Archived threads in /biz/ - Business & Finance - 7634. page

>>1054433
No degree is inherently useless. If you work hard it's possible to make a career from any degree. The key is being astute enough to know which skills you should be learning in your spare time.

I have my degree in Economics (from a low tier university and only finished with 2:2) and while doing it I learnt Excel, SQL and Python along with it. Got a job two months before graduating earning £22,000 a year. Been there 2 years and I'm now earning £26,000 with a company car (Audi TT). I'm only 23 and in a better position than pretty much all of my friends.

I also have friends who got first class honours degree in Economics from better universities who have settled for part time behind a bar and complain no one will give them a job. Really depends on the person with the degree. If you're a retard who thinks the world will hand you everything then any degree is useless.

>>1054446
what's that after tax.. you renting or got a mortgage

>>1054447
>£22,000
not op, but 22k pre tax is 18k after and 26k pre tax is 20k after. Because the car is taxed as well (benefits in kind) the actual net is a bit lower. The lease on the car is probably about 2-2.5k extra per year worth of value.

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Most of the doom-mongers concentrate on what they see is the kernel of a global slump: China. The RBS says that “China has set off a major correction and it is going to snowball… the epicentre of global stress is China, where debt-driven expansion has reached saturation. The country now faces a surge in capital flight and needs a “dramatically lower” currency.” Albert Edwards at Societe Generale has been predicting a deflationary slump for the last five years of global economic recovery. Now he is convinced that the Chinese crisis will lead to a global slump. “The western manufacturing sector will choke under this imported deflationary tourniquet,” says Edwards.

But is this right? There is no question that the Chinese economy is in trouble. Economic growth has slowed from double-digit increases back in 2010-11 to under 7% on official estimates in 2015. Many reckon that this official figure is nonsense and, looking at the pace of electricity consumption and spending, economic growth is probably more like 4%, which in Chinese terms is almost a recession.

When the Great Recession broke, the Chinese government reacted to a serious decline in global demand for its exports by launching a major government spending programme to build bridges, cities, roads and railways. That kept the Chinese economy growing. Interest rates were slashed and local authorities were allowed to borrow in order to spend on housing and other projects. There was a major credit boom. As a result, Chinese non-financial debt rose from about 100 per cent to about 250 per cent of GDP. Total Social Financing, a broad measure of monthly credit creation, is now growing at nearly three times the rate of officially recorded money GDP growth, or more if you don’t believe the official GDP data.

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The government was influenced by pro-capitalist economists in their ranks who have been continually arguing that the government must ‘open up’ the economy to foreign capital and private companies. The government should privatise the big state owned companies and banks, end capital controls and allow the Chinese yuan to become a freely fluctuating currency, it was argued. Indeed, just before the Chinese stock market and currency crash began, the government pushed for and got the Chinese yuan to be included in the IMF’s international reserve currency basket for the so-called SDR. In effect, the Chinese currency was now increasingly subject to the laws of the international currency markets and the economy was increasingly influenced by the law of value.

More debt, slower growth and an overvalued currency, now subject to speculation, has engendered a stock market crash and now rich Chinese and foreign investors are trying to get their money out of China or the yuan and convert it to dollars abroad. Capital flight, as it is called, is running at over $100bn a month, or about $1.2trn a year. Given that Chinese dollar reserves are about $3.3trn and around half of that is needed to cover imports, if capital flight continues at the current rate, Chinese dollar reserves will be exhausted in about 18 months.

The Chinese authorities have been unable to handle this financial crisis. By opening up their economy to currency and financial speculation, they created a Frankenstein that is now trying to kill them. First, they tried to weaken the yuan against the dollar to boost exports. But a weaker currency only encouraged rich Chinese and Chinese companies to switch even more into dollars, by legal and illegal methods. Then they tried to prop up the stock market with extra credit and by making state-owned banks buy stocks. But this only fuelled even more debt. Then they reversed these policies, causing a stock market crash and credit squeeze.

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The seeming incompetence of the Chinese authorities and the continued capital flight have now convinced many Western capitalist economists that China will suffer a ‘hard landing’ or economic slump, capitalist-style, and this will add to already diving emerging economies and drive the world into slump.

But does a collapse in the Chinese stock market and fall in the value of the yuan mean an economic slump in China? China is not a ‘normal’ capitalist economy. The power of the state remains dominant in industry, in the financial sector and in investment. Yes, the Chinese authorities have opened the economy to the forces of capitalist value, particularly in trade and capital flows, and in so doing have made China much more vulnerable to crises. This is something that I forecast back in 2012: “if the capitalist road is adopted and the law of value becomes dominant, it will expose the Chinese people to chronic economic instability (booms and slumps), insecurity of employment and income and greater inequalities.” And this has been the result of Chinese leaders succumbing to the pressures of the World Bank and others to ‘liberalise’ the financial sector and become part of the international financial ‘community’.

Yes, the world is slowing down. Only last week, the World Bank pointed out that developing economies grew just 3.7 per cent in 2015, the slowest since 2001 and two percentage points below the average 6.3 per cent growth during the boom years between 2000-2008. The IMF reckoned that developing countries face ‘new reality’ of lower growth. Growth rates are down, and cyclical and structural forces have undermined the traditional growth paradigm. On current forecasts, the emerging world will converge to advanced-economy income levels at less than two-thirds the pace we had predicted just a decade ago. This is cause for concern. A 1 per cent slowdown in emerging markets would cause already weak growth in advanced countries to slow by about 0.2 percentage points.

do share... I'm trying to get into some business where I can move from state to state every 2-3 years.

And I want to get off the slave wage

>>1054223
Porn.

what this guy said >>1054223

i'm already making a little money off the internet, could always stand to make some more

You know what they say about the driver who calls everyone assholes...

More like horrible employees

No, I don't. If you had to make 6 hours of apology calls because your boss won't take the time from his breakfast whiskey/coke to ask his webmaster for fucking login info, you'd probably be just the same you shit stain 3 piece. =]

Looks like they want a TA guy for asian markets.

>>1053506
TA?

>>1053516
tits;ass

bump, looking for the European alternative to RobinHood

Fucking goys

>>1053240
Also looking for this. Currently paying 10$ per trade. Have about 3000$ to invest and the fees are fucking eating away at my gains

Am also norway

>>1048748
>Also should I pay them commission over hourly pay to give them a incentive to work harder and save money?

I think you have it backwards, anon. The problem is that the girls will be the ones getting the 'tips' and it's better if you can claim ignorance as to what goes on. It would be better to have them paid the legal minimum and they pocket all 'tips' except for an 'hourly rental agreement (not necessarily the same as the regular house fee)'.

>>1048767
>hourly rental agreement, What is this?
If I install camera in every room for safety the girls can't mug me and I can take a cut of the extras

>>1048767
Also what's the point of risking Extras if I don't get a cut?

>>1052846
>2020
>use bitcoin to buy a sandwich
>centralization has allowed miners to execute double-spends
>bitcoin's value plummets as a result
>the sandwhich costs 3000 BTC
>it takes six days for the transaction to process
>because bitcoin is based on a public ledger, your crazy ex sees that you bought a sandwich in by where you live in Sheboygan, Wisconsin
>finds you and murders you
No thanks, I'll pass.
No thanks, I'll pass

>>1052867
Ugh, fuck posting on mobile.

>>1052867
>This is a nocoiners conceptualisation of real life.

First for SFXE

Also I don't know what to buy today.

>>1050727
SEND HELP

>>1050738
Get a better picture next time

>>1054373
www.defencejobs.gov.au

Actually research before coming here wanker.

>>1054390
Stupid nigger I already did my homework, I've also read threads in whirlpool. I'm hoping to hear from those who did in terms of gaining relevant work experience if you don't have any and how useful it would be outside the reserves.

Pretty easy to get in if you're not a mong. Sorry.

Do you have any knowledge on the different cuts and quality of beef?

1. Unless there are a lot more people around in neighboring cities, 30k people isn't great for an upscale restaurant.

2. Startup costs would probably be between 200k-400k, depending on whether you go cheap or moderate

3. Make sure you have a PILE of cash to cover the first years expenses.

4. Make sure to advertise the grand opening. I would go as far as to tell you to hire a professional company to handle the grand opening advertising.

5. Make sure to base your prices on the food/paper/labor costs, and not some random number you think works.

6. Expect to work 100 hours per week for the first few years.

On the basis of this question alone, it's fair to say you have no idea what the fuck you're doing. So, compared to anyone else, it will cost you the most, and to the tune of what you'll never afford.

Don't let that stop you though. You can still learn a lot by failing.

>>1053669
Forgot link to betting site

http://www.oddschecker.com/politics/us-politics/us-presidential-election-2016/winner

The house always wins.

>>1053669
>5/6 odds
So wouldn't you lose money if she wins? Sorry, I don't gamble.

add 2 0's to that 50 and then go read a book and figure it out.

>>1053661
>tfw don't have that much money spare
Living on neetbux is hard, maybe $150? Trying to find a job...
i'll try and find a book.

Do some reading on technical analysis. That'll help you figure out which ($5<) stocks to invest in.

bbummpp

baaaaaaaaaaaaaamppp

>>1053220
Bump

>inb4 eth
aud

>>1052827
CAD and USD.

What else would I use?

Visa