What do you guess this time period will be referred to in the history books based on its economy? I've thought of a few names.
>the uncertainty era
>the great fear
>the great stagnation
>the stagnation era
>the great loan
>>1036404
>The Economy in 2014-2016
In other words, it won't get a title, because it's nothing worth noting.
The Great Memeing
>>1037620
>inb4 The Cuckening
Fall of Rome 2.0
Why don't they flood the market with CEOs to lower the price of CEOs like they flooded the market with STEM majors to lower the price of STEM graduates? Businesses would lie, cheat, steal, and kill to save pennies on the dollar and suppress your wages, so why don't they apply these same hyper-capitalistic cutthroat tactics toward one of their biggest expenses, executive compensation? They can cuck salarymen into working 80 hours a week without overtime, so why can't they cuck CEOs into taking on all the CEO responsibilities for "passion" (re: without any extra pay). They could assign every CEO little "CEO interns", "assistant CEOs", or "CEO trainees" who are like middle management types with MBAs ready to take the CEO's place the moment he starts demanding more pay because they'd do it for free and they want the prestige that comes with the position.
>>1036397
Because not everyone and their retard cousin can be a CEO, unlike you computer nerds.
>>1036397
>why don't they just print more money?
Have any of you been rich, successful, and on top, then lost everything and had to rebuild your empire? Tell your story.
My dad was raking in >$500k and growing until he got wrapped up into a lawsuit. He thought he could easily win, but he ended up losing and owing >$4mil in legal fees. Also, his business growth slowed to a halt due to devoting most of his time to the case.
That was a few years back. Currently, he's "rebuilding his empire" and doing really good operating in niche markets. Helps that he's a smart guy.
>>1036363
No, I come from a family of underachievers and lower middle class, the kind who can appear like everyone else at the expense of never doing anything with their lives and having no comfortable retirement plan.
I'm 26 now and making more than anyone else in the family.
>>1036419
in a surprisingly similar situation
sad to realize family is a liability but at least I get to live my life now
How does a depressed loser who has lived paycheck to paycheck at shit mcjobs for 6 years (24 years old now) learn how to actually make money and advance their life
not go on 4chan, for starters
What are the pros and cons of Private health care?
>>1036337
Pros is profit for insurance companies
Cons is worse healthcare for everyone else
People are more motivated to do a fantastic job in healthcare with a high profit motive, which can only be achieved in a private practice.
Cons are that you have to either pay a shitton of money or get insurance (a smaller shitton)
>>1036420
Productive and motivated workers, efficient systems = lower cost for the same quality.
It's true it doesn't do any redistribution but that's not a role for healthcare
US is not a good example because the government interferes at every level
Is there some type of sticky for this board? Started lurking an hour ago and I'm pretty interested in learning more.
>is there some type of sticky for this board?
>doesn't look at the top of the board, where a sticky would typically be
lurk more, never post again
Guys, over the last month, my credit score jumped by about 100 points and now i have an 846 (pic related).
holy fuck what do i do
What can you do?
>>1036176
take out huge loan at lower interest rates
>>1036162
Please read the credit secrets bible.
http://dropcanvas.com/zpf5p
You can wait, or you can seize credit agreements while rates are low. and achieve the thick file.
IMO its better to have and hold than to wait and see.
>tfw I've spent so much time imagining myself as a politician / scientist / mathematician / rich entrepreneur, I've come to the conclusion that there's no fucking point to doing anything
I actually think I have potential on the technical side of things (which I've shown). But, in addition to the greentext above, what scares me is that the idea that I could maybe be a satisfied and moderately well paid wage slave.
What is there to do??????
Everything that's "cool" feels kind of out or reach or bullshitty... The next flappy bird requires luck. Working out a stock market / HFT / algorithmic trading shit (as if it's even possible without huge capital) gets you buttfucked by the authorities if you make any money (see the Londoner charged after laughably being accused of causing the flash crash).
go right back to /r9k/, dumb frog poster
>>1036160
Look,
Nothing counts except what you've achieved- the money you're going to make, isn't worth a cent.
Get off your fucking ass and do something, you lazy shit.
Let me guess, you're smart, really smart, just lazy right?
WRONG. If you were so smart you wouldn't be so poor!
>>1036164
No, I'm not one of these tards who failed high school algebra and talks about what could've been. I was top 1 % in my country's school system, become the typical lazy person in the middle of my stem degree but got an acceptable grade. If I am "le lazy smart guy", I'm many notches higher than the typical 4chan one.
This is going to sound laughable in its patheticness but when I got a part time job that actually forced me to see the public more often, it was like a motivation dampener. Every male and his dog seems to have a 7+/10 blonde gf or wife. People with boring as fuck average jobs have cars and houses and holidays and lots of spending money. It's like society has more than enough resoruces.
Where is the motivation going to come from?
Apparently there are 3 main determinants, what are they? How does each effect the price of the bond?
>>1036096
4chan: not your homework service since 1904
>>1036129
fuck, I thought one of you would do it for me lol
>>1036096
Bonds are priced according to the Highest interest rates of banks. It is either sold at a "Premium" Or a "Discount." A company chooses an interest rate, compares it to the Highest bank interest rate and either sells it at a premium... or a discount... That's the only 1 determinant.
hi-ya /biz/zards.
turning 19 tmrw. what do?
>inb4 everyone is mean to me
Purchase ETHEREUM
>>1036042
>inb4 everyone is mean to me
In real life this sucks. I've been nice and all people do is be mean. If I was 19 I would join the air force or go to college. Probably both considering military can pay for a lot of your tuition.
>>1036042
study one thing, be it coding, build shit, or something that'll make yourself marketable in the future.
If you're good at math and have good grades then I'd suggest attempting to get into a target school for investment banks and working your ass off.
which career path has a higher chance of creating a $100 million+ net worth? How does the work hours compare between the two?
Tech Startups, easily.
Work hours? On Wall Street, you work 100 hour weeks for bald people. In a tech startup, you work 100 hour weeks because you have the energy and drive to do so for yourself.
>>1036032
To make it to 100 million net worth is going to require you to found your own tech start up, and improbably get bought out by Google or something. Or you could go to Wallstreet, but you'll still have to make to the C-suite of to get the kind of income/equity which would make that net worth possible.
Your chances are zero either way.
>>1036052
>Still thinking centralised paradigm will matter
Buy ETHEREUM
Hello!
I want to start buying bitcoins from an exchange (like Coinbase or Kraken) and sell them locally (via bank transfer or cash) at a premium.
What is the legality of that?
I am located in Europe.
I have noticed that some resellers (for example on localbitcoins.com) do require ID in order to proceed with the process.
Is this happening so that they can protect themselves in case their customers are involved in illegal activities (e.g. money laundering or drug sale) ?
What planning do I need to do? I don't know where to start.
Little known open secret in the bitcoin world:
Satoshi Nakamoto is Nick Szabo.
He blogs at unenumerated blogspot and has a larger collection of more detailed essays available at:
http://szabo.best.vwh.net/index.html
The man is truly a genius and polymath. If you really want to understand money and cryptography on a deeper level i suggest reading his papers.
Just dont tell any journalists. We dont want them poking their noses in.
>>1035908
Regardless of legality, you have to consider- the people that will buy bitcoins with cash, are using them to buy large amounts of drugs online, so they can sell those drugs to distributors- 'dealers'
You might not go to jail, but you might get shot and thrown in a ditch
>>1035969
I'm really surprised that journalists haven't been able to figure that out yet. It's so fucking obvious. Welp, they're all just English majors with nothing between their ears. What can ya expect
Sup /biz/?
Any of you had experience with Robinhood Trading? I am thinking about switching out of my current account with Optionshouse and going to Robinhood.
>pic related
>>1035884
There is already a Robinhood thread. I guess we can start a newer, noobier one here. I just initiated my first x-fer of 100 usd on it.
>>1035884
Optionshouse would have to be absolute shit to be a worse choice than Robin Hood.
>>1037109
>>1037109
It's not. I like to look at numbers more than charts. Charts dont mean everything. I use charts for a small % of what I look at.
However, due to paying down significant college debts I don't have a lot to invest this early as much as I would like. So I dont care how I pay for the stocks, but free when I dont use either sites marketing bullshit, I would rather pay $0.
>accounting fag
Guys, what's the difference between bankruptcy and insolvency?
Thanks
>>1035796
Insolvency has two meanings under US law: balance sheet insolvency (liabilities > assets) and equitable insolvency (inability to pay your debts as they become due in the ordinary course of business). So insolvency is a term that describes certain financial circumstances.
Bankruptcy is a court process under Federal statutes for discharging certain debts and using other financial remediation tools. It's intended to give debtors a "fresh start" while providing equitable treatment for creditors based on the priority of their legal claims.
So insolvency is a condition, and bankruptcy is a cure. It's one cure; there are many others. It's not a perfect cure, nor is it the appropriate cure in all circumstances.
If you had big bucks and had no idea what to do with them: who would you talk to to get professional advice on what to do with it?
>>1035719
>big bucks
>louie_ck.jpg
I'd probably call a rancher of some sort.
Or maybe just the ASPCA. They'll make cool commercials about them.
AGREED DUDE