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/leftypol/ - Leftist Politically Incorrect

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File: 1608680398363.jpg ( 62.28 KB , 775x514 , DOWn.jpg )

 No.213072[View All]

💰️DOW/Market Watch Thread💰️
monitoring the market, trends, fluctuations, etc.
🎩
👀
🐽
👄
449 posts and 108 image replies omitted. Click reply to view.
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 No.411624

File: 1627681281248.jpeg ( 64.23 KB , 600x315 , voltaire.jpeg )

>>411613
Marxists have been talking about social and economic and all kinds of other "cracks" for a long time, but it just hasn't happened. That's why we say "good in theory but not in practice", it doesn't happen in practice.
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 No.411630

>>411624
The cracks are certainly there, capitalism is weaker and more volatile than in 1991-1992, China is rising, the US is stagnating, there are cracks, everyone is able to see them, the right at large certainly sees them that's why they're trying to come up with ultra-nationalist almost Nazi rhetoric.

Capitalism itself acknowledges that crisis are inevitable, not even the most hardcore neolib will deny that eventually a crisis will come, that's just how capitalism works.

The collapse of the USSR was a very serious setback for socialism, no doubt about it, but 150 years is not that much time for an entire global system to collapse,most empires of the past lasted way longer and collapsed anyway, the struggle will last centuries we may not be able to see it, but it will eventually arrive.
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 No.411636

>>411624
Marx was wrong to assume how quick its downfall would occur. The contradiction will lead to it's inevitable collapse, probably in the next few decades. Unfortunate for Marx it wasn't as foreseeable in Lenin's time, as it is for in our live times. Communism may never come, anything in between may never come but capitalism will collapse under it's own weight this I see dare I say almost religiously. Can't blame Marx for not exactly knowing the pace for which this would occur. You could assume he was wrong to assume communism as a given next choice, instead of cataclysmic collapse (capitalism's very possible future)
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 No.411643

>>411630
>China is rising, the US is stagnating
The US was rising, the UK was stagnating, but capitalism continues.
>ultra-nationalist
They're all losing because neither capitalism nor the people really want them anymore, they've learned from history.
>most empires of the past lasted way longer and collapsed anyway
And yet the institution of private property continued and dominated under every single one of them, which exists in the present form as capitalism.
>>411636
Capitalism is very robust and finds a way out every single time. Marx thought it would fall soon, Lenin thought the same, as did American socialists of the early 20th century, as did Soviet leaders like Khrushchev, yet every one of them were wrong and capitalism was always right. Study history and take the hint.
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 No.411665

>>411643
throughout most of history "private property" wasn't a thing. all property was owned by the sovereign.

the fever -dream of free markets is turning into a nightmare. state capitalism will replace neoliberal capitalism, and after that, who knows but probably not communism. at least the speculators and investors will be "shown their place"
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 No.411666

>>411643
you'll calling something that's an eyeblink of human history "very robust" lol
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 No.411675

>>411643
"Soon" for us means 4 or 5 years.
"Soon" for history could mean centuries, capitalism (and even worse, neoliberalism) is still very young if you compare it with feudalism.
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 No.411682

>>411665
>>411666
>>411675
>all property was owned by the sovereign.
So, privately. At any rate humanity tends towards private property and capitalism just like it does towards medicine and infrastructure, even if they haven't existed previously. We all know very well that capitalism can adapt to newer times very dynamically, introducing things like widespread credit accessibility, various Federal Reserve operations, neoliberal strategy, etc. Socialism is a historical anomaly just like fascism and people now have the hindsight to avoid both of these.
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 No.411689

>>411682
You have to be very dumb to think that socialism means that literally everything will be collective and private property would be completely abolished.

Why would we want your toothbrush to be collective property?
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 No.411725

>>411643
I'll admit capitalism has been more resilient then historical Marxist have thought. Though with each passing crash, it becomes more and more unstable. More inequality, more poverty, more global tension's. In the past their were new market's to conquer, new resources and labor to exploit. Today globalization has spread to it's near furthest extents.

As long as the vines of capital can grow, it lives but it desires to always expand it is part of capital. When it no longer can it looks inward to host of itself. This leads to speculative financialization, when this parasitism is losing it's source of subsidence (the ability to expand the manufacturing and service sector) it collapse in a implosion. the real material terms of our environment and labor force are straining. It is in a fight with biology and entropy it can't hope to win. Capitalism during the cold war had all the 3rd world to harvest from, while using the social democracic bretton-woods economics subdue the populous to keep it all together at home. After it had the rest of the world to suck up substance (from a luck break to subvert the USSR with CIA sus shit) for a little longer. Today it has no where to go and is eating itself.
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 No.411728

File: 1627684714053.webm ( 1.05 MB , 640x480 , 1504583383763.webm )

>>411544
END THE FED
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 No.413267

File: 1627752782391.jpg ( 62.59 KB , 750x1000 , 234234234.jpg )

>Rent moratoriums expire today, July 31st
>Congress out on two week vacation
>10 million people may be homeless out on the streets
What is going to happen?
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 No.413329

>>413267
bullish for blackrock
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 No.413343

>>413267
Hopefully an assassination.
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 No.413351

>>413267
Absolutely nothing of any real significance.
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 No.413408

>>413267
They aren't getting evicted all in the same day.
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 No.413423

Debt ceiling is coming back.

What does this mean?

https://www.cbsnews.com/news/debt-ceiling-suspension-expires/
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 No.413430

>>413267
Dow 50,000
>>

 No.413439


https://thehill.com/hilltv/rising/565362-briahna-joy-gray-white-house-thinks-extending-student-loan-moratorium-is-a-bad

Briahna Joy Gray suggested Wednesday that the Biden administration is not interested in extending the moratorium on student loan payments because it would be a "bad look" that casts doubt on the economic recovery.

"What I have heard recently is that there has been reporting that the reason that the White House doesn't actually want to extend the student debt moratorium isn't for any principled reason, but because the administration wants to paint a picture that the economic crisis that the country has been in for the last year or so is actually over,"
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 No.413443

>>413423
<The debt ceiling is the amount the Treasury can borrow on behalf of the public. Raising or suspending that borrowing limit does not dictate how much money the government spends, but allows the U.S. to pay what has already been approved. The debt ceiling was suspended in 2019 under President Donald Trump.
>
<On Friday, the Treasury Department started taking its "extraordinary measures" ahead of the looming deadline and warned congressional leaders in a recent letter that the Treasury will need to start taking additional steps starting Monday to keep the U.S. from defaulting on its obligations if congressional action was not taken.
>
Treasury Secretary Janet Yellen said failure to meet its obligations would cause "irreparable harm" to the U.S. economy.
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 No.413449

File: 1627759393656-0.jpg ( 65.34 KB , 750x701 , 1611011420161.jpg )

File: 1627759393656-1.jpg ( 49.55 KB , 640x640 , p0g4n7xl65761.jpg )

>>413439
Sounds like the government is trying to appear strong, that's good, they're getting more desperate
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 No.413472

File: 1627760435699.png ( 55.95 KB , 789x458 , back2twerk.png )

>>413449
IT'S FINE BRO THE ECONOMY IS BACK JUST GO BACK TO WORK AT WENDYS!!!!
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 No.413476

>>413472
I'm not going back to the wage cage
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 No.413478

>>413472
interesting if true, but then again jackie boy is the guy who went from "based Biden putting rentoids in their place" to "noo muh poor homeowners" when he found out mortgages were covered by the moratorium too
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 No.413480

>>413439
I assume the 15% inflation isn't a flaw in their looks.
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 No.413482

>>413480
>I assume the 15% inflation isn't a flaw in their looks.
This will soon be billed as a good thing for workers, if not already, because the alternative is unemployment.
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 No.413512

>>413329
Wouldn't mass homelessness cause a crash of rents and housing prices?
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 No.413516

>>413423
Nothing the debt ceiling is political posturing that gives Congress leverage over the president because they can just raise it whenever they want while threatening the president with a government shutdown.
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 No.413520

>>413512
>cause a crash of rents and housing prices
not a significant one and not one that would last for more than a few months
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 No.413530

>>411008
The official number is 5% but its bullshit because cpi is going up in every area and everything is getting more expensive. The fed keeps lying about it being transitory but they know things are fucked and they cant do anything to prevent the upcoming crisis but by continuing to pump money
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 No.413533

>>411544
Yes we are you complete fucking retard. The PE ratios are above dotcom boom in some crucial sectors.
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 No.413535

>>413530
>The fed keeps lying about it being transitory
actually, in the Fed meeting yesterday Jpow told everyone to not expect it to drop in the near term, which of course is bullish news
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 No.413538

>>413535
You got proof?
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 No.413545

>>413520
Hopefully homeless riots will bring down property values.
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 No.413559

>>411544
The Shiller PE ratio has it sitting higher than Black Tuesday and right before the peak of the dotcom boom. There’s T minus 1 year maximum before depression level collapse. Even if it collapses now, we’re still good for a depression. For the most obnoxious capitalist cuck on this board, you don’t know shit about the market

https://www.multpl.com/shiller-pe
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 No.413562

>>413512

The prospect of mass evictions are bad for landlords and rentiers but good for the private equity firms that have been buying up real estate left, right, and center. The large landholders can more likely than not weather these mass evictions, but the smaller, local landholders are facing increasing pressure as their profits fall.
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 No.413568

>>413535
That maggot face Powell porky will say anything to keep the pump going for a few more months. He knows Feds out of options and backed into a corner, he’s just letting the wall st porkies ride this boom up till complete collapse.

Consider this a pump and dump on a ginormous scale. They’re riding it up just a little more before the depression rug pull.
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 No.413588

>>413568
Kinda spooky ngl
>>

 No.413602

Here we go again at the nothingburger thread.
Stonks don't matter anymore, since they have gone complete fiction and I don't see why this should suddenly change now, especially with a more competent bourgeois puppet like Biden.
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 No.413606

File: 1627765415211.jpg ( 314.52 KB , 1600x1454 , 20210731_135848.jpg )

>>413588
Just look at the PE ratio chart, we're about a few months away from the max. We will soon see a big crash hopefully, anyone saying its not coming is delusional. Hard to time it, but Id give it 1 more year max.
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 No.413613

>>

 No.413618

File: 1627765793439.jpg ( 97.06 KB , 640x510 , your-jimmies-make-me-nervo….jpg )

>>413606
That soon? I knew it was coming, but a year?
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 No.413640

>>413449
I love that second pic.
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 No.413642

File: 1627766931666.png ( 749 B , 160x144 , LionKingProto-Start.png )

>>

 No.413643

>>411624
Disprove the falling rate of profit. Thx
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 No.413655

So, how can one profit from all this, then, if possible to do so?
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 No.413663

>>411636
> Marx was wrong to assume how quick its downfall would occur
Capitalism was on its death throes in the 1920s-1930s, it was only through massive state intervention did it recover - by devaluing all commodities and greatly reducing wages across the board.
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 No.413672

File: 1627768722744.png ( 93.89 KB , 427x324 , 1485634520057.png )

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 No.413833

>>413655
Buy low, sell high
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 No.413944

>>413663
I know and mass war saved it, this kinda war will (likely occur) and cause the ecological death of the means to civilization. Capitalism got lucky then it won't this time which is is why ancap is a retard.

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