Hey I am new to Economics can someone explain this to me? Wells Fargo and JP Mor

thehun

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Quote from: redsun114 on June 11, 2019, 05:47:04 AM

Quote from: TimeBits on May 24, 2019, 06:14:27 PM

https://twitter.com/business/status/1132058073512722432 JP Morgan
https://twitter.com/business/status/1132056221316517889 Wells Fargo

I don`t understand this stuff I am a farm boy, I work, plant seed, create life, create value, bring it to market, sell for scam money that I buy other stuff with, sometimes I just trade the fruit for other stuff. I don`t understand all this stuff, please helpa me.

The tweet you see there is just as it is, they have already explained it all. Trumps comments are what's keeping the stock market stable, that's what they are saying. But I don't get what you mean by producing and selling your farm produce for a scam money?? What are exactly are you calling scam money?? Is it fiat?? Sorry but that shows you know nothing, because there is nothing as such. Even the cryptocurrency you're talking about that you think is best is very volatile. If you think the dollar you're using is a scam then why not switch to cryptocurrency and stop making use of fiat? I know you wouldn't, because you know that you can wake up the next day and all your money are gone.

Any person who wants to sell his produce in a global market today needs to accept fiat payments (unfortunately). You may be able to sell a few fruits here and there with crypto but at a larger scale it just doesn't work yet. I believe what he means with "scam money" is a centralized currency that you don't control, and that any day can be easily confiscated by the emitter (not the case with crypto).

redsun114

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Quote from: TimeBits on May 24, 2019, 06:14:27 PM

https://twitter.com/business/status/1132058073512722432 JP Morgan
https://twitter.com/business/status/1132056221316517889 Wells Fargo

I don`t understand this stuff I am a farm boy, I work, plant seed, create life, create value, bring it to market, sell for scam money that I buy other stuff with, sometimes I just trade the fruit for other stuff. I don`t understand all this stuff, please helpa me.

The tweet you see there is just as it is, they have already explained it all. Trumps comments are what's keeping the stock market stable, that's what they are saying. But I don't get what you mean by producing and selling your farm produce for a scam money?? What are exactly are you calling scam money?? Is it fiat?? Sorry but that shows you know nothing, because there is nothing as such. Even the cryptocurrency you're talking about that you think is best is very volatile. If you think the dollar you're using is a scam then why not switch to cryptocurrency and stop making use of fiat? I know you wouldn't, because you know that you can wake up the next day and all your money are gone.

slaman29

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Quote from: Kakmakr on June 10, 2019, 01:25:57 AM

It's all a bunch of smoke screens and political nonsense that are created to fluff and hype traditional investment options. Even a blind man can see that these investment options are well overdue for a massive correction, but the Bankers and the government wants to create the impression that there are nothing wrong with traditional investments to artificially stimulate the global economy. Tongue

I prefer to have some investments like Crypto currencies that are not linked to all of this BS, where the value is derived from open markets. Wink

I wish you were right there but the fact is blind people or not, every day hundreds if not thousands of people are fooled by all these political nonsense. I have to admit that even myself I saw things differently before. And I consider myself at least average in intelligence;)

I think to be honest even economists themselves now are lost and wondering what happened to the system they knew and created. Bitcoin creators themselves, they probably never saw this age of BTC

armarsterling7

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Quote from: TimeBits on May 24, 2019, 06:14:27 PM

https://twitter.com/business/status/1132058073512722432 JP Morgan
https://twitter.com/business/status/1132056221316517889 Wells Fargo

I don`t understand this stuff I am a farm boy, I work, plant seed, create life, create value, bring it to market, sell for scam money that I buy other stuff with, sometimes I just trade the fruit for other stuff. I don`t understand all this stuff, please helpa me.

President Trump wants to maintain a stable economy for the US. because the new economic stability can be a good foundation for a political attack. Mr. Trump does not want any strong fluctuations in his economy and only wants to make China and the countries treating the United States badly pay for their actions.
This is really a great strategy of Mr. Trump, a great businessman.

saraschoudhary

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Quote from: TimeBits on May 24, 2019, 06:14:27 PM

I don`t understand this stuff I am a farm boy, I work, plant seed, create life, create value, bring it to market, sell for scam money that I buy other stuff with, sometimes I just trade the fruit for other stuff. I don`t understand all this stuff, please helpa me.

Trust me, you are doing a far better and meaningful work any of the suited guys in these banks would ever do in their whole life. Humanity as a race can definitely live without them but we won't survive for long if we don't have you.

The fulfillment and satisfaction that one gets on a farm is incomparable to the miserable and grumpy lives that most of the executives around the world lead.

Kakmakr

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Quote from: XinXan on June 10, 2019, 10:16:01 AM

Quote from: Kakmakr on June 10, 2019, 01:25:57 AM

It's all a bunch of smoke screens and political nonsense that are created to fluff and hype traditional investment options. Even a blind man can see that these investment options are well overdue for a massive correction, but the Bankers and the government wants to create the impression that there are nothing wrong with traditional investments to artificially stimulate the global economy. Tongue

I prefer to have some investments like Crypto currencies that are not linked to all of this BS, where the value is derived from open markets. Wink

Well.... i mean crypto is full of BS as well, its aj open market full of whales manipulating the price, Im not sure if thats really better. Bitcoin lovers also refuse to admit there are problems with bitcoin and that corrections are needed

Yes, there are manipulation and FUD in every market and investment class, the difference is that Bitcoin is not linked to any government influence or centralized financial authority like Banks and traditional investment firms.

The water becomes murky when centralized entities get control over these markets and they determine the outcome of the game. It is like playing sport with the match officials being paid by the opposing team. Angry

davis196

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Quote from: iv4n on June 10, 2019, 01:46:26 PM

Did you saw a first comment under "Ditch the #stocks and grab some #bitcoin"! What you need to do is that, trying to understand JP Morgan, Trump and their economy is just going to make you crazy! Classical thieves, not today or yesterday, they are doing that for years and now they are selling you more garbage.
Do the thing from first comment, ditch them all and grab some crypto!

If a regular non-tech savvy guy tries to understand the crypto-economy,he would become crazy as well. Grin

The crypto world is becoming more and more complex and way less people will understand it.
So let's not act like we are privileged.

iv4n

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Did you saw a first comment under "Ditch the #stocks and grab some #bitcoin"! What you need to do is that, trying to understand JP Morgan, Trump and their economy is just going to make you crazy! Classical thieves, not today or yesterday, they are doing that for years and now they are selling you more garbage.
Do the thing from first comment, ditch them all and grab some crypto!

XinXan

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Quote from: Kakmakr on June 10, 2019, 01:25:57 AM

It's all a bunch of smoke screens and political nonsense that are created to fluff and hype traditional investment options. Even a blind man can see that these investment options are well overdue for a massive correction, but the Bankers and the government wants to create the impression that there are nothing wrong with traditional investments to artificially stimulate the global economy. Tongue

I prefer to have some investments like Crypto currencies that are not linked to all of this BS, where the value is derived from open markets. Wink

Well.... i mean crypto is full of BS as well, its aj open market full of whales manipulating the price, Im not sure if thats really better. Bitcoin lovers also refuse to admit there are problems with bitcoin and that corrections are needed

el kaka22

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This is almost always the case when there is someone in charge of ANY country in the world that doesn't really have a roadmap plan for their ruling period.

Normally, Obama for example had a roadmap and told everyone what he wanted to achieve and he either did that or at least failed to did it but everyone knew what he was going for whereas Trump is literally unknown and one day he can say x is good for the world and next day will say x is bad and weirdly enough next day will say x is good again.
That is why the investors are a bit afraid of investing these days and they are afraid of doing any moves because if trump does something good it may go down and that is why they want to sell but if he says or does something good then it can go up too, what can anyone do in that situation, its mind boggling.

Kakmakr

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It's all a bunch of smoke screens and political nonsense that are created to fluff and hype traditional investment options. Even a blind man can see that these investment options are well overdue for a massive correction, but the Bankers and the government wants to create the impression that there are nothing wrong with traditional investments to artificially stimulate the global economy. Tongue

I prefer to have some investments like Crypto currencies that are not linked to all of this BS, where the value is derived from open markets. Wink

FanEagle

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I think it is not only that Trump manages to keep the stocks not going to low or going to high but also shows the volatility issue. Why does less people want to buy stocks lately? Why are they unwilling to sell but unwilling to buy ? What is the connection of it with Trump?

Well, whatever we say will be just pure assumption and speculation unless we actually do some sort of survey among all regular stock market lovers but from the predictions we can see couple things.

First of all people do realize that companies do make money, it could be in a good way like making more profits but it could be in a bad way like laying off people but in the end even if its bad for the country there is a profit to be made, even if its short term its there so people are unwilling to leave however people know that its not a feasible long term plan and it may hurt them in the end (maybe not in 1-2 years but in 10 years) so they are still not buying neither, they need to see proof first and that is why the volatility got very low.

CryptoBry

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Quote from: davis196 on May 26, 2019, 06:51:26 AM

Quote from: TimeBits on May 24, 2019, 06:14:27 PM

https://twitter.com/business/status/1132058073512722432 JP Morgan
https://twitter.com/business/status/1132056221316517889 Wells Fargo

I don't understand this stuff I am a farm boy, I work, plant seed, create life, create value, bring it to market, sell for scam money that I buy other stuff with, sometimes I just trade the fruit for other stuff. I don't understand all this stuff, please helpa me.

You already explained everything. Create goods, sell them, get money, buy other stuff. This is economics. What JPMorgan and Wells Fargo are currently going is not economics. It's theft and fraud. Grin

Actually the farm boy is more grounded and understand more how real economy works that the people in JPMorgan and Wells Fargo because when these conglomerates will go bankrupt it will be the taxpayers like the farm boy who will bail them out...of course in cooperation with the government made up of people who can easily decide to print more money anytime they want to.

davis196

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Quote from: TimeBits on May 24, 2019, 06:14:27 PM

https://twitter.com/business/status/1132058073512722432 JP Morgan
https://twitter.com/business/status/1132056221316517889 Wells Fargo

I don`t understand this stuff I am a farm boy, I work, plant seed, create life, create value, bring it to market, sell for scam money that I buy other stuff with, sometimes I just trade the fruit for other stuff. I don`t understand all this stuff, please helpa me.

You already explained everything.Create goods,sell them,get money,buy other stuff.This is economics.
What JPMorgan and Wells Fargo are currently going is not economics.It's theft and fraud. Grin

CryptoBry

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Quote from: TimeBits on May 24, 2019, 06:14:27 PM

https://twitter.com/business/status/1132058073512722432 JP Morgan
https://twitter.com/business/status/1132056221316517889 Wells Fargo

I don't understand this stuff I am a farm boy, I work, plant seed, create life, create value, bring it to market, sell for scam money that I buy other stuff with, sometimes I just trade the fruit for other stuff. I don't understand all this stuff, please help me.

You can be a farm boy and yet well-versed on many things related to economy, cryptocurrency, politics, science and many other stuffs. People in the farm especially farmers are known to be intuitive, down-to-earth and more in touch with the real life so I am expecting that in no time at all you can be the best farm boy the country can produce.

Okay so much for you. The tweets you are sharing here concerned about the ups and down of the stocks in the Wall Street and how they got affected with the Trump effect which kinda expected as the President no matter how lame some people viewed him to be is still a big force in the world of business if not on politics. The second tweet is talking about how bank shares are considered to be low-volatility (means more stable) stocks but this is changing for now and into the future.

odolvlobo

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Quote from: TimeBits on May 25, 2019, 05:02:16 AM

Quote from: odolvlobo on May 24, 2019, 10:16:01 PM

Quote from: TimeBits on May 24, 2019, 06:14:27 PM

https://twitter.com/business/status/1132058073512722432 JP Morgan
https://twitter.com/business/status/1132056221316517889 Wells Fargo
I don`t understand this stuff I am a farm boy, I work, plant seed, create life, create value, bring it to market, sell for scam money that I buy other stuff with, sometimes I just trade the fruit for other stuff. I don`t understand all this stuff, please helpa me.

As the tweet explains, Trump's comments tend to keep stock prices from rising too high or falling too low.
The prices of bank shares are becoming more stable. The article states that the increased stability makes bank stocks more appealing to more investors.

How does a Trump`s comments have anything to do with a stock price from rising or lowering, that he does not even own?

A bank share? How does a bank have shares? Increased stability? Why in 2008 was there a banker bailout? How does a bank need a bailout?

Trump has powers and influence that can affect the economy, and comments by Trump indicate potential future changes to the economy. The state of the economy has an effect on stock prices. Traders respond to those comments in anticipation of future changes to stock prices.

Many banks, especially the big ones, are corporations with publicly traded shares.

Gozie51

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Quote from: TimeBits on May 25, 2019, 05:02:16 AM

How does a Trump`s comments have anything to do with a stock price from rising or lowering, that he does not even own?
A bank share? How does a bank have shares? Increased stability? Why in 2008 was there a banker bailout? How does a bank need a bailout?

I am still confused.

Talking on what you have written, if trump make a speech of job loses for example, it means it is a negative impact news and economic indexes will be affected because of hardship and there will be tough times for families too as money won't be flowing into the family because of the member whose job is affected. The currency gets affected as well because the GDP will be falling.

TimeBits

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Quote from: odolvlobo on May 24, 2019, 10:16:01 PM

Quote from: TimeBits on May 24, 2019, 06:14:27 PM

https://twitter.com/business/status/1132058073512722432 JP Morgan
https://twitter.com/business/status/1132056221316517889 Wells Fargo

I don`t understand this stuff I am a farm boy, I work, plant seed, create life, create value, bring it to market, sell for scam money that I buy other stuff with, sometimes I just trade the fruit for other stuff. I don`t understand all this stuff, please helpa me.

As the tweet explains, Trump's comments tend to keep stock prices from rising too high or falling too low.

The prices of bank shares are becoming more stable. The article states that the increased stability makes bank stocks more appealing to more investors.

How does a Trump`s comments have anything to do with a stock price from rising or lowering, that he does not even own?
A bank share? How does a bank have shares? Increased stability? Why in 2008 was there a banker bailout? How does a bank need a bailout?

I am still confused.

YOSHIE

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Lots of details that can be learned about cryptocurrency, economics, and Bitcoin.
There are several steps that can be learned before doing something, what is bitcoin or something else:
example:
1. Bitcoin: Know the risks before you buy
2. Overview - Table of Contents:

After that your can learn the next steps.

3. What is Bitcoin? [The Most Comprehensive Step-by-Step Guide]

Hopefully this can be useful for you...

odolvlobo

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Quote from: TimeBits on May 24, 2019, 06:14:27 PM

https://twitter.com/business/status/1132058073512722432 JP Morgan
https://twitter.com/business/status/1132056221316517889 Wells Fargo

I don`t understand this stuff I am a farm boy, I work, plant seed, create life, create value, bring it to market, sell for scam money that I buy other stuff with, sometimes I just trade the fruit for other stuff. I don`t understand all this stuff, please helpa me.

As the tweet explains, Trump's comments tend to keep stock prices from rising too high or falling too low.

The prices of bank shares are becoming more stable. The article states that the increased stability makes bank stocks more appealing to more investors.

Topic: Hey I am new to Economics can someone explain this to me? Wells Fargo and JP Mor (Read 368 times)