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20-25th december I think the first brrr part will pass. Random cassandra prediction time.
Infinite Money Printer go BRRRRRR
The folks that scoff at MMT are the same folks that jerk it to Bernanke, Yellen, and (even more bizarrely if you know shit about Fed Rate History) Greenspan and Volker.
Proof that you won't go back to using terms like "autistic" in a very negative manner, sorry for the late response
Chapo is good with that stuff, but wall street bets is infamous among the autistic community
this is so petit bourgeois.
stock market is capital detached from all ethical concern.
if you own stocks then you are rent seeking.only good way to own stocks is like the CCP: have a huge voting bloc so you can direct company policy.
send that money to bail funds or mutual aid.
or help someone pay off loans to avoid interest.that said, there is a weird subculture of high speed traders that make boatloads of money and try to do effective altruism with it.
it is like the Bill Gates vs Martin Skirelli dichotomy: both are just capitalists, but only one of them is doing apologetics for the existing system.when you enter the casino market, you are up against professionals, mathematicians, and highly advanced machine learning systems.
like multi-million dollar systems that scrape twitter sentiment, do news forecasting.the only way that comm could be cool is using imaginary investments, possibly matched with mutual aid donations, instead of real money.
edit: even just in terms of mental health, owning real stocks is not good for you, it gets so obsessive.
Is there a WSB to Chapo pipeline.
I used to be pretty active there and it seems like a surprisingly popular crossover.
Perhaps it's that both groups recognize the broken casino of the market and one is just trying to get lucky off it
Marx himself dabbled in stock trading.
“I have, which will surprise you not a little, been speculating … in English stocks, which are springing up like mushrooms this year … and are forced up to quite an unreasonable level and then, for the most part, collapse. In this way, I have made over £400. ...”
One biographer claims Marx decided to try his hand at financial speculation after hearing of the killing that German socialist Ferdinand Lassalle was making on the stock market. Another biographer suggests that some encouragement was provided by Engels (who was part owner of a cotton mill and knowledgeable about business matters).
Further on in his letter to his uncle, Marx says that he is going to do some more trading:
“… now that the complexity of the political situation affords greater scope, I shall begin all over again. It’s a type of operation that makes demands on one’s time, [but] it’s worthwhile running some risk in order to relieve the enemy of his money.”
Proles Podcast (RIP) did an episode about a soviet spy in Japan who started a business and just made a killing and was extremely profitable. Sometimes Communists are better Capitalists.
I see a perpetual struggle over whether China is Doing A Capitalism or simply generating an enormous surplus of value that it's able to export internationally by doing things their own way.
I know Mussolini dabbled in socialism, that’s why the intra-party politics has to combat liberalism and reactionary ideals.
it seems like a surprisingly popular crossover.
middle class socialists :stalin-garrison:
Is there a WSB to Chapo pipeline.
Recognizing the market is irrational is the first step to realizing a better way is possible.
Perhaps it’s that both groups recognize the broken casino of the market and one is just trying to get lucky off it
I suspect it is more the folks complaining about the rigged nature of the markets that drive people Chapo-ward. Long explanations about how HFT skim pennies off transactions, big traders squeeze positions or distort prices, and high profile business professionals make predictions and suggestions that fail to materialize while still receiving endless praise for being rich...
It's very hard to walk out of WSB and have a conversation about the Rational Market Actor. That whittles away at all the Econ 101 shit you were indoctrinated with in high school.
I think people leave WSB when they realize they have a monetary addiction and need something to get them away from it
I wish I knew what I was doing when it comes to stonks. I think the most I made is like $20 but I'm scared to spend a lot of money in case I fuck up and lose it.
I thought about doing it for a second. I looked up what puts/calls are. It's just gambling. You're betting someone else that a stock will go up or down, and you win or lose the stock or the premium. There's no secret to it. All the successes you see are survivor fallacy, there're as many or more losers.
