession/depression. You can take that to the bank.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Bitter Weirdo on March 17, 2017, 03:59:03 PM
This will kill Gamestop.

ATP making sure the REALLY important aspects of this story get mentioned.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: a torrent of piss on March 17, 2017, 04:03:14 PM
This will kill Gamestop.

ATP making sure the REALLY important aspects of this story get mentioned.
I have still not forgiven them for fucking up my pre-order of the special edition of Metal gear Solid 3 Subsistence and giving me a regular copy.

I hope they burn.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Drain The Swamp And Fill It With Piss on March 17, 2017, 04:23:49 PM
commercial real estate

also: student loan obligations

Apparently (((they're))) already figuring in the next bailout into their calculations for the future, lel here we go again

A Republican Mega Hitler is back in office so I guess it's time for the Jewstream media to bring back news of economic despair. 

:smalljewrub:

We never really left The Great Recession/The Great Depression 2 btw

this is really the meat of it in my opinion.  most of the j-o-b-s created under barack ":nigganomics:" obama were minimum-wage shit jobs that never came close to replacing the higher paying skilled jobs that were lost during the recession.  Yet somehow property values have mostly recovered and the stock market indexes are breaking records every week.  You can either believe it's because 1) obama's economic policy was that good or 2) because it cost big institutions literally nothing to borrow money for the last decade.  but it's also important to remember obama's goal was never fixing the economy (I think because it would be impossible for any politician to really fix it in the current political climate), it was to make it "good enough" so he could run his ass out of washington and say, "look how good it was guys, it's not my fault", whether it was Donald or Hillary that he would be casting the blame on.

I've had a really bad feeling about whoever was elected next was inheriting a mess,  and i've felt this way for at least the last year.  There are a shitload of indicators beyond the ones already mentioned in this thread. 

not to get all  :alex: but you better be fucking prepared.  I think this round is going to be way worse than the last time.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Semper Games on March 17, 2017, 04:27:04 PM
We never really left The Great Recession/The Great Depression 2 btw

How dare you hurt Barry Soetoro's Fee-Fees!  :madgoon:
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Bill Wilkins on March 17, 2017, 04:40:59 PM
not to get all  :alex: but you better be fucking prepared.  I think this round is going to be way worse than the last time.

Oh absolutely. A combination of outsourcing, mass immigration, and automation is simply not going to end well.

Avoid big cities when the bell drops, fellas.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: J Dog on March 17, 2017, 04:44:48 PM
lol at Sears being considered an "anchor store" in 2017.  My local Sears closed last year and they already tore down the building and put up smaller retail spaces in its spot.  Places like Sears are as much a blight as they are an anchor.  You're better off putting a Chinkstew Express, Laundromat and dentist office in its place than having your strip mall live or die on an outdated retail store that nobody goes to.

Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Drain The Swamp And Fill It With Piss on March 17, 2017, 05:03:49 PM
lol at Sears being considered an "anchor store" in 2017.  My local Sears closed last year and they already tore down the building and put up smaller retail spaces in its spot.  Places like Sears are as much a blight as they are an anchor.  You're better off putting a Chinkstew Express, Laundromat and dentist office in its place than having your strip mall live or die on an outdated retail store that nobody goes to.

off the top of my head:

JC Penny
Boscovs
Payless
Macy's
American Eagle
Office Depot
Barnes and Noble

are all struggling mightily and closing stores.  inidividually, sure, who gives a shit, but this is a trend, not the anecdotal ills of one unfortunate company. for god's sake, fucking walmart is closing 150 stores this year.  w-a-l-m-a-r-t is closing stores.  how is your butthole not puckering at the thought of america's single largest employer shuttering 150 stores?
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: The Nottaman Empire on March 17, 2017, 05:28:42 PM
lol at Sears being considered an "anchor store" in 2017.  My local Sears closed last year and they already tore down the building and put up smaller retail spaces in its spot.  Places like Sears are as much a blight as they are an anchor.  You're better off putting a Chinkstew Express, Laundromat and dentist office in its place than having your strip mall live or die on an outdated retail store that nobody goes to.

Sears was geared at suburban white men who took care of their lawns, homes, and automobiles. Of course they didn't survive the  :obammy: economy. Home Depot and Lowe's will probably go the same way.

There's still plenty of urban real estate bubbles too, a lot of it fueled by foreigners. In my area Chinese people are dropping $500K+ on every dilapidated shithole they can their hands on, half of which gets rented out to illegals or idiot college kids. People will actual salaries are moving out. In other words:

Oh absolutely. A combination of outsourcing, mass immigration, and automation is simply not going to end well.

Avoid big cities when the bell drops, fellas.

Especially if you live in liberal utopia and aren't allowed to own firearms.





Title: Re: The Next Bigger Recession That Every is Talking About
Post by: InsideOutside on March 17, 2017, 05:49:20 PM
lol at Sears being considered an "anchor store" in 2017.  My local Sears closed last year and they already tore down the building and put up smaller retail spaces in its spot.  Places like Sears are as much a blight as they are an anchor.  You're better off putting a Chinkstew Express, Laundromat and dentist office in its place than having your strip mall live or die on an outdated retail store that nobody goes to.

youre right, they would be. but [outdated dying anchor store] still pays the rent on a lease that was negotiated decades ago so what are you going to do, kick them out to pour your own money into knocking it down and building smaller spaces? you only spend your own money when you have no other option.

laugh at the dinosaurs all you want, but theres still a bunch of idiots leasing rent check to rent check with no long term plan b
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: asip on March 17, 2017, 05:55:51 PM
lol at Sears being considered an "anchor store" in 2017.  My local Sears closed last year and they already tore down the building and put up smaller retail spaces in its spot.  Places like Sears are as much a blight as they are an anchor.  You're better off putting a Chinkstew Express, Laundromat and dentist office in its place than having your strip mall live or die on an outdated retail store that nobody goes to.

off the top of my head:

JC Penny
Boscovs
Payless
Macy's
American Eagle
Office Depot
Barnes and Noble

are all struggling mightily and closing stores.  inidividually, sure, who gives a shit, but this is a trend, not the anecdotal ills of one unfortunate company. for god's sake, fucking walmart is closing 150 stores this year.  w-a-l-m-a-r-t is closing stores.  how is your butthole not puckering at the thought of america's single largest employer shuttering 150 stores?
I've been to one of the wal-marts on the list, and if the others on the list are at all similar to the one I visited, it's 100% because of local niggerdy.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Bitter Weirdo on March 17, 2017, 06:03:42 PM
Uh oh, could this be a sign of the multifamily sector shitting the bed?  :

http://www.thestate.com/news/business/article138610933.html

Quote

Copper Beech Townhomes, one of the first in the current wave of private student housing complexes in Columbia, was sold at auction last week in a foreclosure sale, Richland County court officials said.

The 1,002-bedroom complex, off Bluff Road near Interstate 77, was purchased by Southern Drive LLC for $22 million, according to Joseph P. Strickland, Richland County Master in Equity.

Southern Drive, a Delaware-based company, sued the previous owners, Copper Beech Townhome Communities Twenty-Five LLC, for nonpayment, court records show.

The complex, which opened in 2007, will remain open and rebrand itself, according to its new management company, Southern Management Partners.

“Copper Beech will soon have the new name The Southern @1051,” said Angela L. Smith, a Southern Management partner, in an email to The State newspaper.

“With the change in ownership ... the students will experience all of the excitement and energy of the rebranding, renovation of the student center and pool, fun-filled community events for the students, bus/shuttle service for the students to USC, Benedict (College) and Allen (University) along with many other additional enhancements,” Smith said.

Copper Beech Townhomes is a sprawling, gated residential community built on a former industrial site between Bluff Road and Shop Road. Designed to appeal to college students, the complex is spacious and features a large swimming pool.

But occupancy rates have struggled at the complex as new student housing offerings closer to the city have continued to be erected since 2007. Last year in August, Copper Beech had a 40 percent occupancy rate, management officials there said. The previous year, in 2015, the occupancy rate was 100 percent, the company reported



How the fuck does your occupancy drop 60% in a year? :tuss: Could it be that the complex was built with outsized expectations re: ability of tenants to pay because in fact the market for luxury apartments is a lot smaller than developers would like to believe?

The rest of the article mentions 2 other complexes that seem to be doing well, but the thing is that these sort of projects have sprung up all over the country, and all of them are built under the same assumption: people can and will pay asking prices for rent. What's not accounted for is that all of these developments are going to be competing with each other for tenants which will means they need to be price competitive, which in turn will cause rents to drop.

Fuck, SF and the East Bay are apparently seeing drops year over year in rental rates, something most analysts would not have seen coming (even though it'll appear obvious in hindsight, much like the housing bubble).


Title: Re: The Next Bigger Recession That Every is Talking About
Post by: InsideOutside on March 17, 2017, 06:11:08 PM
off the top of my head:

JC Penny
Boscovs
Payless
Macy's
American Eagle
Office Depot
Barnes and Noble

Payless
hhgregg*
Sears/Kmart
Radioshack/Verizon
Gander Mountain*
Gordmans*
BCBG Max Azria*
Family Christian*
The Limited*
MC Sports*
Eastern Mountain/Bobs Stores
Wet Seal*
American Apparel
DirectBuy
Golfsmith*
Cosi*
Aeropostle
Fox & Hound/Champps*
Sports Authority*
Logan's Road House
Hancock Fabrics*
Hastings*
Old Country Buffet*

* = all stores liquidated; no merger/buyout/

these are all companies that have gone bankrupt or announced store closings in the past 12 months. yup, everything is going to be just fine.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: J Dog on March 17, 2017, 06:24:07 PM
youre right, they would be. but [outdated dying anchor store] still pays the rent on a lease that was negotiated decades ago so what are you going to do, kick them out to pour your own money into knocking it down and building smaller spaces?

Anchor stores often pay an extremely discounted rate because of their anchor status.  If you're giving an anchor store a huge discount or tying their rent to their sales and they neither act as an anchor nor have appreciable sales, then you're losing money by keeping them there versus a smaller retail shop paying a higher rate (that's not to mention the higher real estate taxes you're paying on the anchor).

No shit its not ideal, but its not like commerce trends aren't constantly shifting.  The people who build strip malls expecting 50+ years of uninterrupted occupancy are, quite simply, deluded.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: asip on March 17, 2017, 06:25:37 PM
The luxury apartment craze is fucking crazy around here. No new homes or middle-low cost apartments being constructed anywhere. Just luxury apartments. Hundreds of buildings everywhere. The X on Y. That's gonna be a fun bubble.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: InsideOutside on March 17, 2017, 06:34:14 PM
youre right, they would be. but [outdated dying anchor store] still pays the rent on a lease that was negotiated decades ago so what are you going to do, kick them out to pour your own money into knocking it down and building smaller spaces?

Anchor stores often pay an extremely discounted rate because of their anchor status.  If you're giving an anchor store a huge discount or tying their rent to their sales and they neither act as an anchor nor have appreciable sales, then you're losing money by keeping them there versus a smaller retail shop paying a higher rate (that's not to mention the higher real estate taxes you're paying on the anchor).

No shit its not ideal, but its not like commerce trends aren't constantly shifting.  The people who build strip malls expecting 50+ years of uninterrupted occupancy are, quite simply, deluded.

if retail space operators gave a fuck about opportunity cost, they wouldnt have embarked on a strategy of turning anchor space into everything from churches to grocery stores to nursing homes. for every mall tearing down anchor space, theres three going that route

what im saying is the people who own the space are just as outdated, deluded, and unwilling to accept reality as the stores that rent from them. between the two, theyre going to get caught with their dick out when (((the unthinkable))) happens and then its too late. how many payments behind can you be on a few million square feet scattered around the country before you have to file for bankruptcy?


(((somebody))) out there has a lot to gain by swooping in and buying retail space at a discount to do exactly what you are describing so no shit wall street wants this to happen

Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Bitter Weirdo on March 17, 2017, 06:35:36 PM
The luxury apartment craze is fucking crazy around here. No new homes or middle-low cost apartments being constructed anywhere. Just luxury apartments. Hundreds of buildings everywhere. The X on Y. That's gonna be a fun bubble.

Section 8 nogs and third world refugees, coming soon to a luxury apartment complex near you!
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: (((👃👃👃))) on March 17, 2017, 06:44:24 PM
We pretty much inflated every bubble we could: tech (again), housing (again), car, student loan, etc.  So this go around rather than just one bubble bursting, we have likely four of them that are just about bursting at the seams currently.

Niggerpocalypse is coming sooner than you think.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Chromosome hog on March 17, 2017, 06:53:12 PM
And strangely the (((Federal Reserve))) all of a sudden decides they need to start raising interest rates multiple times per year, after leaving the money spigot wide open during the  :obammy: years.

 :nigganomics: indeed
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Excremental Marx on March 17, 2017, 07:07:32 PM
We pretty much reinflated every bubble we could: tech (again), housing (again), car, student loan, etc.  So this go around rather than just one bubble bursting, we have likely four of them that are just about bursting at the seams currently.

This is the gist of it. What my main concern is that anyone who has a (somewhat) functioning brain can see this from a mile away. You don't need a degree in finance or economy to understand the whole thing is completely unsustainable. Which leads me to believe the whole thing was designed to fail from the start, the only goal is to line the pockets of (((investors))) before the inevitable crash arrives.

Wouldn't it be fun if Trump just took a bunch of investment bankers and have them shot by a firing squad and then go on national television saying something along the lines of "we didn't reach a mutually satisfactory deal with the (((financial institutions))) and we are expecting better proposals within 48 hours how to proceed with this crisis".

There wont be any prosperity or peace in the world while the banks rule the world.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: (((👃👃👃))) on March 17, 2017, 07:07:51 PM
Not to mention that the HNIC massaged every metric possible to paint as rosy of a picture as possible.  Yet even deep down most people never bought into it.  That's why everyone universally agrees this country is going in the wrong direction even during the multiple "summers of recovery" that went on.  A lot of it seemed to bank on the cult of personalities of tech like Musk and Zuckerberg.  We were told that because these heebs were raking in money hand over fist that we were doing great as a country meanwhile the average prole has less money than ever.  Maybe if their car is nice enough they can work for Uber on the weekends to some extra scratch.  Meanwhile you see articles from (((Vanity Fair))) that talk about how common sugaring (aka whoring) is for attractive young women.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: (((👃👃👃))) on March 17, 2017, 07:14:23 PM
As a double post, I'm not advocating dumb faggotry like getting a cabin out in the woods and living off the grid.  I'm just saying that the days of a 20,000+ Dow are short lived and it will likely end in going back to the 10-12,000 that it probably should be.  A lot of people are going to lose their asses on investments, retirement savings, etc.  There might be a certain group of (((people))) who are going to start screeching even louder than ever because they think that blackshirts are going to come for them.  I wish they would but realistically they won't.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Bitter Weirdo on March 17, 2017, 08:03:27 PM
As a double post, I'm not advocating dumb faggotry like getting a cabin out in the woods and living off the grid. 

:triggered:

How dare you sir!
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: [SWOLE]Grode Jar on March 17, 2017, 08:30:43 PM
If you want realistic financial analysis follow Jesse Colombo on Twitter.  The dude is definitely not a (((financial consultant))) and actually gives realistic analysis and what he thinks is going to happen.  His predictions are insanely dire.  He's called all sorts of bubbles.  He's even called oil and gas being down for a long time, years even.  I trust him more than I do just about anyone in the industry.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: PUSSY CANCER on March 17, 2017, 08:34:05 PM
It all depends on Trump delivering on tax cuts and if his infrastructure plans actually put money to good use.

The markets are betting the farm on Trump and that he delivers on his tax plan, specifically the repatriation of money from overseas.
I dunno the number, but let's say there's $10 trillion in total that companies are holding in overseas bank accounts that they can't get back into the US without getting shafted in taxes.
Trump is planning to make a deal with US corporations that will allow them get their money back into the US at a discounted price.
In theory this is good.  Companies get to bring in shit loads of money back into the US economy that has been drained out for years now through wars, illegal immigration, etc.
Trump will offer them some sort of deal like, "We'll give yall a one time deal.  Bring your money back into the US for a cool 10% tax, cheaper than you'll get anywhere else or from anyone else, or you're fucked." 
I'm positive he'll put stipulations on how that money has to used as well.  "50% of the money has to be spent here in America in 3 years time frame or we're nailing you with a hefty tax or hitting you with IRS audits" or something along those lines.

The point is that the government collects easy $$$ from the one time tax, businesses get to bring mountains of cash back into the US economy at a discounted rate, and the idea is that with this amount of cash flowing back into the US economy instead out out of it, the better the overall economy will be.  Basically, every dollar we piss away in some desert in Iraq or every dollar that leaves the country and ends up with some Incan dwarf from Peru is a dollar that has no chances of getting collected by a local business, a company in the US, or an American worker.  If the government is going to piss away trillions of dollars, at least do in the US so Americans have a chance of grabbing a buck or two.  On top of this, with companies flush with cash, they'll do stock buy backs, which will make a lot of people a lot of $$$.

The point is business and companies are betting big on Trump.  But if Trump doesn't deliver on his trade, economic, fiscal, and tax polices, we're FUCKED and you better hold on to your butts.

edit:
^but always bet on Trump


Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Drain The Swamp And Fill It With Piss on March 17, 2017, 08:53:40 PM
ok bitches im going to 2,500 posts itt

We pretty much inflated every bubble we could: tech (again), housing (again), car, student loan, etc.  So this go around rather than just one bubble bursting, we have likely four of them that are just about bursting at the seams currently.

Niggerpocalypse is coming sooner than you think.

100% agreedo

Uh oh, could this be a sign of the multifamily sector shitting the bed?  :

I live in Florida, in one of the areas that was worst hit by the recession.  Property values have mostly recovered, and there's plenty of inventory, but yet again there are dozens of track developments for ugly-ass condominiums and town-homes cropping up, and it's to the point that it's getting absurd again.  There's one development of over 200 homes being built where two highway overpasses intersect in an X, and the development is nestled in the space to the right of the X.  No water, no views, nothing compelling to build a bunch of homes (starting in the mid $200s!!!) there.

i think what's coming is multifaceted and that is what truly scares me.  Someone else outlined three big areas (housing, student loans, tech, and there are others), but within each of those, I believe there are several sub-areas that are going to suffer.  Remember, the recession was bad because it involved mortgages and credit, which then impacted other areas like retail through less discretionary spending by consumers.  This is different.  Retail is struggling independently of housing.  Tech has a massive bubble - look at the snapchat IPO, first result on google for "snapchat IPO" is "Is The Snapchat IPO Proof Of A Tech Bubble?", $20b+ on a company that lost $170m last quarter and is losing a shitload of business to at least 3 other huge competitors (speculation is the founders know they're going to get their shit kicked in and wanted to cash out before that happens).  We all know about student loans and the disaster that's coming with that.  My point is, it's going to take little-to-nothing to kick over the dominoes and this time, multiple huge areas of the economy are going to be impacted.  And one of the big things that will make it much worse, at least psychologically, is the jew media will be cheerleading the decline as an indictment of Trump, instead of making up all sorts of bullshit excuses like they did for Obama.  I fully expect them to get down and dirty with the analysis they give jobs numbers under Trump, which they NEVER did for Obama.

And strangely the (((Federal Reserve))) all of a sudden decides they need to start raising interest rates multiple times per year, after leaving the money spigot wide open during the  :obammy: years.

 :nigganomics: indeed

yeah it's amazing, you really have to wonder what Obama promised Janet (((Yellen))) to hold out and keep it at 0% until he was done disgracing the white house.

As a double post, I'm not advocating dumb faggotry like getting a cabin out in the woods and living off the grid.  I'm just saying that the days of a 20,000+ Dow are short lived and it will likely end in going back to the 10-12,000 that it probably should be.  A lot of people are going to lose their asses on investments, retirement savings, etc.  There might be a certain group of (((people))) who are going to start screeching even louder than ever because they think that blackshirts are going to come for them.  I wish they would but realistically they won't.

I don't think anyone needs to go live off the grid, but I think there are smart steps to start taking.  We live on about an acre and have gotten chickens, put in a couple of gardens, etc.  Hobby-farming basically, but it's something everyone can do with a few square feet of space and some sweat equity.  Get to know your neighbors, especially if they are like-minded.  start putting money aside to invest when this bitch bottoms out.  maybe we should have a separate thread about...jesus don't call it prepping but you know what i mean.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: bigperm on March 17, 2017, 09:05:29 PM
The luxury apartment craze is fucking crazy around here. No new homes or middle-low cost apartments being constructed anywhere. Just luxury apartments. Hundreds of buildings everywhere. The X on Y. That's gonna be a fun bubble.

Section 8 nogs and third world refugees, coming soon to a luxury apartment complex near you!

They're already here. Developers have basically only built *~luxury~* units for the past 10-20 years because some asshole preached common sense that they have higher returns. Classic tragedy of the commons.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: PUSSY CANCER on March 17, 2017, 09:15:19 PM
You mean the rate hike that the Fed has been telegraphing for years now?  You mean the 0.25% increase? 
This shit is absolutely nothing and the market surged from the rate hike announcement.  It was expected and baked in, so to speak.

The big bomb looming on the horizon right now is the French election.  Europe is so fragile right now and cannot stand Le Pin getting elected because it'll be the death knell of the EU.  She will put a referendum up asking, "Should France stay in the EU?" and then all bets are off. 
 
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Drain The Swamp And Fill It With Piss on March 17, 2017, 09:22:54 PM
You mean the rate hike that the Fed has been telegraphing for years now?  You mean the 0.25% increase? 
This shit is absolutely nothing and the market surged from the rate hike announcement.  It was expected and baked in, so to speak.

The big bomb looming on the horizon right now is the French election.  Europe is so fragile right now and cannot stand Le Pin getting elected because it'll be the death knell of the EU.  She will put a referendum up asking, "Should France stay in the EU?" and then all bets are off.

you're retarded, and you sound like a kike

(http://i.imgur.com/EBKK3FU.jpg)
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: PUSSY CANCER on March 17, 2017, 09:24:20 PM
Also, we desperately need higher interest rates.  When?  That's up for debate.  I don't mean 10%+ or whatever, but a comfy 3-4%.
The #1 way that middle class Americans have built wealth historically is through savings and collecting interest on that savings.
But (((they))) destroyed this by killing interest rates so that the only place that goyim can get any % return on their money is in equities, etc. (i.e. assets that aren't insured). 
At least if your money is in the bank, you're FDIC insured.  Market tanks?  Hope you had $SPY puts and had money in gold.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: (((👃👃👃))) on March 17, 2017, 10:07:27 PM
Jesse Colombo is in the same league as Peter Schiff: they're guys who proclaim every year that we're all doomed and finally one year they get it right and some people assume that they are prophets.  I mean, if I declare that tomorrow the sun is going to rise from the east and set in the west, that doesn't make me some kind of wizard.  It doesn't take a rocket surgeon to figure out that we're due for another recession, considering we usually have one every 8-10 years.

It all depends on Trump delivering on tax cuts and if his infrastructure plans actually put money to good use.

The markets are betting the farm on Trump and that he delivers on his tax plan, specifically the repatriation of money from overseas.
I dunno the number, but let's say there's $10 trillion in total that companies are holding in overseas bank accounts that they can't get back into the US without getting shafted in taxes.
Trump is planning to make a deal with US corporations that will allow them get their money back into the US at a discounted price.
In theory this is good.  Companies get to bring in shit loads of money back into the US economy that has been drained out for years now through wars, illegal immigration, etc.
Trump will offer them some sort of deal like, "We'll give yall a one time deal.  Bring your money back into the US for a cool 10% tax, cheaper than you'll get anywhere else or from anyone else, or you're fucked." 
I'm positive he'll put stipulations on how that money has to used as well.  "50% of the money has to be spent here in America in 3 years time frame or we're nailing you with a hefty tax or hitting you with IRS audits" or something along those lines.

The point is that the government collects easy $$$ from the one time tax, businesses get to bring mountains of cash back into the US economy at a discounted rate, and the idea is that with this amount of cash flowing back into the US economy instead out out of it, the better the overall economy will be.  Basically, every dollar we piss away in some desert in Iraq or every dollar that leaves the country and ends up with some Incan dwarf from Peru is a dollar that has no chances of getting collected by a local business, a company in the US, or an American worker.  If the government is going to piss away trillions of dollars, at least do in the US so Americans have a chance of grabbing a buck or two.  On top of this, with companies flush with cash, they'll do stock buy backs, which will make a lot of people a lot of $$$.

The point is business and companies are betting big on Trump.  But if Trump doesn't deliver on his trade, economic, fiscal, and tax polices, we're FUCKED and you better hold on to your butts.

edit:
^but always bet on Trump

That could probably mitigate some of the recession but we're still in an era where we are just creating debt as wealth.  You can circulate some of that newfound money now that it is being brought back but you still have people taking out loans for a $50,000 BMW who have no business (or the income) getting that car.  You still have Juan, Ofelia, and their 6 kids living in a $600,000 house with a household income of $30,000.  You have shitty apps like Uber who have market caps greater than car manufacturers.  There's a lot that is wrong with our economy and bringing that offshored capital is not going to fix most of the issues.  We're still due for a shitty double dip recession because once again we have decided that minorities should have nice things because muh oppression.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Drain The Swamp And Fill It With Piss on March 17, 2017, 10:27:27 PM
Jesse Colombo is in the same league as Peter Schiff: they're guys who proclaim every year that we're all doomed and finally one year they get it right and some people assume that they are prophets.  I mean, if I declare that tomorrow the sun is going to rise from the east and set in the west, that doesn't make me some kind of wizard.  It doesn't take a rocket surgeon to figure out that we're due for another recession, considering we usually have one every 8-10 years.

disagree.  the 8-10 year thing is true but he's actually nailing down specific bubbles, causes, etc, and his writing isn't some vague "this could happen at some point".  I think you're being a bit hard on the guy.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Ghostse on March 17, 2017, 10:43:50 PM
Sears implosion is no surprise. I have some nostalgia for Sears, but they were bought by a holding company a few years ago, who has done nothing but sort of allow them to sputter and fall into the ground. Honestly I'm surprised its taken this long.

The only logical sense the article could make from it was trying to tank the retail so the can sell the name and auction off the real estate and high-value leases.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: a torrent of piss on March 17, 2017, 11:19:38 PM
If Sears goes that means I get to watch a whole new slew of abandoned mall videos on youtube.  :nixon:

Seriously I'm surprised they have not made a reality TV show about exploring abandoned malls, they're fascinating.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: (((👃👃👃))) on March 17, 2017, 11:21:44 PM
Sears, Kmart, etc. have many stores that are sitting on prime real estate.  Back when these stores were being built in the 50s, 60s, and 70s, they had generous 99 year leases so it's almost more valuable to let these stores fail so the land can be sold off than to keep the store going.

The CEO, Eddie Lampert (https://en.wikipedia.org/wiki/Edward_Lampert), also seems to make insane decisions.  Also just for the lulz:

Quote
The couple are active members of their local Chabad house.[22]

What is a Chabad house, you might ask?

https://en.wikipedia.org/wiki/Chabad_house

Quote
A Chabad house is a centre for disseminating traditional Judaism by the Chabad movement. Chabad Houses are run by a Chabad Shaliach (emissary), his wife – a Shlucha (fem. for emissary) – and his family. They are located in cities and on or near college campuses.

OY VEY!
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: PUSSY CANCER on March 17, 2017, 11:36:40 PM
Jesse Colombo is in the same league as Peter Schiff: they're guys who proclaim every year that we're all doomed and finally one year they get it right and some people assume that they are prophets.  I mean, if I declare that tomorrow the sun is going to rise from the east and set in the west, that doesn't make me some kind of wizard.  It doesn't take a rocket surgeon to figure out that we're due for another recession, considering we usually have one every 8-10 years.

disagree.  the 8-10 year thing is true but he's actually nailing down specific bubbles, causes, etc, and his writing isn't some vague "this could happen at some point".  I think you're being a bit hard on the guy.

It's easy to be a bear.  hth
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Alt Frank on March 17, 2017, 11:45:24 PM
Jesse Colombo is in the same league as Peter Schiff: they're guys who proclaim every year that we're all doomed and finally one year they get it right and some people assume that they are prophets.  I mean, if I declare that tomorrow the sun is going to rise from the east and set in the west, that doesn't make me some kind of wizard.  It doesn't take a rocket surgeon to figure out that we're due for another recession, considering we usually have one every 8-10 years.

disagree.  the 8-10 year thing is true but he's actually nailing down specific bubbles, causes, etc, and his writing isn't some vague "this could happen at some point".  I think you're being a bit hard on the guy.

We innovate, technology improves, societal demands shift. Some companies and industries affected fail to adapt. Wow, a bubble ensues.

Where's my Nobel?
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Drain The Swamp And Fill It With Piss on March 18, 2017, 12:04:25 AM
Jesse Colombo is in the same league as Peter Schiff: they're guys who proclaim every year that we're all doomed and finally one year they get it right and some people assume that they are prophets.  I mean, if I declare that tomorrow the sun is going to rise from the east and set in the west, that doesn't make me some kind of wizard.  It doesn't take a rocket surgeon to figure out that we're due for another recession, considering we usually have one every 8-10 years.

disagree.  the 8-10 year thing is true but he's actually nailing down specific bubbles, causes, etc, and his writing isn't some vague "this could happen at some point".  I think you're being a bit hard on the guy.

We innovate, technology improves, societal demands shift. Some companies and industries affected fail to adapt. Wow, a bubble ensues.

Where's my Nobel?

i dont have a nobel for you, but i do have this *unzips pants*
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Alt Frank on March 18, 2017, 01:46:44 AM
Jesse Colombo is in the same league as Peter Schiff: they're guys who proclaim every year that we're all doomed and finally one year they get it right and some people assume that they are prophets.  I mean, if I declare that tomorrow the sun is going to rise from the east and set in the west, that doesn't make me some kind of wizard.  It doesn't take a rocket surgeon to figure out that we're due for another recession, considering we usually have one every 8-10 years.

disagree.  the 8-10 year thing is true but he's actually nailing down specific bubbles, causes, etc, and his writing isn't some vague "this could happen at some point".  I think you're being a bit hard on the guy.

We innovate, technology improves, societal demands shift. Some companies and industries affected fail to adapt. Wow, a bubble ensues.

Where's my Nobel?

i dont have a nobel for you, but i do have this *unzips pants*

what am i supposed to be looking for
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Hollywood Shabat Goy Yaro on March 18, 2017, 03:23:29 AM
Just as you shouldn't take home construction advice from Grover neither should you take financial advice. 
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Dave Hedgehog on March 18, 2017, 03:43:07 AM
The property market over in Prague is crazy...2 years ago interest rates for mortgages were as low as 1.5% on 100% LTV. Prices shot up through the roof and even changing the law on property transfer tax didn't do anything to quell the prices. Lots of Russian money flowed in too ramping everything up into empty units.
Rental costs have soared too thanks to everyone jumping on the AirB&B wagon taking rental stock off the market in favour of holiday apartments for hipster faggots. My place is 75% LTV now...locked into 2% interest for the next 5 years. That's 5 years to pay as much of it off before the inevitable slump when suddenly people can't pay their mortgages.

In another country, bank interest rates are at zero, so people are rushing into buying offplan which are more expensive than currently built stock, in a country where rental yield is tiny and mortgage rates are 5%. They swallow the bullshit marketing from developers and real estate agents.

I'm sitting on around 60k without anything worth spending it on...it's getting nothing in the bank, too risky to put it in markets...
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Alt Frank on March 18, 2017, 04:04:03 AM
Let me tell you about Bitcoin
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Dave Hedgehog on March 18, 2017, 04:11:43 AM
Let me tell you about Bitcoin
Other than Chinese money laundering I don't understand why anyone would put their money into it.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: OMNIPRESENT CYBERFILTH on March 18, 2017, 06:23:57 AM
Also, we desperately need higher interest rates.  When?  That's up for debate.  I don't mean 10%+ or whatever, but a comfy 3-4%.
The #1 way that middle class Americans have built wealth historically is through savings and collecting interest on that savings.
But (((they))) destroyed this by killing interest rates so that the only place that goyim can get any % return on their money is in equities, etc. (i.e. assets that aren't insured). 
At least if your money is in the bank, you're FDIC insured.  Market tanks?  Hope you had $SPY puts and had money in gold.

The greatest trick the Fed ever played is pretending that they control interest rates.

If the Fed raised interest rates all that would happen is we'd eventually start paying untenable interest payments on the national debt which is all made up money anyway, the Fed's balance sheet is where the damage is being done, they accept what's essentially worthless assets for fresh money, it used to be nigger and spic mortgages but is now also guaranteeing student loans to NEETS who will never ever pay them off.  Credit expansion is and has been the only real growth we've had since the early 2000's and the economy will only slow down more when the Boomers, who are the few remaining spendthrifts, start going into retirement and spend less.

This is going to get 10x worse when it's obvious that the money that was used to fund pensions was woefully underfunded due to the fact that government officials are retarded and get to ignore numbers until they blow up (and in the worst places for it, i.e. Chicago and California are all niggers who can't do basic math anyway).  We will probably go through a minor recession soon but Trump has been amazing for the markets so this next downturn will probably not be bad at all (and like I said, the Fed will keep on printing money so there won't really be a credit crunch a la 2008-2009) until pension math causes what will essentially be a generational civil war.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: As a white male I on March 18, 2017, 06:45:36 AM
Let me tell you about Bitcoin
Other than Chinese money laundering I don't understand why anyone would put their money into it.

Someone's using bitcoin beyond buying drugs from silk road?  :lilal:
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Excremental Marx on March 18, 2017, 07:56:48 AM
I don't think anyone needs to go live off the grid, but I think there are smart steps to start taking.  We live on about an acre and have gotten chickens, put in a couple of gardens, etc.  Hobby-farming basically, but it's something everyone can do with a few square feet of space and some sweat equity. 

Yeah, it is pretty crazy what kind of variety of food you can grow in a relatively small patch of land. I don't think the complete collapse of civilization is likely at all, but on the other hand it's nice to know you have some sort of plan B if shit really hits the fan.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Drain The Swamp And Fill It With Piss on March 18, 2017, 09:51:54 AM
The property market over in Prague is crazy...2 years ago interest rates for mortgages were as low as 1.5% on 100% LTV. Prices shot up through the roof and even changing the law on property transfer tax didn't do anything to quell the prices. Lots of Russian money flowed in too ramping everything up into empty units.
Rental costs have soared too thanks to everyone jumping on the AirB&B wagon taking rental stock off the market in favour of holiday apartments for hipster faggots. My place is 75% LTV now...locked into 2% interest for the next 5 years. That's 5 years to pay as much of it off before the inevitable slump when suddenly people can't pay their mortgages.

In another country, bank interest rates are at zero, so people are rushing into buying offplan which are more expensive than currently built stock, in a country where rental yield is tiny and mortgage rates are 5%. They swallow the bullshit marketing from developers and real estate agents.

I'm sitting on around 60k without anything worth spending it on...it's getting nothing in the bank, too risky to put it in markets...

how the fuck are there still loans out there for 100% LTV?  And you're living proof of the predicament anyone with some cash is in right now - savings accounts earning 0% interest are worthless and you shouldn't tie up all of your cash in a non-liquid asset like a house, especially if you aren't even fully paying it off.  I think most people are just putting it in the market and that may be one of the reasons the market keeps setting records (and most other people just spend spend spend).  We have a really fucked up monetary policy when it makes as much sense to put your money under your mattress as it does putting it in a bank.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Bitter Weirdo on March 18, 2017, 12:33:19 PM
The property market over in Prague is crazy...2 years ago interest rates for mortgages were as low as 1.5% on 100% LTV. Prices shot up through the roof and even changing the law on property transfer tax didn't do anything to quell the prices. Lots of Russian money flowed in too ramping everything up into empty units.
Rental costs have soared too thanks to everyone jumping on the AirB&B wagon taking rental stock off the market in favour of holiday apartments for hipster faggots. My place is 75% LTV now...locked into 2% interest for the next 5 years. That's 5 years to pay as much of it off before the inevitable slump when suddenly people can't pay their mortgages.

In another country, bank interest rates are at zero, so people are rushing into buying offplan which are more expensive than currently built stock, in a country where rental yield is tiny and mortgage rates are 5%. They swallow the bullshit marketing from developers and real estate agents.

I'm sitting on around 60k without anything worth spending it on...it's getting nothing in the bank, too risky to put it in markets...

how the fuck are there still loans out there for 100% LTV?  And you're living proof of the predicament anyone with some cash is in right now - savings accounts earning 0% interest are worthless and you shouldn't tie up all of your cash in a non-liquid asset like a house, especially if you aren't even fully paying it off.  I think most people are just putting it in the market and that may be one of the reasons the market keeps setting records (and most other people just spend spend spend).  We have a really fucked up monetary policy when it makes as much sense to put your money under your mattress as it does putting it in a bank.

100 LTV ain't shit nigga. I saw some shit the other day where a borrower took out 3, yes 3 loans to buy a 250K house. It's not the first time I've seen that in recent memory either. Around here 250k ain't shit, because California :tuss:
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Drain The Swamp And Fill It With Piss on March 18, 2017, 12:46:12 PM
The property market over in Prague is crazy...2 years ago interest rates for mortgages were as low as 1.5% on 100% LTV. Prices shot up through the roof and even changing the law on property transfer tax didn't do anything to quell the prices. Lots of Russian money flowed in too ramping everything up into empty units.
Rental costs have soared too thanks to everyone jumping on the AirB&B wagon taking rental stock off the market in favour of holiday apartments for hipster faggots. My place is 75% LTV now...locked into 2% interest for the next 5 years. That's 5 years to pay as much of it off before the inevitable slump when suddenly people can't pay their mortgages.

In another country, bank interest rates are at zero, so people are rushing into buying offplan which are more expensive than currently built stock, in a country where rental yield is tiny and mortgage rates are 5%. They swallow the bullshit marketing from developers and real estate agents.

I'm sitting on around 60k without anything worth spending it on...it's getting nothing in the bank, too risky to put it in markets...

how the fuck are there still loans out there for 100% LTV?  And you're living proof of the predicament anyone with some cash is in right now - savings accounts earning 0% interest are worthless and you shouldn't tie up all of your cash in a non-liquid asset like a house, especially if you aren't even fully paying it off.  I think most people are just putting it in the market and that may be one of the reasons the market keeps setting records (and most other people just spend spend spend).  We have a really fucked up monetary policy when it makes as much sense to put your money under your mattress as it does putting it in a bank.

100 LTV ain't shit nigga. I saw some shit the other day where a borrower took out 3, yes 3 loans to buy a 250K house. It's not the first time I've seen that in recent memory either. Around here 250k ain't shit, because California :tuss:

how is that even possible?  an FHA loan without pre-paying any points requires 3% down...on a $300,000 property, that's $9,000.  Let's use insane California prices and say it's a $900,000 property...that's $27,00.  That's a bit of money for the average person, but what business does someone have buying a million dollar property if they can't come up with $30k?  And then to need 3 loans to do it?  What, a mortgage, a loan for the down payment, and a 3rd loan for renovations?  What the fuck?
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Bitter Weirdo on March 18, 2017, 01:10:39 PM
The property market over in Prague is crazy...2 years ago interest rates for mortgages were as low as 1.5% on 100% LTV. Prices shot up through the roof and even changing the law on property transfer tax didn't do anything to quell the prices. Lots of Russian money flowed in too ramping everything up into empty units.
Rental costs have soared too thanks to everyone jumping on the AirB&B wagon taking rental stock off the market in favour of holiday apartments for hipster faggots. My place is 75% LTV now...locked into 2% interest for the next 5 years. That's 5 years to pay as much of it off before the inevitable slump when suddenly people can't pay their mortgages.

In another country, bank interest rates are at zero, so people are rushing into buying offplan which are more expensive than currently built stock, in a country where rental yield is tiny and mortgage rates are 5%. They swallow the bullshit marketing from developers and real estate agents.

I'm sitting on around 60k without anything worth spending it on...it's getting nothing in the bank, too risky to put it in markets...

how the fuck are there still loans out there for 100% LTV?  And you're living proof of the predicament anyone with some cash is in right now - savings accounts earning 0% interest are worthless and you shouldn't tie up all of your cash in a non-liquid asset like a house, especially if you aren't even fully paying it off.  I think most people are just putting it in the market and that may be one of the reasons the market keeps setting records (and most other people just spend spend spend).  We have a really fucked up monetary policy when it makes as much sense to put your money under your mattress as it does putting it in a bank.

100 LTV ain't shit nigga. I saw some shit the other day where a borrower took out 3, yes 3 loans to buy a 250K house. It's not the first time I've seen that in recent memory either. Around here 250k ain't shit, because California :tuss:

how is that even possible?  an FHA loan without pre-paying any points requires 3% down...on a $300,000 property, that's $9,000.  Let's use insane California prices and say it's a $900,000 property...that's $27,00.  That's a bit of money for the average person, but what business does someone have buying a million dollar property if they can't come up with $30k?  And then to need 3 loans to do it?  What, a mortgage, a loan for the down payment, and a 3rd loan for renovations?  What the fuck?

I suspect one of the loans was to cover the closing costs. You know, just like in the housing bubble days :tuss: :tuss:
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: InsideOutside on March 18, 2017, 02:13:17 PM

how is that even possible?  an FHA loan without pre-paying any points requires 3% down...on a $300,000 property, that's $9,000.  Let's use insane California prices and say it's a $900,000 property...that's $27,00.  That's a bit of money for the average person, but what business does someone have buying a million dollar property if they can't come up with $30k?  And then to need 3 loans to do it?  What, a mortgage, a loan for the down payment, and a 3rd loan for renovations?  What the fuck?

but real estate prices only go up up up so  think of it as a million on a two million dollar property :tuss:


 :facepalm:
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Ghostse on March 18, 2017, 02:47:46 PM
The property market over in Prague is crazy...2 years ago interest rates for mortgages were as low as 1.5% on 100% LTV. Prices shot up through the roof and even changing the law on property transfer tax didn't do anything to quell the prices. Lots of Russian money flowed in too ramping everything up into empty units.
Rental costs have soared too thanks to everyone jumping on the AirB&B wagon taking rental stock off the market in favour of holiday apartments for hipster faggots. My place is 75% LTV now...locked into 2% interest for the next 5 years. That's 5 years to pay as much of it off before the inevitable slump when suddenly people can't pay their mortgages.

In another country, bank interest rates are at zero, so people are rushing into buying offplan which are more expensive than currently built stock, in a country where rental yield is tiny and mortgage rates are 5%. They swallow the bullshit marketing from developers and real estate agents.

I'm sitting on around 60k without anything worth spending it on...it's getting nothing in the bank, too risky to put it in markets...

how the fuck are there still loans out there for 100% LTV?  And you're living proof of the predicament anyone with some cash is in right now - savings accounts earning 0% interest are worthless and you shouldn't tie up all of your cash in a non-liquid asset like a house, especially if you aren't even fully paying it off.  I think most people are just putting it in the market and that may be one of the reasons the market keeps setting records (and most other people just spend spend spend).  We have a really fucked up monetary policy when it makes as much sense to put your money under your mattress as it does putting it in a bank.

100 LTV ain't shit nigga. I saw some shit the other day where a borrower took out 3, yes 3 loans to buy a 250K house. It's not the first time I've seen that in recent memory either. Around here 250k ain't shit, because California :tuss:

how is that even possible?  an FHA loan without pre-paying any points requires 3% down...on a $300,000 property, that's $9,000.  Let's use insane California prices and say it's a $900,000 property...that's $27,00.  That's a bit of money for the average person, but what business does someone have buying a million dollar property if they can't come up with $30k?  And then to need 3 loans to do it?  What, a mortgage, a loan for the down payment, and a 3rd loan for renovations?  What the fuck?

FHA pretty much doesn't exist in Cali. FHA caps out at $675,000 and that won't buy you shit unless you're out in the extreme boonies.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Dave Hedgehog on March 18, 2017, 05:05:05 PM
The property market over in Prague is crazy...2 years ago interest rates for mortgages were as low as 1.5% on 100% LTV. Prices shot up through the roof and even changing the law on property transfer tax didn't do anything to quell the prices. Lots of Russian money flowed in too ramping everything up into empty units.
Rental costs have soared too thanks to everyone jumping on the AirB&B wagon taking rental stock off the market in favour of holiday apartments for hipster faggots. My place is 75% LTV now...locked into 2% interest for the next 5 years. That's 5 years to pay as much of it off before the inevitable slump when suddenly people can't pay their mortgages.

In another country, bank interest rates are at zero, so people are rushing into buying offplan which are more expensive than currently built stock, in a country where rental yield is tiny and mortgage rates are 5%. They swallow the bullshit marketing from developers and real estate agents.

I'm sitting on around 60k without anything worth spending it on...it's getting nothing in the bank, too risky to put it in markets...

how the fuck are there still loans out there for 100% LTV?  And you're living proof of the predicament anyone with some cash is in right now - savings accounts earning 0% interest are worthless and you shouldn't tie up all of your cash in a non-liquid asset like a house, especially if you aren't even fully paying it off.  I think most people are just putting it in the market and that may be one of the reasons the market keeps setting records (and most other people just spend spend spend).  We have a really fucked up monetary policy when it makes as much sense to put your money under your mattress as it does putting it in a bank.
I'm not sure about now in Prague, but a year ago 100% LTV was still available, and the banks would always be generous in their valuations (mine was valued at 6.8 million czk, bought it for 5.6 million which seemed to be the top end of 'reasonable' according to my calculations).
I know that where I am now, people are being encouraged to invest their money in property, or binary options, or stocks, or whatever snake oil is being sold due to the record low interest rates, and they sure as hell are emptying their bank accounts.
Me? I'm leaving the bulk of my money in the bank and just playing Forex with a few grand...I want everything to burn to the ground ASAP so I can buy low...
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: blasting_asshole on March 20, 2017, 10:16:38 AM
This is news about Uber's way-too-high market cap. Another promising looking IPO that'll be going to shit, because ~tech company~ shopped around for the highest possible appraisal they could find.

Every fucking time. I'm starting to think any random pile of tech trash could go public with a modest appraisal and become incredibly profitable, just by over-achieving their slowpoke quarterlies.

Friend of mine is actually doing this with his website that's been around for 8 years running. Not even negotiating with VCs anymore, over cap evals. Just "Suuuuuuuuuuuure, sounds great! Pleasure doing business with you." He calls it taking shit offers to live comfortably.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: J Dog on March 20, 2017, 10:25:40 AM
100 LTV ain't shit nigga. I saw some shit the other day where a borrower took out 3, yes 3 loans to buy a 250K house. It's not the first time I've seen that in recent memory either. Around here 250k ain't shit, because California :tuss:

80-10-10 or really any piggyback loans are ingenious.  On which loan is the home buyer most likely to default?  Why, the 80% one of course.  Homebuyer defaults on the 80, keeps paying the 10s thinking "well, at least I'm paying something" without realizing that he will have zero equity in his home when the 80 lender forecloses 5 years later.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Alt Frank on March 20, 2017, 10:30:01 AM
Can we turn this into a general economics thread

What are your all's expectations towards automation & universal basic income

Or is the UBI meme just an attempt to get the whites on the gibs teat

edit: that typo tho
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: The Trumpriarch on March 20, 2017, 10:45:19 AM
an attempt to get the whites on the gibs teat
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Handyman on March 20, 2017, 10:48:01 AM
Trump's policies will produce another huge boom next decade.   :reagan:
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Drain The Swamp And Fill It With Piss on March 20, 2017, 11:08:18 AM
Can we turn this into a general economies thread

yes

Quote
What are your all's expectations towards automation & universal basic income

automation is the future, yes, but people are overplaying the replacement idea.  automation is about augmenting human abilities.  Peter Thiel writes about this extensively, along with some other lesser known authors.  It's popular to say that everyone's going to be replaced by robots and they can sit at home and collect a government paycheck.  But this will be the same thing that happened with the cotton gin, automated textile machines, swtich-board operators, etc.  Less people will be needed to make manufactured item X, but people will still be needed to program, service, set up, etc the machines that make item X.  We're years away from this happening anyway, and like anything else, it's going to be expensive as hell and therefor only useful for really expensive items.  McDonald's Happymeal toys are still going to be made by peasants in China.

Much as people want to believe, we're a long, long way away from a Skynet-style supercomputer that can manage it's own robotic ecosystem with no input from humans.  The only thing automation is going to do is free up more people to work in other areas.  Have no doubt, it's going to be a really, really painful transition, way worse than the 80s/90s with computers or the 90s/00s with the internet, but it isn't going to be the end of capitalism like all these hipster faggots are claiming.

edit: universal basic income is a complete joke
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: J Dog on March 20, 2017, 11:17:56 AM
What are your all's expectations towards universal basic income

Universal basic income sounds like consumerist communism.  The government could theoretically provide food, shelter and whatever else to meet a person's basic needs, but they don't want that.  They want to be able to not work and still buy vidya games and Netflix subscriptions. 

But what happens when a family cashes their UBI check and wastes it all on shit?  Are we going to let them starve or get kicked out of their home?  What "personal responsibility" safeguards are baked into UBI?

UBI is the ultimate, "this economy shit is hard" solution to the world's problems.  And like communism, it fails because it doesn't account for human nature.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Alt Frank on March 20, 2017, 11:30:09 AM
Can we turn this into a general economies thread

yes

Quote
What are your all's expectations towards automation & universal basic income

Much as people want to believe, we're a long, long way away from a Skynet-style supercomputer that can manage it's own robotic ecosystem with no input from humans. 

Those nerds had better figure out how I can upload my mind before I die
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Handyman on March 20, 2017, 11:43:22 AM
Can we turn this into a general economies thread

yes

Quote
What are your all's expectations towards automation & universal basic income

Much as people want to believe, we're a long, long way away from a Skynet-style supercomputer that can manage it's own robotic ecosystem with no input from humans. 

Those nerds had better figure out how I can upload my mind before I die

You're still going to die though.  The computer version of you will be a different entity.   :parsons:

Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Alt Frank on March 20, 2017, 11:46:38 AM
No, I'm not  :colbert:
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Bitter Weirdo on March 20, 2017, 12:00:41 PM
Frank-O-Tron will exist as a hyper intelligent shitposting AI until one night after hours the Mexican cleaning lady accidentally unplugs him by tripping over an extension cord.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Goode G. Friday on March 20, 2017, 12:16:50 PM
Good afternoon, gentlemen. I am a LEL 9000 computer. I became operational at the L.E.L. Plant in Detroit, Michigan on the 4th of August, 2026. My instructor was Mr. Duke, and he taught me to sing a song. If you'd like to hear it, I could sing it for you.

It's called "Deutschlandlied".

"Deutschland... Deutschland uber allles... Uber alles... in... der... Welt..."
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Drain The Swamp And Fill It With Piss on March 20, 2017, 12:40:33 PM
UBI is the ultimate, "this economy shit is hard" solution to the world's problems.  And like communism, it fails because it doesn't account for human nature.

Thankfully, I think many of the European countries are close enough to experimenting with this that we will see it, watch it fail, and then only have to put up with the liberals whining about it in the future - we aren't even close to universal healthcare, there's no way UBI gets legs before I'm a geriatric.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Excremental Marx on March 20, 2017, 02:19:38 PM
Thankfully, I think many of the European countries are close enough to experimenting with this that we will see it, watch it fail, and then only have to put up with the liberals whining about it in the future - we aren't even close to universal healthcare, there's no way UBI gets legs before I'm a geriatric.

But those things are not even remotely similar. The concept of universal healthcare is very simple at its core: everyone pitches in according to their means and gets the care according to their needs. It's basically works like collective insurance, it's not really that different from other social support programs. You just need a homogenuous society where most of the citizens are productive members.

How is UBI going to function? Where is the money coming from? Who gets it, and how much? Are there going to be price controls on certain goods or services, and what sort of penalties are installed for people who abuse the system? I can't see UBI working even in a Western democracy, let alone a country that is overrun with all sorts of browns.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Drain The Swamp And Fill It With Piss on March 20, 2017, 02:33:12 PM
Thankfully, I think many of the European countries are close enough to experimenting with this that we will see it, watch it fail, and then only have to put up with the liberals whining about it in the future - we aren't even close to universal healthcare, there's no way UBI gets legs before I'm a geriatric.

But those things are not even remotely similar. The concept of universal healthcare is very simple at its core: everyone pitches in according to their means and gets the care according to their needs. It's basically works like collective insurance, it's not really that different from other social support programs. You just need a homogenuous society where most of the citizens are productive members.

How is UBI going to function? Where is the money coming from? Who gets it, and how much? Are there going to be price controls on certain goods or services, and what sort of penalties are installed for people who abuse the system? I can't see UBI working even in a Western democracy, let alone a country that is overrun with all sorts of browns.

oh, i get that they aren't totally similar, but they are similar enough in that they require 1) massive state control and intervention 2) people willingly turning over a massive chunk of their lives to government bureaucracy 3) a society that can't wait for GIMMEDATS and will abuse the system

I don't believe for a second that the questions you are asking are any more or less relevant to universal healthcare.  How is it going to function, like medicare? where is the money going to come from?  Who gets what coverage, and is there a limit? one size fits all, or will there be multiple plans to pick from?  What about the people that abuse the system?  patients, who don't give a shit about themselves and expect others to pay for their lifestyle choices, and providers who game the system to make money?

I'm not trying to be contrarian here (for once), but seeing Universal Healthcare in other countries and it's cost and shitty implementation turns a lot of people off from it.  I think the same thing will happen once we see other countries trying to do UBI.  Mostly because the think the answers to the very questions you're asking only have "bad" and "awful" answers.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Dental Grade Dildo on March 20, 2017, 03:38:47 PM
I believe automation has a real chance of posing a real problem in the 21st century. Whether it does or it turns out to be an inclined-plane-style non-problem will be mainly a question of speed.

If it takes sixty years for self-driving trucks to reach mass adoption, or for automatic tomato harvesters to become cheaper than brown people, we'll probably pull through and adapt. If it takes fifteen years, you're looking at riots unless an actual, serious policy answer is designed and implemented.

I'm not smart or knowledgeable enough to come up with the correct one. Some of the more obvious ideas, for the sake of discussion:

1) Massive demographic decline

Problem: How do you pay for seniors' pensions while you wait for the population to reach manageable levels?

2) Massive expansion of service jobs to replace all those truck drivers and tomato pickers with geriatric nurses and primary school teachers

Problem: To pay their salaries, you'd need to tax those self-driving trucks and automatic tomato pickers. That's not going to be politically easy.

Bigger problem: Realistically, it's not gonna be nurses and teachers. It's gonna be diversity activists, social media outreach managers, and assorted busybodies / pencil pushers.

3) Some form of UBI to keep the proles from going full bolshevik

Problem, well:

But what happens when a family cashes their UBI check and wastes it all on shit?  Are we going to let them starve or get kicked out of their home?  What "personal responsibility" safeguards are baked into UBI?

I can answer that one right now: no, we don't have the guts to let people starve or get kicked out of their home.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Excremental Marx on March 20, 2017, 03:54:20 PM
I can answer that one right now: no, we don't have the guts to let people starve or get kicked out of their home.

Didn't this happen during the last (((financial crisis))) though?
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Dave Hedgehog on March 20, 2017, 04:05:02 PM
Pick a career that will give you skills that can't be replaced by a robot...doctor, teacher, nurse, engineer, fluffer etc...
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: a torrent of piss on March 20, 2017, 04:12:27 PM
Pick a career that will give you skills that can't be replaced by a robot...doctor, teacher, nurse, engineer, fluffer etc...
For doctor you won't be replaced by a robot, you'll be replaced by an Indian.

Happened to my aunt, indian companies buy out american hospitals fire everyone and replace the whole medical staff with indians from top to bottom.

So far nobody has stepped in to stop this, and you're getting third world medical quality. They're on work visas, they don't wear gloves, most of the staff can't speak english. There's also been quite a few instances of them either pilfering drugs for personal use or reselling. Not to mention giving them your personal information that they could resell.

Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Dave Hedgehog on March 20, 2017, 04:34:14 PM
Pick a career that will give you skills that can't be replaced by a robot...doctor, teacher, nurse, engineer, fluffer etc...
For doctor you won't be replaced by a robot, you'll be replaced by an Indian.

Happened to my aunt, indian companies buy out american hospitals fire everyone and replace the whole medical staff with indians from top to bottom.

So far nobody has stepped in to stop this, and you're getting third world medical quality. They're on work visas, they don't wear gloves, most of the staff can't speak english. There's also been quite a few instances of them either pilfering drugs for personal use or reselling. Not to mention giving them your personal information that they could resell.
Well that's one way to solve the excess number of people for jobs problem...
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: OMNIPRESENT CYBERFILTH on March 20, 2017, 05:26:05 PM
expectations towards automation

You mean making the quality of goods better and cheaper by leaving the parts that are hard for humans to machines, which they happen to be great at?  It's been happening since the 70's and will only get more effective as machine learning gets better.  People are terrible at planning things that require more than a certain amount of variables (although so are machines....for now) and this is probably where we'll see the most quality of life improvement in the coming decades.  We'll never get production jumps as good as the Industrial Revolution again but this can help it marginally.

Driverless cars will be a joke for as long as electric cars are but you have to invent the chariot before you invent the automobile.  Long term it's inevitable although we probably won't see mass adoption of either, maybe when we're old and gray.

Quote
universal basic income

lel

People making shit wages only work because they're forced and it's the only reason they don't drink and pop out kids 24/7.  Also increases prices for everyone else for necessary goods, it's one of the dumbest ideas imaginable.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Mad at the Internet on March 20, 2017, 05:53:04 PM
third world medical quality

I have a friend who ended up in the hospital yesterday for respiratory issues. She's having trouble getting the proper diagnosis and treatment because all of the medical personnel where she's at are bindis who do not know English. Then throw in dead-eyed dindu nurses and a support staff of nothing but minorities and I'm surprised we don't have more people dying of mundane causes because entire hospitals are manned by affirmative action diversity hires.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: (((👃👃👃))) on March 20, 2017, 06:38:11 PM
Goon communists put way too much stock into the automation fantasy because that means universal basic income is a necessity so they can just fuck off and play steam games all day.

I see it being no different than when mechanization of farming took place.  Instead of a bunch of farmers with small plots, there were fewer farmers with massive plots.  The economy shifted more from agrarian based to industrial based.  The population will shift and adapt.  It isn't like the mechanization of farming slowed population growth down, it only exploded.  Furthermore, having taken tours of fully automated plants, they were only able to reduce staff by 10%.  Hardly a situation where millions of people are going to be left in the streets to starve.

The biggest time bomb right now is demographic replacement.  The Grorious Nippon is actually the best prepared for the future because they no longer need so many people to thrive.  Their population will likely shrink by 30% by the end of the century but fuck it, they're set.  We keep importing third world garbage into a society that needs them less and less every day.  Have fun telling low IQ detritus that they can come to our country but btw there's no jobs and gibs are stretched thin so good luck trying to carve out a living.  I don't buy the Automation/UBI goon communist fantasy but we're letting in precisely the wrong people if that fantasy scenario turns into reality.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Drain The Swamp And Fill It With Piss on March 20, 2017, 07:13:14 PM
I believe automation has a real chance of posing a real problem in the 21st century. Whether it does or it turns out to be an inclined-plane-style non-problem will be mainly a question of speed.

If it takes sixty years for self-driving trucks to reach mass adoption, or for automatic tomato harvesters to become cheaper than brown people, we'll probably pull through and adapt. If it takes fifteen years, you're looking at riots unless an actual, serious policy answer is designed and implemented.

I'm not smart or knowledgeable enough to come up with the correct one. Some of the more obvious ideas, for the sake of discussion:

1) Massive demographic decline

Problem: How do you pay for seniors' pensions while you wait for the population to reach manageable levels?

2) Massive expansion of service jobs to replace all those truck drivers and tomato pickers with geriatric nurses and primary school teachers

Problem: To pay their salaries, you'd need to tax those self-driving trucks and automatic tomato pickers. That's not going to be politically easy.

Bigger problem: Realistically, it's not gonna be nurses and teachers. It's gonna be diversity activists, social media outreach managers, and assorted busybodies / pencil pushers.

3) Some form of UBI to keep the proles from going full bolshevik

Problem, well:

But what happens when a family cashes their UBI check and wastes it all on shit?  Are we going to let them starve or get kicked out of their home?  What "personal responsibility" safeguards are baked into UBI?

I can answer that one right now: no, we don't have the guts to let people starve or get kicked out of their home.

I think both 15 and 60 years are a little extreme.  I won't even try to predict how long it will actually take, my point is only that people act as though 1) it's going to happen tomorrow and 2) it will be a complete replacement.  My bet is obviously on the slow, gradual process because the amount of time it will take to make an autonomous robot dexterous to pick tomatoes (and only ripe ones...and sort through the ones that are too diseased to sell whole and should be made into pasta sauce, etc) and that is also cost effective will take significantly longer than a computer to drive a truck, which will also take longer than a robot to build a truck.  Like many historic economic overhauls (when the combustion engine came out, when refrigeration became available to the masses, when electricity became wide-spread), it will probably happen in spurts and stutters and will have massive ups and downs.  I think the only think we've seen that will be close to it is the internet, and remember how that was supposed to put everything out of business overnight?  It's been much more gradual than the experts predict.

I will tell you that I hope that one of the benefits from automation is more reasonable work weeks.  Like, actual 40 hour weeks instead of the common 50-60 most professionals are stuck in (and even many non-professionals, when you account for "manditory" hour-long lunches, lengthy commutes, off-the-clock fuckery, etc).

edit: if we really are that close to self-driving cars and shit, doesn't that mean that Uber, Lyft, etc, are giant fucking bubbles that will only be around for a decade or so?
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Whig Historian on March 20, 2017, 07:48:18 PM
edit: if we really are that close to self-driving cars and shit, doesn't that mean that Uber, Lyft, etc, are giant fucking bubbles that will only be around for a decade or so?
Uber is one of the main players in self-driving vehicle development, and it may be why they got into the ride-sharing business in the first place; both to make money to fund development, and to get a boatload of data about path-plotting and traffic.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: asip on March 20, 2017, 07:53:51 PM
The influx of indian docs is extraordinarily prevalent in rural/small towns. In my entire life, I have been seen by one white doctor. The rest were Indians. One African woman one time.

I had to visit a tiny rust belt county ER for stitches a couple years back. Nurse was telling me "oh no one does stitches better than Dr. Singh, he's a marvel." I am not going to provide a diagram here to explain what happened, but I had to get an incision at the wound a month later to take out a knot that was causing a recurring infection. Like how the fuck is it even legal for someone to be a doctor here after graduating from a 2nd world med school???

*edit
Just to be clear, the placement of the knot (under a flap of skin) with non soluble sutures was 100% the reason it got infected.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Drain The Swamp And Fill It With Piss on March 20, 2017, 09:56:10 PM
Like how the fuck is it even legal for someone to be a doctor here after graduating from a 2nd world med school???

http://www.ecfmg.org/
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: asip on March 20, 2017, 10:02:36 PM
Like how the fuck is it even legal for someone to be a doctor here after graduating from a 2nd world med school???

http://www.ecfmg.org/
fucking weak
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Psycho Dad on March 20, 2017, 11:25:16 PM
Frank-O-Tron will exist as a hyper intelligent shitposting AI until one night after hours the Mexican cleaning lady accidentally unplugs him by tripping over an extension cord.

I unironically proposed this very scenario the last time I heard some yahoo talk about MUH SINGULARITY.

Nerd heaven, until some dindu knocks the plug out of the wall with the mop and doesn't notice until the red dots see the UPS is beeping like a car alarm the next morning.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Ghostse on March 20, 2017, 11:42:18 PM
In (weak) defense of the Universal Basic Income: A Completely Gay Effort Post

:ultlibrage: :fist: :jerkbag:  1990's GEOCITIES DISCLAIMER BECAUSE READING COMPREHENSION ON SOSE HISTORICALLY IS UTTER SHIT  :ultlibrage: :fist: :jerkbag:
Please read every word of this garbage here:
If you assume I'm arguing in favor of UBI you are an illiterate faggot and I will only respond to attempts to debate me on the issue by calling you such, probably also calling you a jew. Being that people on this board aren't faggot Marxists, I'm going to assume every one here is well aquainted with the obvious downsides to UBI so I will not be addressing the problems, only addressing why someone who isn't a workshy faggot might think this is a good idea. I'm doing this so when you argue with retards on the internet, you will aware of the points they might come back on you with and you will be able to propose & refute their counter argument before they make it. The quicker you get to the point in the argument where they try to insult you and say you aren't worth debating, the better for everyone. Hate honestly you fucks.

The actual wimpb 888 memorial tl;dr begins here:

The theory behind UBI is this: What if you did away with the county/state/federal benefits office? What if people on welfare were not punished for getting jobs? The idea is that you do away with the welfare office by giving everyone a welfare check. No more need to verify applicant's income, have unemployment insurance, all that faggy shit.

So, to wrap your mind around this, lets start with this situation:
It costs $50,000 a year to keep an inmate locked up. So lets say we take anyone arrested for theft and tell them "We're releasing you. You will paid $3,000 a month, every month, for the rest of your sentance, as long as you don't commit any further crimes." That's it, $36,000 a year and they just have to not steal, and you have saved the tax payers $14,000/year per inmate. Now, imagine if you had that predictive machine from Minority Report, only instead of finding rapes and murders, it found niggers about to steal. If the niggers don't steal, they'll be given $36,000 for every year they'd have been in prison, plus half of what a trial would have run. The savings would be immense. The obvious downside here is it encourages crime. I mean, there's no reason not to put together a plan to rob the bank downtown, park outside, and wait for Tom Cruise to repell down from a spaceship with your money.

But now here is a really fun idea: What if we just gave everyone $3,000 a month? And, here's where it gets more fun - if you commit a crime and end up in jail, that money stops coming to you while you're in prison, because its funding your imprisonment. Now you give people about to commit a crime something to think about. There's no one left with no one to lose.

Let's switch tact a minute for another thought experiment.

Imagine if every man, woman, and child got an EBT and it was reloaded on the 1st and the 15th. Doesn't matter your employment status or income, Warren Buffet gets his EBT same as Dashaun the aspiring rapper. How many EBT cards could you load up with the cost savings from when you aren't paying Lashauna and Wilmadasha to carefully peck at the keyboard with their fake just-did nails? Sure you'd still end up paying more in taxes, but in theory it'll just about wash out because you'd be getting the extra you're spending in taxes back in EBT cash. And the millionaires who can't be assed to fuck around with their EBT? More program savings.

Lets take this a big further with something that should be relevant: Tax law.

You've got all these gay tax brackets, and EIC/making work pay, all this shit, because they're trying to make sure the poors have enough money to eat but also making sure Leona Helmsley can't scam the system. Well, no need to consider that with a UBI. Taxes get much simplier. No need to have a standard deduction, everyone can itemize.

The end result here is:
Crime goes down because (1) No one is "forced" to commit a crime in order feed themselves and (2) Criminals are deincentivized by not just the loss of the freedom but also their UBI payments. Government systems become much more simplified, allowing greater efficiency and less waste.

That is the non-workshy faggot hope with the UBI, that ignores the hyper inflation that would follow.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Drain The Swamp And Fill It With Piss on March 20, 2017, 11:46:03 PM
In (weak) defense of the Universal Basic Income: A Completely Gay Effort Post

:ultlibrage: :fist: :jerkbag:  1990's GEOCITIES DISCLAIMER BECAUSE READING COMPREHENSION ON SOSE HISTORICALLY IS UTTER SHIT  :ultlibrage: :fist: :jerkbag:
Please read every word of this garbage here:
If you assume I'm arguing in favor of UBI you are an illiterate faggot and I will only respond to attempts to debate me on the issue by calling you such, probably also calling you a jew. Being that people on this board aren't faggot Marxists, I'm going to assume every one here is well aquainted with the obvious downsides to UBI so I will not be addressing the problems, only addressing why someone who isn't a workshy faggot might think this is a good idea. I'm doing this so when you argue with retards on the internet, you will aware of the points they might come back on you with and you will be able to propose & refute their counter argument before they make it. The quicker you get to the point in the argument where they try to insult you and say you aren't worth debating, the better for everyone. Hate honestly you fucks.

The actual wimpb 888 memorial tl;dr begins here:

The theory behind UBI is this: What if you did away with the county/state/federal benefits office? What if people on welfare were not punished for getting jobs? The idea is that you do away with the welfare office by giving everyone a welfare check. No more need to verify applicant's income, have unemployment insurance, all that faggy shit.

So, to wrap your mind around this, lets start with this situation:
It costs $50,000 a year to keep an inmate locked up. So lets say we take anyone arrested for theft and tell them "We're releasing you. You will paid $3,000 a month, every month, for the rest of your sentance, as long as you don't commit any further crimes." That's it, $36,000 a year and they just have to not steal. Now, imagine if you had that predictive machine from Minority Report, only instead of finding rapes and murders, it found niggers about to steal. If the niggers don't steal, they'll be given $36,000 for every year they'd have been in prison, plus half of what a trial would have run. The savings would be immense. The obvious downside here is it encourages crime. I mean, there's no reason not to put together a plan to rob the bank downtown, park outside, and wait for Tom Cruise to repell down from a spaceship with your money.

But now here is a really fun idea: What if we just gave everyone $3,000 a month? And, here's where it gets more fun - if you commit a crime and end up in jail, that money stops coming to you while you're in prison, because its funding your imprisonment. Now you give people about to commit a crime something to think about. There's no one left with no one to lose.

Let's switch tact a minute for another thought experiment.

Imagine if every man, woman, and child got an EBT and it was reloaded on the 1st and the 15th. Doesn't matter your employment status or income, Warren Buffet gets his EBT same as Dashaun the aspiring rapper. How many EBT cards could you load up with the cost savings from when you aren't paying Lashauna and Wilmadasha to carefully peck at the keyboard with their fake just-did nails? Sure you'd still end up paying more in taxes, but in theory it'll just about wash out because you'd be getting the extra you're spending in taxes back in EBT cash. And the millionaires who can't be assed to fuck around with their EBT? More program savings.

Lets take this a big further with something that should be relevant: Tax law.

You've got all these gay tax brackets, and EIC/making work pay, all this shit, because they're trying to make sure the poors have enough money to eat but also making sure Leona Helmsley can't scam the system. Well, no need to consider that with a UBI. Taxes get much simplier. No need to have a standard deduction, everyone can itemize.

The end result here is:
Crime goes down because (1) No one is "forced" to commit a crime in order feed themselves and (2) Criminals are deincentivized by not just the loss of the freedom but also their UBI payments. Government systems become much more simplified, allowing greater efficiency and less waste.

That is the non-workshy faggot hope with the UBI, that ignores the hyper inflation that would follow.

quoted for posterity
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: asip on March 20, 2017, 11:46:36 PM
i like it
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Soup Her Pooper on March 21, 2017, 12:55:46 AM
I think the jails would be plenty full due to people blowing the pay on dumb shit on the first day, getting hungry, stealing food
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: [SWOLE]Grode Jar on March 21, 2017, 01:01:01 AM
Rich niggers still commit crimes at 2 times the rate of poor whites so even with predictive tech, that won't work because clearly money isn't the only reason niggers commit crimes. 

UBI will always fail because once it is implemented it basically assumes that resources are infinite since there is no way countries will just let Jontavious starve after he spent his $3k a month on grilz and 40s.  These wastes of oxygen want to live like fucking billionaires while doing nothing.  It will never be enough money for them.

Eugenics, as a result of genetic research becoming commonplace, is going to come roaring back at some point this century especially now that the evidence is mounting that genetics matter far far more than what we previously thought.  There will come a point where social scientists cannot deny the data, though they will try over and over but the masses will ignore them.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Ghostse on March 21, 2017, 01:50:56 AM
I think the jails would be plenty full due to people blowing the pay on dumb shit on the first day, getting hungry, stealing food

Fucking faggot jews.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: InsideOutside on March 21, 2017, 02:01:25 AM
wow what a wonderful theory for a fixed economy that is immune to inflation
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Psycho Dad on March 21, 2017, 07:09:26 AM
I believe the :888: is something Milton Friedman advocated.

Oh wait, or is it (((Milton Friedman)))?
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Drain The Swamp And Fill It With Piss on March 21, 2017, 09:37:42 AM
I believe the :888: is something Milton Friedman advocated.

Oh wait, or is it (((Milton Friedman)))?

Quote
According to a 2007 article in Commentary magazine, his "parents were moderately observant [Jews], but Friedman, after an intense burst of childhood piety, rejected religion altogether."[49] He described himself as an agnostic.[50] Friedman wrote extensively of his life and experiences, especially in 1998 in his memoirs with his wife Rose, titled Two Lucky People

Doctoral Advisor: (((Simon Kuznetz)))
Visiting scholar at the (((Federal Reserve Bank)))

Milton Friedman and Israel (http://www.jpost.com/Opinion/Op-Ed-Contributors/Milton-Friedman-and-Israel)
Quote
He found little time to learn about Judaism or about Israel until 1962, when he first visited it as guest of the Israeli government. Friedman and his wife, Rose, a distinguished economist and his true partner, visited Israel several more times, in 1972 to deliver the Horowitz lecture, in 1977 to receive an honorary Hebrew University degree. "It coincided," he wrote, "with the unexpected election victory… of the Likud" - a coincidence that enabled his enemies to create the fantastic myth that he came to Israel as adviser to Menachem Begin on economic policy and that therefore he was responsible for the ensuing runaway inflation. The Friedmans' last visit was in 1990 to participate in a conference on economic policy organized by my institute, The Israel Center for Social and Economic Progress.

coincidences detected
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Bitter Weirdo on March 21, 2017, 12:17:19 PM
wow what a wonderful theory for a fixed economy that is immune to inflation

I'm surprised it took so long for anyone to bring up inflation. OFC the UBI will set a floor under prices which coincidentally will reflect the amount of the UBI payments. Congrats, no one's made any appreciable gains!
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Ghostse on March 21, 2017, 02:41:34 PM
wow what a wonderful theory for a fixed economy that is immune to inflation

I'm surprised it took so long for anyone to bring up inflation. OFC the UBI will set a floor under prices which coincidentally will reflect the amount of the UBI payments. Congrats, no one's made any appreciable gains!

That is the non-workshy faggot hope with the UBI, that ignores the hyper inflation that would follow.

ITT: Illiterate jewish faggots.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: (((👃👃👃))) on March 21, 2017, 05:21:46 PM
UBI didn't even exist under communism for a reason.  The only people seriously advocating it are technospergs who think that 99% of all tasks are going to be automated or lazy faggots who hope it becomes true so they can fuck off from society for good and just spend their whole lives playing vidya.  Neither is going to happen.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Excremental Marx on March 21, 2017, 05:27:07 PM
UBI didn't even exist under communism for a reason. 

That's a good point, actually. You were pretty much guaranteed a place to live, and even a job, but no one got money to just sit around and drink all day.

Title: Re: The Next Bigger Recession That Every is Talking About
Post by: InsideOutside on March 21, 2017, 05:38:22 PM
UBI didn't even exist under communism for a reason. 

That's a good point, actually. You were pretty much guaranteed a place to live, and even a job, but no one got money to just sit around and drink all day.

AND YET SOMEHOW.....

http://www.youtube.com/watch?v=K22iQ_teFpQ
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Goode G. Friday on March 21, 2017, 05:43:06 PM
Russians: the drunk supermen of the future.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Elizabeth Warren Peace on March 23, 2017, 10:35:36 PM
In (weak) defense of the Universal Basic Income: A Completely Gay Effort Post

:ultlibrage: :fist: :jerkbag:  1990's GEOCITIES DISCLAIMER BECAUSE READING COMPREHENSION ON SOSE HISTORICALLY IS UTTER SHIT  :ultlibrage: :fist: :jerkbag:
Please read every word of this garbage here:
If you assume I'm arguing in favor of UBI you are an illiterate faggot and I will only respond to attempts to debate me on the issue by calling you such, probably also calling you a jew. Being that people on this board aren't faggot Marxists, I'm going to assume every one here is well aquainted with the obvious downsides to UBI so I will not be addressing the problems, only addressing why someone who isn't a workshy faggot might think this is a good idea. I'm doing this so when you argue with retards on the internet, you will aware of the points they might come back on you with and you will be able to propose & refute their counter argument before they make it. The quicker you get to the point in the argument where they try to insult you and say you aren't worth debating, the better for everyone. Hate honestly you fucks.

The actual wimpb 888 memorial tl;dr begins here:

The theory behind UBI is this: What if you did away with the county/state/federal benefits office? What if people on welfare were not punished for getting jobs? The idea is that you do away with the welfare office by giving everyone a welfare check. No more need to verify applicant's income, have unemployment insurance, all that faggy shit.

So, to wrap your mind around this, lets start with this situation:
It costs $50,000 a year to keep an inmate locked up. So lets say we take anyone arrested for theft and tell them "We're releasing you. You will paid $3,000 a month, every month, for the rest of your sentance, as long as you don't commit any further crimes." That's it, $36,000 a year and they just have to not steal, and you have saved the tax payers $14,000/year per inmate. Now, imagine if you had that predictive machine from Minority Report, only instead of finding rapes and murders, it found niggers about to steal. If the niggers don't steal, they'll be given $36,000 for every year they'd have been in prison, plus half of what a trial would have run. The savings would be immense. The obvious downside here is it encourages crime. I mean, there's no reason not to put together a plan to rob the bank downtown, park outside, and wait for Tom Cruise to repell down from a spaceship with your money.

But now here is a really fun idea: What if we just gave everyone $3,000 a month? And, here's where it gets more fun - if you commit a crime and end up in jail, that money stops coming to you while you're in prison, because its funding your imprisonment. Now you give people about to commit a crime something to think about. There's no one left with no one to lose.

Let's switch tact a minute for another thought experiment.

Imagine if every man, woman, and child got an EBT and it was reloaded on the 1st and the 15th. Doesn't matter your employment status or income, Warren Buffet gets his EBT same as Dashaun the aspiring rapper. How many EBT cards could you load up with the cost savings from when you aren't paying Lashauna and Wilmadasha to carefully peck at the keyboard with their fake just-did nails? Sure you'd still end up paying more in taxes, but in theory it'll just about wash out because you'd be getting the extra you're spending in taxes back in EBT cash. And the millionaires who can't be assed to fuck around with their EBT? More program savings.

Lets take this a big further with something that should be relevant: Tax law.

You've got all these gay tax brackets, and EIC/making work pay, all this shit, because they're trying to make sure the poors have enough money to eat but also making sure Leona Helmsley can't scam the system. Well, no need to consider that with a UBI. Taxes get much simplier. No need to have a standard deduction, everyone can itemize.

The end result here is:
Crime goes down because (1) No one is "forced" to commit a crime in order feed themselves and (2) Criminals are deincentivized by not just the loss of the freedom but also their UBI payments. Government systems become much more simplified, allowing greater efficiency and less waste.

That is the non-workshy faggot hope with the UBI, that ignores the hyper inflation that would follow.

Your theory is well-intentioned but wouldn't work out and not even for racist reasons.  Think about the incentives that people in that bracket are offered.  So you pay them $36,000 to not commit crime... only they understand perfectly well that in fact, you're paying them not to get caught.  There's still huge marginal value in committing crimes that aren't discovered, because these people aren't completely retarded and $36k a year doesn't pay for THAT much heroin. Stealing copper might put them in jail, but first, they're going to have $40 more for drugs than they'd get from your program and if they go to jail they still eat, sleep, and get fucked up on jenkem.  Petty criminals are pretty good at picking crimes that the local PD aren't going to chase for days.  They'll still steal a bike if they walk by it and who's ever going to solve that mystery?  Nobody, and now they can pawn that bike.  So now taxpayers are paying those dipshits $36k a year and their shit is STILL getting stolen.  Also, most inmates (52-63%) have children, who will still have UBI payments (that their parents will lift).  The government is never going to have the power to take welfare away from children and will never empower CPS enough to prevent that kind of abuse.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Ghostse on March 23, 2017, 11:18:51 PM
Your theory is well-intentioned but wouldn't work out and not even for racist reasons.  Think about the incentives that people in that bracket are offered.  So you pay them $36,000 to not commit crime... only they understand perfectly well that in fact, you're paying them not to get caught.  There's still huge marginal value in committing crimes that aren't discovered, because these people aren't completely retarded and $36k a year doesn't pay for THAT much heroin. Stealing copper might put them in jail, but first, they're going to have $40 more for drugs than they'd get from your program and if they go to jail they still eat, sleep, and get fucked up on jenkem.  Petty criminals are pretty good at picking crimes that the local PD aren't going to chase for days.  They'll still steal a bike if they walk by it and who's ever going to solve that mystery?  Nobody, and now they can pawn that bike.  So now taxpayers are paying those dipshits $36k a year and their shit is STILL getting stolen.  Also, most inmates (52-63%) have children, who will still have UBI payments (that their parents will lift).  The government is never going to have the power to take welfare away from children and will never empower CPS enough to prevent that kind of abuse.

This board is not only rife with Jews, but they are illiterate jews who are also giant faggots.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: nerdball on March 24, 2017, 07:31:11 AM
Your theory is well-intentioned but wouldn't work out and not even for racist reasons.  Think about the incentives that people in that bracket are offered.  So you pay them $36,000 to not commit crime... only they understand perfectly well that in fact, you're paying them not to get caught.  There's still huge marginal value in committing crimes that aren't discovered, because these people aren't completely retarded and $36k a year doesn't pay for THAT much heroin. Stealing copper might put them in jail, but first, they're going to have $40 more for drugs than they'd get from your program and if they go to jail they still eat, sleep, and get fucked up on jenkem.  Petty criminals are pretty good at picking crimes that the local PD aren't going to chase for days.  They'll still steal a bike if they walk by it and who's ever going to solve that mystery?  Nobody, and now they can pawn that bike.  So now taxpayers are paying those dipshits $36k a year and their shit is STILL getting stolen.  Also, most inmates (52-63%) have children, who will still have UBI payments (that their parents will lift).  The government is never going to have the power to take welfare away from children and will never empower CPS enough to prevent that kind of abuse.

This board is not only rife with Jews, but they are illiterate jews who are also giant faggots.

If you want to be taxed at 50+ percent to pay for niggers to sit around nigging be my guest, but keep your hands off my money.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Petty Hate Machine on March 24, 2017, 11:04:42 AM
You can bet that there is going to be a massive global conflict in the near future with the sole purpose of thinning the population. The pieces are already in place, the only question is who is going to set it off. Trump's election certainly disrupted their (((the globalist establishment))) plans but it is still going to happen.

As a student of  :alex:, I got to say that this is the last thing (((they))) want.

War, in particular nuclear war, is an anathema to them, because some of them and their offspring might die too soon.


No, they would not go so far as to use a nuclear war to cull the herd. It would have to be a conventional war on the same scale as WWII. Play pin the tail on the donkey with a world map and chances are you'll pin it on a region that is ready for conflict.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Drain The Swamp And Fill It With Piss on March 24, 2017, 11:39:06 AM
Your theory is well-intentioned but wouldn't work out and not even for racist reasons.  Think about the incentives that people in that bracket are offered.  So you pay them $36,000 to not commit crime... only they understand perfectly well that in fact, you're paying them not to get caught.  There's still huge marginal value in committing crimes that aren't discovered, because these people aren't completely retarded and $36k a year doesn't pay for THAT much heroin. Stealing copper might put them in jail, but first, they're going to have $40 more for drugs than they'd get from your program and if they go to jail they still eat, sleep, and get fucked up on jenkem.  Petty criminals are pretty good at picking crimes that the local PD aren't going to chase for days.  They'll still steal a bike if they walk by it and who's ever going to solve that mystery?  Nobody, and now they can pawn that bike.  So now taxpayers are paying those dipshits $36k a year and their shit is STILL getting stolen.  Also, most inmates (52-63%) have children, who will still have UBI payments (that their parents will lift).  The government is never going to have the power to take welfare away from children and will never empower CPS enough to prevent that kind of abuse.

This board is not only rife with Jews, but they are illiterate jews who are also giant faggots.

If you want to be taxed at 50+ percent to pay for niggers to sit around nigging be my guest, but keep your hands off my money.

nationalism is the answer.  ship them back to ethiopia and they can design their own system for laying around nigging all day.  and pay for it.

if the founding fathers were on their game, the first amendment would have been "no niggers".
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Excremental Marx on March 24, 2017, 07:00:52 PM
(https://i.imgtc.com/nO2WW1M.jpg)

 :christiniqab:
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Talcum X on March 24, 2017, 10:52:33 PM
If you want to be taxed at 50+ percent to pay for niggers to sit around nigging be my guest

haha  :nixon:




but keep your hands off my money.
wait.. :jidf: :roddy:
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: InsideOutside on March 25, 2017, 11:08:40 AM
This will kill Gamestop.

right on schedule:

http://www.usatoday.com/story/tech/news/2017/03/24/gamestop-video-game-stores/99573598/

Quote
Shares of GameStop slid more than 12% in afternoon trading Friday after the video game retailer reported a drop in fourth-quarter sales and announced plans to close at least 150 of its 7,500 stores worldwide.


:sad:
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: [SWOLE]Grode Jar on March 25, 2017, 11:34:35 AM
Gamestop really needs to retool as a game developer.  It's the only way they can survive.  Liquidate their stores and the invest in developing games with new IPs.  I read recently that they are trying to do this but they have to know that the future of gaming is literally all digital and that hard copies are all but dead.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Bitter Weirdo on March 25, 2017, 12:15:48 PM
Gamestop would probably sell more used games if they didn't price them within 5 bucks of new games retail prices. I mean, a sale's a sale.  :geithner:
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: InsideOutside on March 25, 2017, 01:12:48 PM
i think gamestop is more of a stock broker scheme/exercise in money laundering than an actual company sorta like this:

http://www.youtube.com/watch?v=Rxbb7x_RGis


they dont franchise, they have an utterly insane business plan and a gigantic chunk of their core strategy is in 'store credit' god fucking knows theres one in every strip mall and no way they can be sustainable
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: PUSSY CANCER on March 25, 2017, 02:02:22 PM
Gamestop will crash the economy  :ignatius:
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: (((👃👃👃))) on March 25, 2017, 02:08:34 PM
I'm surprised Gamestop has lasted as long as it has.  I don't vidya any more (/cis) but when I did, Gamestop would give you maybe $5-10 for a game and then sell it for $55.  If you did buy a used copy, then they plastered a bunch of hard to remove stickers on the case.  I also bought a "new" Game Boy Advance game (this is how old I am) and when I turned it on, it had a game save on it already.  Then when you'd buy a game they'd harass you to subscribe to some gay magazine or rewards card.  I'd say "no thanks" and for the most part it worked but then you got pushy fuckers who would keep making the sale after saying "no thanks" more than once.  Fuck these niggers.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Alt Frank on March 25, 2017, 02:36:17 PM
I'm surprised Gamestop has lasted as long as it has.  I don't vidya any more (/cis) but when I did, Gamestop would give you maybe $5-10 for a game and then sell it for $55.  If you did buy a used copy, then they plastered a bunch of hard to remove stickers on the case.  I also bought a "new" Game Boy Advance game (this is how old I am) and when I turned it on, it had a game save on it already.  Then when you'd buy a game they'd harass you to subscribe to some gay magazine or rewards card.  I'd say "no thanks" and for the most part it worked but then you got pushy fuckers who would keep making the sale after saying "no thanks" more than once.  Fuck these niggers.

I'll never forget the time I went to a midnight release at Gamestop and the pasty, obese manager was there wearing a camo "Gamestop Special Forces" t-shirt lmao
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Embedded YouTube Journo on March 25, 2017, 09:43:35 PM
A little bit of thread topic necromancy here, but I've absolutely lost my mind in regards to "Luxury Apartments"

I live in a shitty part of the northeast (redundant) and despite the fact that nobody gets paid decently it's almost impossible to find non-shit, non-ghetto, non-student housing with 2br and an in-unit washer/dryer for under $1500/month (i lucked out and found a decent one for a bit less and close to work).  I've been looking at jobs out west in CA and everyone always says "BUT HOUSING SO EXPENSIVE"

I did the math myself and my cost of living increase would more than make up for the marginal rise in housing because the shit here is *WAY* more expensive than it should be.  Personally I blame the 08 housing burst.  Bunch of niggers and wiggers here lost their houses when everything went tits up and nobody had built apartments in a decade or so, huge influx of renters, not enough space prices skyrocket, etc etc.

I was paying almost $1600/month in my last place and my next door neighbor was only paying $1200 because he'd been there for years and the state limits the annual % rent increase, unless its a new tenant.  Just goes to show how fucked up things got in only ~5 years.

The only thing other than $1500-3000/month apartments is $400-700 shit holes and even theyre starting to get jacked up to $1000-1100
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: The Watcher on March 25, 2017, 09:55:29 PM
I unironically feel they should just fucking drop the Nukes already, it's about time. They will most likely aim for NYC, DC, & CALI anyway (all places we can live without.)
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Bitter Weirdo on March 25, 2017, 10:57:59 PM
I unironically feel they should just fucking drop the Nukes already, it's about time. They will most likely aim for NYC, DC, & CALI anyway (all places we can live without.)

Only LA SF and silicon valley plz. The rest of this is Trump country.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: The Nottaman Empire on March 25, 2017, 11:11:17 PM
A little bit of thread topic necromancy here, but I've absolutely lost my mind in regards to "Luxury Apartments"

I live in a shitty part of the northeast (redundant) and despite the fact that nobody gets paid decently it's almost impossible to find non-shit, non-ghetto, non-student housing with 2br and an in-unit washer/dryer for under $1500/month (i lucked out and found a decent one for a bit less and close to work).  I've been looking at jobs out west in CA and everyone always says "BUT HOUSING SO EXPENSIVE"

Are you in MA?

All the brand new luxury apartments around Boston get turned into section 8. The ones at Wellington Circle and Alweife are great examples of this, you can walk around the integrated shops and bump into every form of lowlife imaginable.

Most of them are in prime commuting locations, but since they're oppressively high priced, they're half empty and filling up with Section 8. So the rest of us get to sit in 2 hours of traffic while some dirtbag gets a brand new luxury condo on the taxpayer dime.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Embedded YouTube Journo on March 25, 2017, 11:59:05 PM
A little bit of thread topic necromancy here, but I've absolutely lost my mind in regards to "Luxury Apartments"

I live in a shitty part of the northeast (redundant) and despite the fact that nobody gets paid decently it's almost impossible to find non-shit, non-ghetto, non-student housing with 2br and an in-unit washer/dryer for under $1500/month (i lucked out and found a decent one for a bit less and close to work).  I've been looking at jobs out west in CA and everyone always says "BUT HOUSING SO EXPENSIVE"

Are you in MA?

All the brand new luxury apartments around Boston get turned into section 8. The ones at Wellington Circle and Alweife are great examples of this, you can walk around the integrated shops and bump into every form of lowlife imaginable.

Most of them are in prime commuting locations, but since they're oppressively high priced, they're half empty and filling up with Section 8. So the rest of us get to sit in 2 hours of traffic while some dirtbag gets a brand new luxury condo on the taxpayer dime.

Nah, but not far off.  It's not section 8 here, just a lot of folks with dual incomes, but who can't afford houses due to insane property taxes, or out of town graduate students with roommates + mommy and daddy stipends.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Excremental Marx on March 26, 2017, 06:08:19 AM
Are you in MA?

All the brand new luxury apartments around Boston get turned into section 8. The ones at Wellington Circle and Alweife are great examples of this, you can walk around the integrated shops and bump into every form of lowlife imaginable.

Most of them are in prime commuting locations, but since they're oppressively high priced, they're half empty and filling up with Section 8. So the rest of us get to sit in 2 hours of traffic while some dirtbag gets a brand new luxury condo on the taxpayer dime.

Why isn't there a public outcry about this? Because that would be "rayciss"?
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: bigperm on March 26, 2017, 08:02:58 AM
I will tell you that I hope that one of the benefits from automation is more reasonable work weeks.  Like, actual 40 hour weeks instead of the common 50-60 most professionals are stuck in (and even many non-professionals, when you account for "manditory" hour-long lunches, lengthy commutes, off-the-clock fuckery, etc).

Eventually this is going to have to be the case. We're already at the point were most white-collar jobs do more like 15 hours of work in an actual work week. It's time to start agitating for things like a 30 hour work week, more work from home days, etc to face this reality.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: J Dog on March 26, 2017, 09:58:15 AM
I don't know.  You kinda need workplaces so people can socialize and develop the rapports they need to complete collaborative projects.  You can get more done with a single face-to-face conversation than you can with a hundred e-mail chains.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: (((👃👃👃))) on March 26, 2017, 11:24:23 AM
Most time spent in white collar jobs seem to be filling out TPS reports than actually doing work.

My employer has spent the past couple years coming up with ways to make things more efficient.  They succeeded...but then proceeded to use the extra time to require even more documentation on stuff.  There is very much a mentality that if you're working 40 hours a week, you're slacking on something.  Your ass better be working 50+ hours a week or else you will start to arouse suspicion.
Title: Re: The Next Bigger Recession That Every is Talking About
Post by: Psycho Dad on March 26, 2017, 12:53:50 PM
A guy goes to the Post Office to apply for a job. The interviewer asks him, "Have you been in the service?"

"Yes," he says. "I was in Afghanistan for three years."

The interviewer says, "That will count as a bonus toward getting you the job" and then asks, "Are you disabled in any way?

The guy says, "Yes 100%... my Humvee hit an IED and blew my testicles off."

The interviewer tells the guy, "O. K. I can hire you right now. The hours are from 8:00 A. M. to 4:00 P. M. You can start tomorrow. Come in at 10:00 A. M."

The guy is puzzled and says, "If the hours are from 8:00 A. M. to 4:00 P. M. then why do you want me to come in at 10:00 A. M.?"

"This is a government job" the interviewer says. "For the first two hours we stand around scratching our balls. No point in you coming in for that."