Thoughts?

Thoughts?

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Moo

Idk

Ehh

Good movie but it's the reason /biz/ is full of straight retarded neets role playing as finance experts and wealthy people so I hate it.

Just liek Wolf of Wall street.

what a shitty fucking poster.

I don't know jack shit about finance or housing

This. After it came out, along with any movie about the stock exchange you get fucking retards flooding /biz/.
>mfw been a stock broker for 5 years
>mfw most people with bussiness degrees can't sell shit
>mfw they take a business class but not a communications class
>mfw my firm doesn't pay for interns to take series 7 test anymore because kids from 18-24 suck cock at business
>mfw my salary is over 300k before taxes

I believe you just as much as I believe people on /biz/

So, not at all

Any film that helps inform the masses about why we're fucked and how we were fucked is a good film.

It's a shame that people didn't listen then, and they don't listen now.

For the past couple of years at least, there have been people on the fringes warning that the shit is going to hit the fan again. They still get laughed at. They still don't get taken seriously. But they're probably right. Again.

Be careful out there lads. It's probably going to get ugly again.

How much does being a stock broker actually pay? I really want to become one but I heard that the pay is way lower then in the movies.

Just watched it on Netflix, overall I loved it. Very entertaining and informative. I had someone tell me it's hard to follow, but I'm an accountant so it really wasn't.

I believe it's commission based, so the better you are the more you make. I've done tax returns for stockbrokers making 800k and wealth management executives making 1.5 million. Those were guys in their fifties though.

They blamed everyone but the borrowers of the homes who defaulted.

Is the young rich stockbroker a meme? What qualifications do you need?

This, if you can't sell you are nothing. Its actually the reason i respect Trump the most. Salemen see salesmen.

You have to work at a finance firm so that they can sponsor you to take the series 7 exam. So basically you have to work a shitty job as a bitch boy that you need connections to get in order to have a chance to sit for the exam that will license you to be a stockbroker. Even after all of that you still aren't guaranteed beaucoup bucks. I'm studying for my EA exam instead.

tfw ur a biz main and u stumble across a biz post in pol, with retards that dont know anything about finance or economics commenting down below

kekz

annoying tone to the entire movie, Adam McKay is a beta cuck

Would my father working in a bank make me seem a little more "qualified" then other people?

LOVED IT

POL WATCHES WORLD'S WILDEST POLICE VIDEOS

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Yes, a 90s meme

Again, this. Everything is sales. Want to 'win' at life? Become an expert at selling, anything. I couldn't hack it in my last sales job, but I'm determined to not give up. The only way out of the rat race is through sales.

Either that, or become a NEET. Honestly, I'm not sure which is the better path atm.

here's a discussion panel on this movie featuring the writer and director and some top experts at the world's #1 think tank

youtube.com/watch?v=e83a1ABh2h0

just accessible enough that you fashy goys might watch it and wonky enough that you might learn something

my dad works at nintendo and says ur a faget

Not true. Be a worth while person and invent something. Usefulness sells itself.

My dad works at Nintendo and he fucked your dad and said he's a shit root.

I vaguely remember the ending being complete SJ tier something a long the lines of a main character narrating how society will continually put the blame on poor people and immigrants I think he said versus Wall Street kekekek

At the end thy say the financial crisis was blamed on immigrants, which isn't true. I have no recollection of anyone ever mentioning immigrants in relation to the financial criais

Good and scary to think about

Heh

DUDE CAPITALISM IS BAD LMAO

Faggots. Puts it right in your face the criminal activity going on and still is and why house prices are so high and you're all like herr derr Muslims are fuckin shit. I hope to join them one day because you guys are hopeless retards.

I agree Muslims can fuck off but compared to this it's nothing.

The issue is not whether the shit will hit the fan, but when will the shit hit the fan and how it will hit the fan. If you noticed in this movie the assburger knew exactly when SHTF. Why did he know it? Because the teaser coupons on ARM (adjustable rate mortgage) will expire, and those people would not be able to pay higher monthly payment. So it wasn't the random guessing on the assburger part, he read those MBS prospectuses.

Here is the problem with current happening predictions in finance. You have a lot of people who always say SHTF very very soon. That story sells. They don't have any catalysts, they just say it because muh feels. That is BS. And it's kinda useless BS. Yes what we have now is unsustainable. You need to figure out when something breaks. While nothing breaks, the market will go up, and nothing will happen. When the shit breaks, we collapse again. When will this happen? Who knows. I can tell you one thing that will cause a collapse. If Trump wins, we will at least have something like Brexit collapse in the US. Will it last? Probably not.

Bottom line. just because something is unsustainable it doesn't mean it will break in the immediate future. Unsustainable shit tends to last unless the catalyst ends the unsustainable trend. You need to look for catalyst, not whether or not SHTF. The if is granted, its the when part that is very tricky.

Well I'm not a finance assburger but I hear a lot about student loans and especially right now, auto loans.

Perhaps those will be the catalysts.

But they don't sound like enough on their own. I mean home owners defaulting on mortgages is serious society breaking shit. Cars and student debt, not so much.

I think we might end up having a perfect storm of lots of things happening at once. Everything seems to be breaking down. We'll just have to see. But it seems to get worse every week.

The student loans that go bad are the ones guaranteed by the US government. There are two markets for the student loans. One is the US guaranteed market for women studies and other shit, and the private market where they loan to people with serious chances of employment. The former market seems fine. The government market is fucked. Think of the US guaranteed loans are another government gibs program. It depends on the US government having the money they piss away.

Auto loans. Periodically the different loans markets in the US turn to shit. There was a subprime crisis with credit cards in the early 2000s that nobody gave two shits about. Auto-loans are a niche market. The oil industry loans are going to shit now too. Nobody even talks about it, because it's not something that can topple the current economy.

The issue with mortgages was that it wasn't the issue of homes. The problem was that some MBS went to zero literally overnight and it caused panic in all the mortgage loans. They had CDOs that went to zero that had no mortgage loans in them too. The problem was mostly CDOs. MBS have support tranches that protect senior tranches from losses. They sold those support tranches to CDOs. A few % loss in underlying pool wipes out a support tranche. CDO made from the supports is wiped out when support is wiped out, even though the move is relatively shallow. Now imagine them creating a lot of those CDOs. How? The people making bets against those shitty mortgages ended up creating those CDOs on the other side, thus increasing the number of shitty CDOs. When you have a good chunk of AAA rated paper go not just bad but to zero almost instantaniously, it caused panic. People refused buying anything with the mortgage in the name. Additionally even good MBS paper was ridiculously overpriced. So you had maximum effect of a relatively small market going bust.

You need paper that everyone has dropping by a lot to cause a major happening. MBS were it.

I don't understand it

OP, you are a faggot, take this to Sup Forums

Good movie though, 9.5/10

S A G E