Market Meltdown

[Shanghai industrial complex]

An large financial sector can draw money from all over the world.Capitalists all over the world will invest their money in the US stock market

It’s about stability and externalities. An overly large financial sector has incentives to be unstable. Corporations have perverse incentives to play the stock market without actually generating any more economic activity. Reminder that the greatest driver of any economy is aggregate demand, not supply, and in the US, that demand is consumer spending in particular. An overly large financial sector is hostile to both of those things.

I think this big financial institution is very dangerous.Last year, US investment banks began selling CDO, CDS again.It seems that one lesson is not enough.
The system is too complex and has too many components.The stock market is just a part of it.What do they sell?CDO,CDS,MBS,SM-MBS,MBS-CDO and others.CDS?The genius of Wall Street!They even insured the CDO!WTF!How many talents do they have to fall to the ground?
Finally, if you buy a financial product, its leverage can reach dozens of times.If you leverage all the links, you'll be doomed.That's why it happened in 2008.Now they're doing it again.
All I see is greed.The purpose of this system is to rob other people's money.

[Farnhamia]

It’s about stability and externalities. An overly large financial sector has incentives to be unstable. Corporations have perverse incentives to play the stock market without actually generating any more economic activity. Reminder that the greatest driver of any economy is aggregate demand, not supply, and in the US, that demand is consumer spending in particular. An overly large financial sector is hostile to both of those things.

I think this big financial institution is very dangerous.Last year, US investment banks began selling CDO, CDS again.It seems that one lesson is not enough.
The system is too complex and has too many components.The stock market is just a part of it.What do they sell?CDO,CDS,MBS,SM-MBS,MBS-CDO and others.CDS?The genius of Wall Street!They even insured the CDO!WTF!How many talents do they have to fall to the ground?
Finally, if you buy a financial product, its leverage can reach dozens of times.If you leverage all the links, you'll be doomed.That's why it happened in 2008.Now they're doing it again.
All I see is greed.The purpose of this system is to rob other people's money.

You might have a point here but it's buried so deep under acronyms that I can't understand it.

[True Refuge]

I think this big financial institution is very dangerous.Last year, US investment banks began selling CDO, CDS again.It seems that one lesson is not enough.
The system is too complex and has too many components.The stock market is just a part of it.What do they sell?CDO,CDS,MBS,SM-MBS,MBS-CDO and others.CDS?The genius of Wall Street!They even insured the CDO!WTF!How many talents do they have to fall to the ground?
Finally, if you buy a financial product, its leverage can reach dozens of times.If you leverage all the links, you'll be doomed.That's why it happened in 2008.Now they're doing it again.
All I see is greed.The purpose of this system is to rob other people's money.

You might have a point here but it's buried so deep under acronyms that I can't understand it.

This.

Basically they watched The Big Short.

[Uiiop]

You might have a point here but it's buried so deep under acronyms that I can't understand it.

This.

Basically they watched The Big Short.

Just watched that last night.

Makes me wonder if the senators were the only ones who saw this coming then made a buck off of it.

[Aclion]

Makes me wonder if the senators were the only ones who saw this coming then made a buck off of it.

You'd have to be really fucking dense not to see this coming the moment it started spreading in China. It's what makes the insider trader accusations going around so laughable. This shit hardly snuck up on us.

[Valrifell]

Makes me wonder if the senators were the only ones who saw this coming then made a buck off of it.

You'd have to be really fucking dense not to see this coming the moment it started spreading in China. It's what makes the insider trader accusations going around so laughable. This shit hardly snuck up on us.

And yet they only decided to dump stock the first oppritunity after their super sekrit Senate committee meeting about how bad it could get in the states and the economic dominos. Fairly suspect if you think about it.

[Harkback Union]

What is finance doing for you that's worth 8% of the economy?
Is finance making 8% of what you need? Because 8% of our resources are going towards the needs of finance.
In the 1950s, with less advanced technology, finance provided all the services it does today. How is it that its now costing society 4x as much?

These are simple questions to ask. Chomsky, Wolff et al have been warning us of this for decades. Finance is not doing anything for society. Its profits are from playing the money game that was banned in the 30's and gradually re-legalised again since.

Where did all the profits go from the boom years? Why is nobody prepared for a crisis? Taxes are lower then ever, and yet they need more money then ever to survive? Adjusted for inflation! The current economy is a joke, not just in the US, globally, nothing makes sense. I could ramble about it for hours, but you'll see for yourself anyway...

Be more specific than just "finance".

Do you mean:

Stock brokerages?
Wealth management and retirement planning?
Commercial banking?
Investment banking?
Currency exchange?
Commodity exchange?
Bond markets?
Insurance?
Real estate?
Private equity?
Hedge funds?

Why should I be more specific? I'm talking about finance in general. All of those things. Together. They are all part of the 8% problem.
Besides, Does it really matter in this day and age what you call a financial institution?
What do you think Goldman Sachs is?
An Investment Bank?
Gimme a break.

[Shanghai industrial complex]

You might have a point here but it's buried so deep under acronyms that I can't understand it.

This.

Basically they watched The Big Short.

The Big Short is good,i like it.But there's a more serious show,The Last Days of Lehman Brothers,it was filmed by the BBC.I watch it last night.There's also a stage play,The Lehman Trilogy NTL.
In fact, I read this from the economist.On the 10th anniversary of Lehman, there were several columns.I think what he said was great.

[The united American-Isreali empire]

I hope everything goes better, the economy will recover after this scare.

[Shanghai industrial complex]

You'd have to be really fucking dense not to see this coming the moment it started spreading in China. It's what makes the insider trader accusations going around so laughable. This shit hardly snuck up on us.

And yet they only decided to dump stock the first oppritunity after their super sekrit Senate committee meeting about how bad it could get in the states and the economic dominos. Fairly suspect if you think about it.

So I agree that trump and the other senators have to disclose their tax returns.And it should be mandatory.I have reason to suspect that trump sold many stocks before.

[True Refuge]

This.

Basically they watched The Big Short.

The Big Short is good,i like it.But there's a more serious show,The Last Days of Lehman Brothers,it was filmed by the BBC.I watch it last night.There's also a stage play,The Lehman Trilogy NTL.
In fact, I read this from the economist.On the 10th anniversary of Lehman, there were several columns.I think what he said was great.

The Big Short has problems, although they're minor. They were wrong in saying that Christian Bale's character now only trades in water (he does gold among other things as well), and current CDO trading under it's new name is heavily restricted and in much, much lower volumes than pre-2008.

[Shanghai industrial complex]

The Big Short is good,i like it.But there's a more serious show,The Last Days of Lehman Brothers,it was filmed by the BBC.I watch it last night.There's also a stage play,The Lehman Trilogy NTL.
In fact, I read this from the economist.On the 10th anniversary of Lehman, there were several columns.I think what he said was great.

The Big Short has problems, although they're minor. They were wrong in saying that Christian Bale's character now only trades in water (he does gold among other things as well), and current CDO trading under it's new name is heavily restricted and in much, much lower volumes than pre-2008.

COD just started trading again.And ordinary Americans are not as crazy as they were before 2008.The big short is obviously just a commercial movie.Don't be so serious. First of all, movies and TV plays should be entertaining

[Thermodolia]

Be more specific than just "finance".

Do you mean:

Stock brokerages?
Wealth management and retirement planning?
Commercial banking?
Investment banking?
Currency exchange?
Commodity exchange?
Bond markets?
Insurance?
Real estate?
Private equity?
Hedge funds?

Why should I be more specific? I'm talking about finance in general. All of those things. Together. They are all part of the 8% problem.
Besides, Does it really matter in this day and age what you call a financial institution?
What do you think Goldman Sachs is?
An Investment Bank?
Gimme a break.

So retirement accounts, wealth management, and real estate are all bad? If that’s the case we can dismiss your opinions as nothing more than garbage

[Albrenia]

Another bad day for the Dow Jones I see. I wonder if it's gonna keep nosediving, slow into a more steady descent or fight its way back a little in the coming weeks.

[Thermodolia]

Another bad day for the Dow Jones I see. I wonder if it's gonna keep nosediving, slow into a more steady descent or fight its way back a little in the coming weeks.

Bits of good news are appearing among the bad so I’d say it could stabilize for a time

[Ethel mermania]

Another bad day for the Dow Jones I see. I wonder if it's gonna keep nosediving, slow into a more steady descent or fight its way back a little in the coming weeks.

Yesterday was a triple witching day, it should leak less in the coming weeks.

(Full disclosure: I didn't look at the market yesterday, I am just kind of assuming it was bad).

[Shanghai industrial complex]

Another bad day for the Dow Jones I see. I wonder if it's gonna keep nosediving, slow into a more steady descent or fight its way back a little in the coming weeks.

The DJIAwill drop to at least 18000.In that case, the U.S. stock market will be equivalent to its GDP.Maybe it'll be under 15000, which means another great depression.

[Thermodolia]

Another bad day for the Dow Jones I see. I wonder if it's gonna keep nosediving, slow into a more steady descent or fight its way back a little in the coming weeks.

Yesterday was a triple witching day, it should leak less in the coming weeks.

(Full disclosure: I didn't look at the market yesterday, I am just kind of assuming it was bad).

It only dropped a by a few hundred points.

[Thermodolia]

Another bad day for the Dow Jones I see. I wonder if it's gonna keep nosediving, slow into a more steady descent or fight its way back a little in the coming weeks.

The DJIAwill drop to at least 18000.In that case, the U.S. stock market will be equivalent to its GDP.Maybe it'll be under 15000, which means another great depression.

The market dropping doesn’t trigger a depression. A depression is caused by the economy being shutdown for months at a time.

[Ethel mermania]

Yesterday was a triple witching day, it should leak less in the coming weeks.

(Full disclosure: I didn't look at the market yesterday, I am just kind of assuming it was bad).

It only dropped a by a few hundred points.

That's better than I expected, maybe later I will go look at the volume

[Thermodolia]

It only dropped a by a few hundred points.

That's better than I expected, maybe later I will go look at the volume

Actually never mind it dropped by about 900. Interestingly though the 18th was worse than yesterday

[Cisairse]

WeBull said that they would give me a free stock "valued between $2.50 and $250.00" if I opened a new account and they gave me one worth $2.19

[Thermodolia]

WeBull said that they would give me a free stock "valued between $2.50 and $250.00" if I opened a new account and they gave me one worth $2.19

* at the time of purchase. If ya read the fine print it says that it would be a stock that’s within that range when they bought it

[Saiwania]

How do the likes of Robinhood make money if they're not charging brokerage fees? Surely they're not doing it as a charity, they probably have their own costs. I do know that in the old days, brokerage fees were just what you had to pay to invest period. It was only until very relatively recently that commissions went away. What happened?

[Cisairse]

How do the likes of Robinhood make money if they're not charging brokerage fees? Surely they're not doing it as a charity, they probably have their own costs. I do know that in the old days, brokerage fees were just what you had to pay to invest period. It was only until relatively recently that it went away. What happened?

You add money to a Robinhood account to buy stocks with. Any money in that account that isn't in a stock, Robinhood makes interest off of. That's how they make their money.

They also have a "premium" subscription you can opt into which is $5 per month, and have fees for other things that aren't stock trading.