#Stock Market Collapse

[kkaylium]

Not my current interest being the Great Depression lol.

I find it curious and wonder how new the idea of “credit” was at the time, as it seems at least part of the issue was people buying stocks with money they <i>did. Not. Have. </i> like….. we know now that is a bad idea, but did the people in the 1920’s know? I can’t say.

However. Like everything in CAPITALISM seems to go, of course the rich dudes decided “hey we can buy each others stock and make it look more valuable!” But bitch that didn’t work!

But also, mass panic (although I hesitate to place blame on the average person) didn’t seem to help. Like…. Don’t take out loans to invest in the stocks and then freak out the second the stocks look a little scary???? Don’t invest money you DONT HAVE????? But also fuck the rich that tried to pay to pretend the stocks were fine?????!!!!!!! OMG -____-

I can’t even conclude this, as I have yet to finish re-researching this piece of history I thought I knew so well when I was 12 lol.

Also, wtf, it took a WORLD WAR to fix this?!?!

Why on earth did humans invent money what the hell.

-____-

Might follow up later - we’ll see XD

[sharemarketinsider]

Sensex Surges Over 1,200 Points: What’s Driving the Market Rally?

📊 What’s fueling the Indian stock market’s latest surge? A landslide victory in Maharashtra has investors buzzing, with Sensex soaring over 1,200 points and key sectors like banking and infrastructure leading the charge. 🚀📈 Discover the opportunities and risks for savvy investors! 📥

👉 #StockMarket #Sensex #Nifty #Investing #MaharashtraElections #MarketTrends #FinanceNews

[topnewser]

Japan’s Nikkei 225 index plunges nearly 13% as world markets tremble over risks to the US economy, which can impact on the world economy.

Japanese Stocks in complete collapse, now down 13%, on track for the largest decline after 1987.

Japan’s benchmark Nikkei 225 stock index plunged nearly 13% on Monday, extending sell-offs that shook world markets last week as worries flared over the state of the U.S. economy.

Near closing time in Tokyo, the Nikkei was down more than 4,500 points at 31,341.29. The market’s broader TOPIX index fell 11.5% as selling picked up in the afternoon.

[ahmedtrade]

Fact Check Bitcoin Mining Emissions

[economischief]

Is the Fed Asleep at the Wheel? Silicon Valley Bank Collapse Raises Eyebrows!

Once upon a time in the land of banking regulation, there was a powerful entity called the #FederalReserve. It was tasked with keeping a watchful eye over the banks in the kingdom. But alas! The great and powerful Fed appears to have dozed off, allowing the collapse of Silicon Valley Bank (SVB) to occur right under its nose.

Michael Barr, the #Fed’s vice chair for supervision, admitted in a report that the supervisors failed to fully appreciate #SVB’s vulnerabilities as it grew in size and complexity. It seems that the watchdogs were too busy admiring their shiny badges to take the necessary action when risks were identified. The result? Panic, chaos, and a game of finger-pointing between the Fed and the Federal Deposit Insurance Corp. (FDIC).

Meanwhile, banks like First Republic Bank in San Francisco are left to navigate choppy waters, searching for a lifeboat amidst the storm. To add insult to injury, the FDIC has released a separate report that essentially says, “We found problems, but it’s not our fault the bank failed!” Classic blame-shifting manoeuvre, wouldn’t you say?

Now, Michael Barr has called for an overhaul of rules for banks with more than $100 billion in assets and a re-evaluation of how regulators treat deposits above the $250,000 federal insurance limit. Apparently, hindsight is 20/20, and the time to act is after the ship has already sunk.

Fed Chair Jerome Powell has given his support for these proposed changes, which would reverse some decisions made earlier in his tenure. One can’t help but wonder if the motivation behind this sudden change of heart is to save face or genuinely create a more resilient banking system.

In response to the report, some Republicans in Congress have criticised the push for more regulation. Rep. Patrick McHenry, chairman of the House Financial Services Committee, referred to it as a “self-serving justification of Democrats’ long-held priorities.” As if the world of banking regulation wasn’t confusing enough, let’s throw some political mud-slinging into the mix!

What’s truly remarkable is that amidst all the bureaucratic bungling, the Fed has placed blame on its own structure. It seems the watchdogs were too busy playing fetch with red tape to do their jobs effectively.

And so, dear reader, as we reach the end of this cautionary tale, we must ask ourselves: will the Federal Reserve learn from its mistakes, or will it continue to snooze through future crises? Only time will tell. But one thing is certain: when the next bank collapse comes knocking, the Fed might want to consider setting a louder alarm clock.

[bread--quest]

[ID: Tags from james-town reading "#cellos #I was a very small child and always worried would get trapped inside #and that like my mournful screams would become the music from the cello. or whatever". End ID.]

what is the lamest thing that ever genuinely scared you like either as a kid or adult. i got scared of those halloween cartoon scooby doo ass eye stickers ppl put on mirrors when i was 9 and screamed so hard i fainted

[renegadetalk-fm]

Alex Jones Experts Believe Stock Market Crash Could Trigger Global Economic Collapse & Respected Economist Are On-Air NOW Covering It

[trendtracker360writer]

The Economic Storm Brewing: Brace for Impact as Recession Clouds Gather

Fellow investors and econ doomers, the winds of change are howling, and the skies are darkening with the ominous clouds of an impending recession. The recent jobs report has sounded the alarm, and the writing is etched in bold letters on the economic wall – a downturn is looming, and it's time to batten down the hatches.

#recession #collapse #brokenness #stockmarket #silversqueeze #sprottmoney

[crowgale]

Am I the only one that wants a sequel to the Weird Al biopic?

Am I the only one that wants that sequal to be titled Wierd Al Shankabitch and just be a solid hour and 30 minutes of Danial Radcliffe in an afro and hawaiian shirt, battling his arch-nemesis (who is played by Elijah Wood)?

[awkward-teabag]

But there's a labour shortage, they should have no problem getting another job 'cause companies constantly complain about how they can't find employees! /s

this layoff shit is eerie. hundreds of people across industries and companies getting canned all at once, all the time, every day. my linkedin feed is full of people begging for work, more and more every day. companies who can definitely afford these people but wanna save a few extra bucks. who's gonna be left working?? what are we doing here

[ontonix]

Daily Market Alert System Gives Days of Drawdown Early-Warning

The Daily Market Drawdown Alert System by Uniratings, an Ontonix brand, has been operating in a beta-testing mode since April 2023. It captures daily closing values of major indices – NASDAQ, S&P, FTSE, DAX and CAC – as well as the price of gold and Bitcoin. Alerts are issued at 22:00 EST. So far the system has been successfull at capturing, with various days of anticipation, all major drops of…

[equityshala]

The Silicon Valley Bridge Bank (SVB) Fiasco

The Silicon Valley Bank (SVB) collapse is a devastating reminder of the potential consequences of mismanagement and fiscal irresponsibility, as well as a story of what could happen if financial organizations aren’t as carefully managed as they should be. In 2016, SVB collapsed as a result of a $6.4 billion loan gone wrong and the failure of the institution’s leadership to properly manage its…

[reportwire]

No serious implication on Indian financial system due to Silicon Valley Bank failure, says Government

The Government does not see any ‘serious’ impact on the overall Indian financial system due to the breakdown of Silicon Valley Bank (SVB). However, it does acknowledge that stock market and start-up ecosystem may face some heat. “We do not see any serious implication on our financial system due to development in the US,” a senior Government official told businessline. While he did not explain it…

[ahmedtrade]

Who Will Buy Your Gold at $5,000/oz?

[absolutepokemontrash]

I have a very silly and stupid Headcanon

Everyone likes to joke and accuse Mammon of having caused The Great Depression, even though he swears up and down he had nothing to do with it. The other brothers however claim he was in New York at the time doing Father knows what, so he has no alibi. It doesn’t help that Mammon himself doesn’t even remember what he was doing when the stock market collapsed.

Dear human, do you want to know what Mammon was really doing? He was getting wasted with some low level gangsters on moonshine strong enough to knock an elephant on its ass. No wonder the poor bastard doesn’t remember.

Enron on the other hand, yeah Mam was definitely in the boardroom cackling like a hyena while telling the execs to keep doing the dumb shit they were doing. He sauntered back into the Devildom like

“Guess what the great Mammon just did! Go on, guess!”

And everyone was like “Mammon, don’t tell us to guess, last time you told us to guess what you did, the price of tulip bulbs in the Dutch Republic went crazy.”

[drdemonprince]

am i being stupid by refusing to invest any of my money? i just don’t find it ethical (lots of people have 0 idea what theyre actually invested in with typical low risk investments and it would actually drive me nuts to have to investigate every single thing thats on there) and i also have zero faith in the stability of the economy or the world i just literally don’t trust like that. and fear that with climate change i’m not going to have a traditional future or retirement anyway. is this incredibly stupid i’m being so genuine because i dont know

I think your ethical concerns are totally reasonable. Any investment in the stock market is pretty inherently fraught, even if you choose index funds that exclude the especially bad stocks of like firearms/military contractors/etc. Even something like a bond can be easily said to be bad, because it's a loan to the government, and most money market or high yield savings are not untainted either, because most banks themselves invest in fucked up shit like oil pipelines. The one avenue I think that would be mostly okay is a high yield savings account for a credit union, or a bank that you've researched and know doesn't invest in that kind of shady shit. I have also argued previously that it's not wrong to invest in an apartment or house -- as long as you're not landlording, vulnerable people having more secure housing and the ability to share that housing with others in their community is good and understandable. So on balance, I get where you are coming from, though I think having a financial safety net makes people less likely to have to take on unethical jobs and makes them less vulnerable to financial abuse and exploitation, which has merit ethically.

I tend to see the doomerism question a bit differently. If the US empire falls or the economy collapses, you'll either have much bigger problems than your 401k bottoming out (problems like the complete obliteration of the supply chain), OR we will be living in a financial paradigm so dramatically different and more just that you wont MIND that you dont have that money anymore. Whereas if the US economy continues to exist, you're gonna be fucked if you dont have a retirement to fall back on, so why make yourself needlessly more vulnerable by not saving? The ethical rub with this, though, is that it creates the moral hazard of rooting for the US empire and economy to never fall, and that rendering you more conservative... which is a possibility, but like, as i said, i think it's possible to have some money saved for a rainy day under capitalism while still praying for capitalism's downfall. if anything, being more financially independent makes it EASIER for me to risk unemployment & etc by doing more radical political actions and speaking my mind and saying no to things. but ymmv