Archived threads in /biz/ - Business & Finance - 7687. page

>This was an average home in the 90s as depicted by Hollywood

There's a big difference between real life and the silver screen. Growing up behind the iron curtain sure must have been interesting.

>>1037194
Who cares? If you're on /biz you should be building your own ecommerce empire instead of reminiscing about burgerlard middleclass.

>>1037194
Bullshit.

>and coal producers are starting to get fucked bad
>starting to
Hohoho
I've been following the coal industry for 5 years now. It's literally "how long till this company bankrupts: the game"
I still remember trading patriot coal, man, what days those were. When BTU was trading at like 20 times its current price. Good days. It was truly a perfect storm of bad timing for coal; no other industry has faced getting fucked so hard every single way since I can remember.
I recently stopped messing with coal holdings later in 2015 because pretty much everything was gonna hit the dust anyways and coal was just becoming way too negative and volatile.
Coal stocks in 2014/2015 had a terribly obvious habit of rebounding drastically.
Go up 15%? It'll be going down 16% tomorrow. Go down 10%? It's going up 5% tomorrow, etc (not including bankruptcies)
That was the habit that doubled the money that I put into coal every year.
I didn't perform too well later in 2015 so I'm taking a break for now, but hopefully we'll see a bullish coal market... One day.
Peabody has always been my favorite of the group and im glad it's still around, even after patriot, James, Walter, alpha, arch, etc filed their chapter 11s in the past few years.
Keep in mind that there are still loads of stocks involved in coal: peabody, consol, cloud peak, cliffs, alliance resource, suncoke, and those are just American companies.
Back to your question though: keep in mind that chapter 11s don't blow up these companies and ruin them. They're still around, just restructuring.
Peabody would be having a much easier time if all of its bankrupt competitors just suddenly stopped producing coal entirely. But, that's not the case.
If we really needed coal that badly, these companies wouldn't be suffering from such terribly low coal prices which in turn destroy their profits.
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China is still sitting on a trillion million billion tons of its own coal despite its massive imports. Australia and Indonesia continue to supply coal to whoever wants it in Asia, the powder River basin in USA continues to export the quality coal that quality people want (through companies like peabody) and it's not like it's gonna stop anytime soon. Even if BTU files a chapter 11, they or somebody somewhere will be mining the PRB whenever someone wants it. Countries are essentially getting shitloads of cheap (but smoggy) energy right now, even if your electricity bill doesn't show it. The middleman is profiting big time though. India was supposed to start importing coal bc their national coal mining company sucked dick but I forget what happened with that but it's irrelevant in the grand scheme of energy anyways.
As for the western world, the situation isn't different. Coal will not be missed in the USA so long as our darling natural gas stays so low in price. Obama loves to brag about how he circlejerked with the EPA to reduce coal emissions but it's all bullshit; they only got away with it cause natty was cheap enough for companies to switch to.
That's partially why coal is so cheap, atm. Nat gas and coal prices are correlated. Oil is another thing that dabbles with nat gas but that's going off topic.
The point here is that the energy sector is a pretty close family and that coal is going nowhere in value if our energy scene remains to suck ass.
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Yes, that means more coal company bankruptcies are likely to happen.
However, with the coming of a big liquid natural gas export scene (supposedly), with increases in renewable and or nuclear energy technology (hopefully), coal is, at best, staying put and profiting enough to survive one day. There isn't much room for growth in the coal industry in the foreseeable future unless clean coal technology somehow becomes feasible (they've been trying for years and nothing works) and/or natural gas prices skyrocket for god knows why. Some REAL SHIT would have to happen like it turns out fracking kills young babies or something.
You can look at emerging consumers like India or African countries who suffer through "energy poverty" atm but I do not know why they would be the savior of the coal industry anytime soon.
>BUT BACK TO YOUR QUESTION: no, electricity prices will not suffer any time soon. Like I said, USA will just jerk off its natural gas more if coal ever gets more expensive from lack of supply. They both work. When one is too expensive, you switch to the other. Natural gas prices MUST increase to create a reasonable demand for coal that goes beyond what is currently happening (ie coal companies on their knees going "pls take our product for pennies")
I don't claim the knowledge to say what will happen to electrically prices globally, but there should not be much anything of consequence. Coal companies are suffering but they will still be here 5, 10 years from now. And they will be producing buttloads of coal just to keep up.
Coal all day baby, it'll be here for a while, countries won't have to worry about it, though coal mining companies will have to worry about profits for a long time
(RIP King coal you were good)
(Pic related, coal shareholders for the last 5 years)

>>1037160
Should of joind the Army, chairfag. I'm an E3 that "works" less than 30 hours a week and have 3 hours for personal PT everyday. Got $30k in Vanguard, AS in IT, and car paid off.

>>1037160
>e3

Sell the mustang back to dealer

the latter

>>1037140
Try to pirate the books or borrow one. Try the campus library. If you're really desparate then go to the campus book store and just read the books and do the assignments there. Or take pictures of the pages you need. Hope this helps.

>>1037146
>>1037143
i can only complete the assignments online through a website called "pearson mastering"

basically i have to purchase an access code or get one that comes with a book (again costing >100 dollars for a book i'll only use for 1 semester)

i'm pretty sure there's no other way.

>>1037129
why is that album always posted on /mu/

>>1037129
your moms with my dickify i want

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>>1037137
>>1037131
ffs moot just close this board, it's fucking useless!

1. Would take years to fill out and buy every combination of tickets.
2. If someone else wins you'd lose half the money then you lost at least 200 mil

>>1038136
This, plus you don't have 584 million.

>>1037098
But it's 830 million AFTER taxes, so the payout ratio is less than 1.

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Will it break?

Always pay off your mortgage first. It's like free money if you consider the interests you don't have to pay for finishing it early.

Abandon hope and kill yourself

>>1036915

Make either Economics or being a pilot a hobby and study the other option.

>>1036915
sure, just save up $200k and use it to get a $20k/year job!

>>1036906
S. d.
You know its true. Why do you want to be an employee anyhow? This is /biz fgt.

being born into a rich, connected family.

>>1036906
Sucking dick.
Having a lot of connection
Being tech savvy

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You guys are smart. help pls

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>>1036885
Lenses for smartphones, it's only just started getting big, get a 100 of them from alibaba or w/e sell with an easy 600% marge. Fucbois will catch the bait, promise

>>1036942
holyyyy shizzz

okay so, this alibaba site has shit for so cheap. Any others like it? Whats the catch? How does it work?

Sorry for being so new...

only if you can live rent free nearby, i.e. own an apartment or house in london.

>>1036874
I'm pretty /comfy/ on £30k in London senpai.
West London is a nice area. I'm here atm. Just avoid Tower Hamlets and such and you'll be fine.

Also, just get a spare room, not a full flat. I basically get a 2 bed flat to myself for under £600 per month because my landlord is never in. I only pay for the room. All bills included. Good deal imo. Save about 1k per month.

Also, what could/were you earning outside of London? Where is the job?

>>1036874
>and I know London is expensive, shit and full of shitskins
I can already tell you're not going to like it, don't take it.

Anyone who says "the stock market is down X points" has no idea what they're talking about

2016 is projected to be a bear market but there is no way of predicting that with 100% accuracy

>>1036834

The jargon of saying "the stockmarket is down" is the national stock market of the country that is down for example if the stockmarket in Belgium was down 4 points it means that on average all the listed shares of Belgian companies on the BEL 20 (NASDAQ) which has a total of let's say 100 points at the begining of the year is down to 96 points. These 96 points consist of X number of enterprises who can either go up or down.

Let's take an extreme example there are 5 companies

A
B
C
D
E
F

Lets say company A shares went up 8% in 3 days which is very good. B,C,D,E all remained between (-1%+2%) fluctuation over these days but company F who might happen to be the largest exporter of Oil derivatives like Total or Texaco for you Americans is continuing to lose profits due to the lower oil prices and has cut it's profit forecast and its dividends for the next fiscal year. Investors Panic and the stock of company F tumbles -12% This means that the total value of all stocks divided by their free float which gives their market capitalisation in the whole BEL 20 loses (+8%-12%) = -4% points. this doesn't mean that the -4 is representative of the whole Belgian stockmarket but it's caused by a big loss in a major sector or company.

TL:DR look at the underlying issue why a stockmarket is down.

>>1036845

Ah ok. Thanks. I'm still confused though, if the stockmarket in Belgium was down X amount of points.. wouldn't that include the average of ALL the belgian stocks? You said BEL 20, isn't that just the top 20 belgian stocks? Like, what if other Belgian stocks that are not included in BEL 20 are doing good.

BEL 20 is like the S&P 500 correct? Does every country have a top basket stock?

Also how can the S&P 500 contain stocks from more than one American stock exchange, does that mean it's listed on more than one exchange?

>>1036827
Yes you do.

>>1036827
More than likely you will be able to find a job with that experience.

Enjoy the imperial system.

>>1036809

Netflix n chill

>>1036815

Ha.

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last week's 6 percent drop was rare. and what's fun, after a drop like that there is no example in history the market hasnt bounced back. start of the week usually goes in the last's week negative momentum but it will swing the opposite direction with a force