#201
Welp,
#202
wow, just wow
#203


Lmao the founder of jacobin mag
#204
2 percent huh?

#205

karphead posted:

wow, just wow


#206
Electronic old men, trying to fuck children.
#207

dimashq posted:

Lmao the founder of jacobin mag



Well... consider the proportion of rapists he probably has on payroll... he doesn’t want morale to take a hit

#208

cars posted:

Some funny Washington Mafia shit happened today when the top U.S. spook, recently fired and on the way out the door, interrupted a meeting held by his second-in-command and demanded that she quit and leave along with him. She was otherwise possibly going to inherit her boss's old job for 69 seconds until Trump installed his own guy. To resign, the second-in-command spook wrote a letter to the president but submitted it to the vice president's office, who weren't expecting to receive it and paid no attention to it, a master troll which successfully confused every single person in government and the media for hours as to who currently held which top-level position in the United States.



I wonder if Coats told Gordon, “Epstein’s gonna rat on Trump, better make Pence aware we know who’s in charge now”

#209
We all know Gordon doesn’t like Trump and Trump doesn’t like Gordon, but considering how likely Gordon was to hold the top spot in the entire U.S. spook apparatus for a few do-nothing days at least, it’s surprising that Gordon would pass up having “Director of National Intelligence” on her resume on a whim because Coats ran into a meeting room and said, “You have to resign right the fuck now, this very second, for uh no reason, also everyone in your office knows you work for the president but why don’t you have them mysteriously submit your resignation letter to Pence’s office instead, as though you and I somehow think he’s the president now?”

Like, okay, Gordon’s going to resign... why does Coats interrupt a meeting like it’s an emergency, and why does Gordon conclude from that conversation that she needs to drop everything and write and submit her resignation letter now now now, and then she or her people execute her resignation in a bizarre, almost inexplicable way? Even the Washington news press looked at it and said, This is unheard of, we’ve never seen anything like this chain of events before.

So this is all extremely weird-looking, and then the guy who could potentially testify that the President is a child rapist dies by “suicide”, while under “suicide watch” where he’s left alone for thirty minutes at a time, in a cell with video monitoring equipment that supposedly wasn’t being used...
#210
look, mister tin foil hat, according to the latest news reports, he actually wasn't on suicide watch anymore, so there's nothing to see here. next you'll be telling me jet fuel doesn't melt steel beams!!!!
#211
It is this professional’s opinion that Mr. Epstein is no longer at risk of self-harm through mob-connected ex-cops. Also recommend we turn off all the cameras in and around his cell for the epic win.
#212
#213
massive stock market crash in Argentina, 2 year vis a vis 10 year treasury inverts, 30 year treasury at record low, Dow down 600 and NASDAQ down 200 points today, German economy contracting, mortgage debt now higher than its 2008 peak, banks other than Deutsche Bank laying people off, and for what its worth I've seen 2 chains go out of business in da mall. Meanwhile China sees that US importers and consumers can't stomach any more tariffs despite Trump's threats to go hard on them if they don't reach a deal until he's re-elected. Things are going to get interesting
#214
unfortunately it appears like facebook and google murdered all the journalists and algorithms killed the traders so we may be denied our rightful LF tradition of the thread of pictures of stock traders looking suicidal
#215
Wonder who they'll drop a cold trillion on this time.
#216
goonspeed to the global economy as it marches to its demise
#217
Lol im going to die when drug prices skyrocket even further. Sieg Heil to death.
#218
One thing that kind of confused me was where was all this investment in 10 year bonds coming from if there's no proportional fall in the stock market. I think the answer is obvious now: it's the capital flight from Emerging Markets. And, just like in the Asian Crisis of 97, it could delay the recession in Amerikkka until after the election (it would offset inflation from a reduction in the federal funds rate too!). What are we thinking?
#219
My theory is that bonds are the only place left for the rich to stash all the enormous piles of cash they have after the tax cuts. And when this crash happens it'll make the last one look fun. Trumps tax cut has the government running almost completely on debt, and interest rates are still low historically. So there's really no opportunity for any kind of stimulus once it happens, a few more banks and some big non-weapons companies are probably gonna die, so 10 year bonds are probably not an unreasonable bet. After a point share buybacks are just concentrating risk, so the smart thing to diversify is the investment which cannot, by law, lose any money. By holding bonds now they gain leverage when the only thing the geniuses have to offer is austerity because the US will always value repaying loans to the wealthy over providing for the public in times of extreme crisis.
#220

MarxUltor posted:

My theory is that bonds are the only place left for the rich to stash all the enormous piles of cash they have after the tax cuts. And when this crash happens it'll make the last one look fun. Trumps tax cut has the government running almost completely on debt, and interest rates are still low historically. So there's really no opportunity for any kind of stimulus once it happens, a few more banks and some big non-weapons companies are probably gonna die, so 10 year bonds are probably not an unreasonable bet. After a point share buybacks are just concentrating risk, so the smart thing to diversify is the investment which cannot, by law, lose any money. By holding bonds now they gain leverage when the only thing the geniuses have to offer is austerity because the US will always value repaying loans to the wealthy over providing for the public in times of extreme crisis.



I think this is probably right.

The usual mode of the Federal Reserve during the last half-century of Republican presidencies is as follows



That's the federal funds rate, with the years a Republican's in the White House in red and the years a Democrat's in office in blue. You'll notice a trend, or really, a couple trends.

But with the way things are going policy-wise, plus the knee-jerk social biases of a lot of big investment house leadership regarding a guy like Trump who's one of them but not one of them, the bourgeoisie are socking away their tax cuts—and likely their savings from a substantial number of new or old, but currently low-risk, tax dodges—into the investment vehicle closest to the caravan's armed guards. That is, they're moving from their previously favored buybacks into the one investment that's always directly, nakedly, guaranteed-and-no-doubt-about-it backed up around the globe by the overwhelming destructive force available to the United States federal government through its gangs, thugs, satraps and janissaries. They wouldn't put it that way, but there it is.

#221
Does this mean its a good time for me to open a new business
#222
I haven't studied it that closely but I think the trade war is attempt to counteract for the falling rate of corporate profitability. I can't remember if I've made this analogy but I'm thinking the economy is a goose that lays the golden eggs but then it stops laying so many eggs, so the farmer in a fit of range opts to hoard the remaining eggs while strangling the goose to death. To put it another way it's a contradiction between the base and superstructure with the objective prerogatives of the base now contradicting the superstructural prizes of dominance.

Michael Roberts had a post the other day that monetary and fiscal stimulus isn't going to work after the next crash (and haven't worked) so the "zombie" firms that have been floated with debt since 2008 are going to go bankrupt.
#223
Democrat wastrel Bernard Sanders withdrew from the campaign for United $nakkke$ President today when he declared class war against the bourgeoisie on Twitter, looked around floppily, screamed, “Fine, I’ll get things started,” and immediately stabbed himself through the heart with that giant sword Maduro gave to Ben Norton. Medical examiners declared him dead at the scene from “the absolute most Fail AIDS, just an abandoned thermos of a man and Fail AIDS are the week-old coffee.”