wtf i hate white people now seriously

How can (((((((they))))))) keep getting away with it???

instead of hating white people, take the time to study how the american financial economy operates and how closely linked it is with the remainder of the world economy due to the rise of globalization following the second world war. also examine the opening of capital outflows during deregulation periods that occurred during the 80's and 90's to better understand how a $200 B default in the American housing industry can blossom into a global financial crisis. once you understand that then we discuss how America is at the end of a boom cycle and we have a bust to look forward to within the next two years in the financial and real economy.

>>83104296
brownpill me more senpai

>>83104296
Your analysis would only have a shred of validity if all the globe was not divided into artificially maintained sub-economies and are managed to maintain the strength of the western economy.

>>83103372
you mean jewish people?

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>>83104296
>le bust incoming soon

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>>83104296
And how big would this bust be?

>>83104412
that happens through the buying and selling u.s. treasury bonds primarily with the largest holders being foreign governments. primarily china and japan who are also major players in the global econmy paired with the U.S. and the U.K.. U.K. is the nexus/ center of global transactions. so no, it isn't all directed towards western economy, but Asia just as well hoss.

>>83104296
>>83104560
>>83104617
who knows really. predatory lending practices that led to the global recession in the U.S. hpusing market are now occurring in the U.S.car industry where subprime loans are being provided on a daily basis. this is happening primarily in the southeast. the housing industry in the US has been doing well, however there are a shit ton of problems developing currently that can snowball quickly. the american stock market and us economy are over heating at the moment hence the fed finally increasing interest rates.

>>83103372
I really hope that we will see the end of the white race in our lifetime ^_^

Remember class warfare is acceptable and if you disagree you're le cuck :^)

I'm a fast food worker libertarian who thinks business should abuse its workers

>>83103372
but they're all jews anon

>>83103372
Why would they give unusual hairdos for the actors?
For example, Ryan Gosling is blond, Steve Carrel has dark hair. Yet they dyed Steve blond and gave Ryan dark hair. What's the point? What does the movie gain from this?

>>83105003
no they werent

did you even watch the movie?

it's a true story

>>83105158
It's based on real people you moron

>>83104955
>I'm a fast food worker libertarian who thinks business should abuse its workers
You're the biggest cuck in existence

>>83105785
>Libertarian
>Employed

kek

>>83104955
>fastfood worker
>cuckbertarian
no surprise there

>>83105681
Why not make Carrel play the dark haired one and Gosling the blond one, then? Would you pick a black actor to play a white person, painting his skin white, and a white actor to play a black person, painting his skin black, when you could just give each the more obvious role?

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>>83103372
Damn !!! They aren't so bad, bro (笑´・艸・)

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Is this the most based man in recent American history?

>>83104955
>retarded post
>libertarian

every single time

>>83104296
What does this mean? Explain like I'm a fucking idiot please

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>>83106967
What's wrong with this dude, the boss ???

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>>83107116
A dud in >>83104296 is saying that white folks aren't so bad. The system is the evil force.

>>83106967
yes. are you an econ dude too?

>>83103372
People prefer to blame a single enemy for their problems, when the reality is that people's lives are influenced by a series of complex interrelated forces beyond anyone's control.

The scapegoat makes them believe that if that they just got rid of that one single entity, then all their problems would disappear. But they won't.

It's like >>83104296 said.

>>83107331
That doesn't make sense cause since if an evil system was created, it had to be created by whites?

>>83107655
capitalism was created by black people retard

its literally called the slave TRADE

>>83107352
Yep.
Shame only economists appreciate what this guy did.

>>83107709
Stop spreading disinformation

>>83107116
>>83107331
basically this. it isn't white people that are at fault. because literally every country participates in varying forms of risky, speculative finance within their financial economies. all of these financial economies are deeply interconnected with one another on a macro/global scale. one countries assets are another's liabilities in the sense of a treasury bonds that are sold back and forth. the same can be said about banks with commercial/housing loans and firms with corporate bonds. if one large entity were to default on a large enough scale then it upends the entire system. if you guys enjoyed the big short and want a flash in the pan overview of financial deregulation ya'll should watch inside job. if anyone has enough interest. i can map out and draw some of this shit later on this evening if the thread is still up. probably a better and more visual way to explain.

>>83103372
black no-coiner detected

>>83107736
So what did this guy do?

>>83105158
Steve Carrel's hair was light, and Ryan Gosling's was blond. This would be the last time they worked together on a film as friends. Like poetry.

>>83107655
Atleast whites are smart enough to create a system bigger than mud huts with bugs for lunch you dumb monkeynigger

>>83107736
shame most people have zero clue how economics operate in general.

>>83107776
Saved your ass from going back to the stone-age

>>83107769
>i can map out and draw some of this shit later on this evening if the thread is still up. probably a better and more visual way to explain.
Please do

>>83107821
Well, will you elaborate or keep being haughty?

>>83107821
Bullshit.

>>83107810
They just see the surface and get scared. Can't really blame them.

>tfw got psychotic and maxed out a credit card because I figured if there was a bailout I should be able to do whatever I want

I really fucked myself.

>>83107944
Just declare bankruptcy

Fresh start

>>83107876
Basically this
https://en.wikipedia.org/wiki/Federal_Reserve_responses_to_the_subprime_crisis

>>83107833
okay. i will try to put something together how a credit boom operates and maybe map out how MBS flowed throughout real and financial economy. sounds good?

>>83107899
it is terrifying, but helps you examine everything from a more logical perspective. i feel like if people had a better grasp on how basic econ functions everyone would have better political leaders and be less concerned with whatever bumfuck ideology they consistently spam.

people ITT really dont think another bust is coming do they just force this shit down your throat in america?

>>83107876
>>83108069
ben bernanke seen >>83106967
also made a point to study the great depression and was influenced to an extent by irving fisher https://en.wikipedia.org/wiki/Irving_Fisher. fisher's work on debt deflation and credit spiral's helped inform the Fed on how to mitigate the financial crisis.

>>83108197
The problem is people's lack of trust on experts in general, especially economists. We joke and play about never being able to agree on anything, but in reality policymakers are the ones who refuse to implement recommendations on fears of upsetting their voter base.

>>83108413
not immediately, but if you follow the news and trump continues fucking around there is a real possibility of america running into economic trouble.

>>83106967
Bernanke please go

>>83107821
More like put a bandage on a severed limb and called it a day

>>83108413
It is, but it's still too early on the credit cycle.
I can't imagine what a crisis response will be like with Trump in power, though.

>>83108706
He was the chairman of the central bank. His powers were sort of limited, you know.
If you want real change, go ask congress.

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>>83108666
Literally the sexiest man alive

>>83107833
https://en.wikipedia.org/wiki/Debt_deflation

https://en.wikipedia.org/wiki/Hyman_Minsky#financial_instability_hypothesis

>>83109139
>that hairline
JUST

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>>83109139

>>83103372
>wtf i hate white people now
"Another one of these threa-...."
>seriously
Wow you are serious

>>83109222
She's inflating a lot more than the price level...

>>83104841
>predatory lending practices
... and millions of ordinary greedy fucks borrowing more than they could ever afford to pay back.

It takes two to make a bad debt, m80.

>>83109563
The intelligent have an obligation not to take advantage of the stupid. They say you can't con an honest man, but fraud is still illegal.

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>>83109371
>tfw muh supply doesn't create its own demand.

>>83107776
Postponed the natural process of creative destruction, and prolonged the economic consequences of the credit bubble for years longer than they would have lasted.

The Ben Bernank was an establishment cocksucker who bailed out the guilty at the expense of the innocent.

>inb4 triggered debtcucks

>>83105681
Gosling's character was fictional.

>>83106967
>Is this the most based man in recent American history?
He's a smart guy,

>>83109623
>implying the borrowing wasn't endemic among those who should have known better

Intelligence varies, but greed is universal.

>>83109632
>tfw foreign interest rates are low enough to border a liquidity trap
Halp

>>83109708
This but unironically

>>83106967
>>83107352
>>83109810
>>83108497

ITT: people who didn't understand The Big Short.

Watch it all the way to the end next time.

>>83109812
Most of that shit was going on in Florida. There are no smart people there.

>>83109871
I've got a masters degree in econ and am a CFA charter holder, but ok.

>>83109871
Explain to us then how your understanding of this blockbuster movie can overshadow centuries of economic studies.

Triumph of the Will

Not even joking

>>83109871
>>83109914
>>83109953

>>83104841
>predatory lending practices that led to the global recession in the U.S. housing market are now occurring in the U.S.car industry where subprime loans are being provided on a daily basis. this is happening primarily in the southeast.

Sauce on this? I was just wondering about this the other day, I see so many poor people driving brand new cars here in the South.

Also, after visiting SE Michigan recently I realized how fucked that region is already and how it's STILL obscenely dependent on the auto industry. These "too big to fail" companies exist more to give people jobs and keep the status quo in Michigan and other Rust Belt areas than as efficient businesses.

The big 3 have to keep churning out vehicles and keep the plants open or lay off people and further fuck up the already shit economy there. It's in the big 3 and the powers that be's best interest for any broke ass motherfucker to be able to buy (at least on paper) a new Silverado they can't afford at all but will sign for anyway because "it be free, yo!"

>>83104296
Should I buy a house?

>>83110394
https://www.bloomberg.com/news/articles/2017-03-28/-deep-subprime-becomes-norm-in-car-loan-market-analysts-say

also disturbing is that the amount of student loan defaults is skyrocketing.

>>83110613
Which bubble will pop first, student loans or autos? My guess is student loans.

>>83110613
How do we take advantage of this? How can I bet on the auto market failing?

>>83110613
people are idiots and need to be protected from themselves instead of just letting em deal with their idiotic mistakes apparently

>>83110728
Finally someone said it
Thanks, brah

>>83110663

according to the WSJ roughly eight million people owing $137 billion are in default as of Dec. 31 2016.
here is some data from the fed to support the increase.

>>83111085
>>83111085

link i'm an idiot. https://fred.stlouisfed.org/series/FGCCSAQ027S

https://fred.stlouisfed.org/series/TOTALGOV

>>83110715
Hard to do unless you're an institutional investor with the ability to trade swaps and options.

>>83109914
>>83109953
Lowering interest rates doesn't reduce reckless borrowing, it increases reckless borrowing. It's like trying to put out a fire with gasoline. We haven't even begun to deal with the consequences yet.

>>83109914
>I've got a masters degree in econ and am a CFA charter holder
Ooh, a "social scientist" with an official pat on the head from the establishment. Colour me intimidated.

>>83109953
>centuries of economic studies
>desperate impromptu measures that ignore 80 years' study of the economic cycle

I bet you both love Krugman, don't you? In fact, I bet at least one of you is Krugman.
ftfy

>>83111397
An autistic Randroid. Interesting

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>>83111397
>Lowering interest rates doesn't reduce reckless borrowing
The point was the no one was lending to anyone. You can't be reckless if you can't borrow.
>I bet at least one of you is Krugman
Got me there

Which books/resources can I go read to begin to understand the interconnection of economics and how it flows together?
Examples that bring things into a vacuum are easy to understand, but I want that big picture of real life.

>>83111429
Revealed: the towering imagination and intellect of the "social scientist."

You're probably a Murcan, which explains everything.

>>83111890
Honestly, no book is going to give you that. It depends on what area you are interested.
Bernanke's book on the financial crisis response is a light read and pretty good.

>>83111832
>The point was the no one was lending to anyone. No-one had anything left to lend anyway. Welcome to the consequences of fractional reserve banking.

>>83103372
I really wish i got in on this bubble. My uncle saw the bubble burst but he was a bit eccentric and encourage everyone in the family to invest with him. i was a poor college student and the most that i could give him back then was $500 since he was so persistent. true enough he obtained millions while my $500 went to $20K.

he's dead now though. i miss you uncle joe

>>83112230
>40x ROI

damn dude

>>83110394
Why can't we just have them build trains and train accessories instead of cars?
Speaking of which, are there any good movies or programs that focus on foreign rail systems?

>>83107655
but them being white is completely circumstantial

>>83111890
I don't know what others are going to say, but I'd really recommend that you read the Michael Lewis book this film was based on. He's one of those wonderful people who can convert complex economic and financial concepts into prose that can be understood and enjoyed by the average person.

>under pressure from anti-racist SJWs, banks are obligated to lend to latinos and blacks so they can buy their homes
>latinos and blacks don't pay back their loans and the entire industry collapses
>blame white people

>>83114418
>under pressure from anti-racist SJWs, banks are obligated to lend to latinos and blacks so they can buy their homes
>under pressure from anti-racist SJWs
>banks are obligated

Is this a joke, mate? You think banks would be pressured by something like SJW?

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>>83103372
>wtf i hate (((white))) people now

>>83105158
fucking retard

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>>83104841
>predatory lending practices that led to the global recession in the U.S. hpusing market are now occurring in the U.S.car industry

I read that the next economic collapse would be caused by the "College Bubble", as millions of Americans are in debt up to the eye balls on college loans for degrees that ain't worth shit and can't get them a decent job and there's no way they'll ever pay them off.

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>>83113696
>Why can't we just have them build trains and train accessories instead of cars?

Because rail transportation is completely impractical outside of ultra high density cities like NYC and LA.

I ain't walking a hour in the dead of winter at the butt crack of dawn to get the rail station, only to have an multi hour ride ahead of me just to get to work (and then do the same going home).

Electric cars are the future for the U.S. not rail, as we've already got any entire infrastructure of roads going everywhere.

>>83115320
which i referenced here>>83110613
>>83111085
>>83111171

>>83111890
moneychangers by robert g. williams is a good read on how foreign exchanges operate and impact the global economy. michael lewis' panic is also a good fluff look. keynes' general theory provides a good look on how liquidity impacts markets. i would also recommend just getting a subscription to the WSJ and taking a look at the overall stories that are being published to get a feel for what the prevailing market sentiment is. there a shit ton of different economic flavors so it just depends on what you are into.

>>83115474
I don't entirely agree on cars being the future. A good network of primary and secondary transport systems would feel more logical to me. Have a ring of rail transportation that takes care of the main load of movement, and have a secondary system which gets you to and from the primary system.

All big cities will have serious problems handling individual transport systems simply because of density. It's not feasible to have as many cars as people in a city.

>>83104296
why is crypto growing so fast? How does that fit in with the stock market?

>>83109623
>The intelligent have an obligation not to take advantage of the stupid.
Since when?

>>83110469
if you can AFFORD to and have studied the housing trends in the area you want to live then absolutely, i cant wait to stop renting once im out of this city for work and then go back home

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>>83117122
>A good network of primary and secondary transport systems would feel more logical to me.

I've read somewhere that the U.S. is #1 globally for the amount of freight moved by rail, despite the annoyingly large number of trucks on our highways (tearing them the fuck up...)

But for moving people, rail only works in crowded urban concrete hives like NYC and it would cost a fuck load to implement rail elsewhere in the country, where most people live in suburbs that are designed around cars.

>>83114483
He's 13 and /pol/ is his home page. He'll grow out of it.

>>83104296
>economy crash under Republican president
Why does this always happen? Bad timing?

>>83117681

I never understood why there were so many song and tv shows making fun of the suburbs as a bad place since I always found them to be super comfy with lots of space and quiet. But I guess they were talking about California "suburbs" like the shit in this picture.

>>83117681
I admit I don't really know much about transport in low density areas, but I remember reading that trams are starting to be adopted again in many european cities after being abandoned for decades.

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>>83114418
Banks are completely amoral like nature itself.

They do what's best for them always, if they can make money working with terrorists or exploitative/volatile regimes they will. It's not uncommon, like 1% of the people working at the banks have full oversight.

https://www.youtube.com/watch?v=cRuKmxQSPSw

>>83117681
Those are packed way too close to each other

One person has a cooking accident a few blocks away and starts a house fire, you're fucked.

>>83103372
letting yourself be belivies molded by a film

get help

>>83118202
how is a movie inherently less valuable than an article, or any other media?

>>83117791
w. bush in some ways just had poor timing with his administration's period. the financial crisis emerged as a result of financial deregulation that occurred during the clinton administration with the help of alan greenspan, larry summers, and henry paulson. ironically paulson served as bush's treasury secretary and ended up having to deal with the muck that he propagated during his tenure at goldman sachs. greenspan also downplayed, heavily, the threat of an asset bubble in the housing industry as early as the late 90's.

>>83114483
https://en.wikipedia.org/wiki/Community_Reinvestment_Act

>>83117471
to my knowledge crypto isn't securitized so i have no idea how/why. it seems like a lot of speculation by fringe people. the handful of times i've gone to /biz/ it appears to be the only topic they discuss. for a form of fiat money it sure does get a lot of attention though.

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>>83117830
>I never understood why there were so many song and tv shows making fun of the suburbs as a bad place

I'm 49 and have lived my whole life in the 'burbs and while I'd prefer to be out on some acreage in the country, I also like the suburbs and would _never_ live in a city.

I've got a 900 sq.ft. brick ranch house with a finished basement and two car garage, a few big old trees (plenty of shade) on a 55'x150' lot that abuts onto a city park and find it pretty comfy and cost effective ($600 per month mortgage, including property taxes).

>>83111890
Basic Economics by Thomas Sowell

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>>83117868
>trams are starting to be adopted again in many european cities

You know what they say; in American 100 years is a long time and in Europe, 100 miles is a long distance...

Europe is FAR more densely populated then the U.S. so rail makes sense but in America, it's only effective within inner cities.

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>>83118594
>spouting revisionist conservacuck memes

You lack a fundamental understanding of how the financial crisis happened; Investment banks, under absolutely no obligation to loan under the CRA, gobbled up shitty mortgages from actual lenders because they figured that, even though most of the spics and niggers would default and get thrown out as soon as their ARM went up, the value of the house would theoretically shoot up even more in the two or three years it took for that to happen. Some massive banks were holding a third to an outright fucking majority of their assets in ARMs, and major insurers were offering CDOs on them, neither of which would be the case if the root of the problem had been the government demanding that more niggers be given loans.

>>83104296
T H I S
H
I
S

To get started, start with Michael Lewis desu.
Liars Poker -> Big Short -> Flash Boys

Repeat after me.
The system is
F U C K E D
U
C
K
E
D

>>83117471
Because it's virtual currency without a shit tonne of the disadvantages of normal floating currencies and exchanges bullshit. It's still fairly volatile though

>>83103372
>people aren't responsible for taking out crazy loans because the charismatic weather man told them there'd be no rain on their parade

No one is creating collateralized debt packages with student loans

Student loans are largely taken in from the government

>>83114369
This des. I said just earlier. Do Liars Poker -> Big Short -> Flash Boys.
Lewis can make even the most convoluted bs (sub prime mortgages, HFT etc.) easily understandable to common folk

>>83111890
everyone is talking michael lewis here, but i would also say check out boomerang if you like his stuff.

>>83119071
yeah bro, you solved all bubbles ever man xD just guys, don't be greedy! just don't do dumb things man!

It's not like people in the financial field who were are considerably more intelligent than you have been hired by the government to list many reasons why the financial crisis happened or anything.

http://digitalcommons.ilr.cornell.edu/cgi/viewcontent.cgi?article=1605&context=key_workplace

>>83119071
Can you really blame some impoverished shithead who can barely even count for taking a $300,000 loan that was actively marketed to him even though he has no income or assets?

Banks have teams of thousands of people, many of them with fucking PhDs in quantitative fields, dedicated to examining risk and creditworthiness. They were fully aware that most of the people they were giving mortgages to were going to default on them at some point; they just figured that, when it happened, they'd be able to flip the house again for even more money.

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>>83119071
>people aren't responsible for taking out crazy loans

People need a roof over their head and have to pay what the (((market))) demands at the time.

Back in 2005, my neighbor down the street sold his house for $125,000 but in 2008 after the housing bubble burst, the exact same houses on my street (see >>83118856) were on the market for $45,000 and _weren't_ selling but just this year, another neighbor down the street the other way, sold his house for $124,900.

The housing bubble wasn't the fault of home buyers, it was the shyster banker's fault (again).

>>83106967
ah yes, the jew saved the day in real life just like in the hollywood drivel

I'm gonna laugh so hard at Americans when their economy is fucked again, and QE won't save you this time

>>83118727
Think of it as an asset. Why would traders put their money in "virtual gold" at any point in the trading year?

>>83111890
>>83119199
Yeah this.
Also Taleb's bretty bud too.

>inb4 M U D S L I M E.
Read his shit first.

>>83104617

For you

>>83112230
Forex?

So what's gonna happen when the big bust arrives?

>>83121148
Say goodbye to your invested capital and house faggot

>>83104296
ya ok whatever but it's still white peoples fault

>>83103372
>(((white people)))

>>83103372

What do white people have to do with banking?