kek, so fast. The May retail sales is negative 0.5% versus 0. ECB is in panic mode, Italy 10 year yield is rising like no tomorrow. ECB must continue its debt purchasing program in garbage countries, like Italy, Spain. Wow, this is not good sign.
Interestingly, Chink beats expectation while US sinks. Biden surrender is coming.
I have always thought economics as a meme degree, for real.
Since economics are heavily reliant on human actions (which are often irrational and randomic) there is no way of predicting the human action, and therefore, no way of predicting some economic movimentations. Of course, there are some which are really easy to predict, such as inflationary times and etc, however, many aspects may be hard to predict I guess, and I think it might be hard or even impossible to predict human behavior through some random calculations.
Michael Price
>modern astrologer gives a reading
Jeremiah Clark
The north is full of cvckolds, sissies and whores
Kayden Wood
Learning jiujitsu (wrestling) + Any striking martial arts = success
Grayson Ross
Commodities
Jack Russell
Fuck off m8, we only like microeconomists round these parts.
>I have always thought economics as a meme degree, for real. It is. I have a masters degree in it, and it's not even close to being scientific. It's more of a language that makes it possible to talk about the economy, so it's perhaps better than nothing.
Isaac Ortiz
>Chink beats expectation while US sinks. >Chink real estate market is in shambles, a house no costs less than 1600 dollars in China. >Chinese banks deny customers the right to withdraw money, sometimes even the right to check their balance.
I'd hate to see what the expectations was if this is how China is doing "better than expected".
Dominic Torres
So here’s my question. The brokerage firms are practicing fractional reserve stock brokering and there are way more share holders than actual shares, similar to how Melvin capital was able to borrow 130% of all existing GameStop stocks. GME was a unique case because one dumbass got trapped, usually it’s more balanced but still greatly overextended. Wtf happens if all the underlying assets in the derivatives markets cannot be recovered? When multiple people have claim to a non fungible asset? What happens then? Do they just tell these boomers sorry we lost all your stonks when we loaned them out to our wallstreet friends?