Economy crash =/= stock market crash?

coyrls

I think the message is that you want to be in equities when they are going up but not when they're going down, nice one, thanks for that.

Type_45

Adyinvestment said:

Ah okay, so you have changed your mind then.

This isn't the huge crash you have been hyping about for 100 pages.

But it will happen one day...

I haven't changed my mind even 1%.  What are you referring to?

Type_45

Sri Lanka's economy collapsed this week.  And now so has the economy of Ecuador.

Like dominos.

Are you paying attention yet?

Type_45

coyrls said:

I think the message is that you want to be in equities when they are going up but not when they're going down, nice one, thanks for that.

I'm not sure you want to be in equities when they are melting up.  They won't collapse in an orderly fashion allowing you to get out with your bag of swag.

masonic

Type_45 said:

Sri Lanka's economy collapsed this week.  And now so has the economy of Ecuador.

Like dominos.

Are you paying attention yet?

I did notice that the Sri Lankan rupee has fallen in value by nearly the magic 80%. Not a good time to be caught out holding a lot of cash...

Type_45

masonic said:

Type_45 said:

Sri Lanka's economy collapsed this week.  And now so has the economy of Ecuador.

Like dominos.

Are you paying attention yet?

I did notice that the Sri Lankan rupee has fallen in value by nearly the magic 80%. Not a good time to be caught out holding a lot of cash...

The USD will also collapse. Other currencies too.  

masonic

Type_45 said:

masonic said:

Type_45 said:

Sri Lanka's economy collapsed this week.  And now so has the economy of Ecuador.

Like dominos.

Are you paying attention yet?

I did notice that the Sri Lankan rupee has fallen in value by nearly the magic 80%. Not a good time to be caught out holding a lot of cash...

The USD will also collapse. Other currencies too.  

The pound is already being regarded as an emerging market currency in some quarters. When are you planning to move your war chest of cash into gold or some other real asset?

Type_45

masonic said:

Type_45 said:

masonic said:

Type_45 said:

Sri Lanka's economy collapsed this week.  And now so has the economy of Ecuador.

Like dominos.

Are you paying attention yet?

I did notice that the Sri Lankan rupee has fallen in value by nearly the magic 80%. Not a good time to be caught out holding a lot of cash...

The USD will also collapse. Other currencies too.  

The pound is already being regarded as an emerging market currency in some quarters. When are you planning to move your war chest of cash into gold or some other real asset?

I'm ~30% cash right now.  I plan on buying gold/silver when they crash along with everything else.  They won't necessarily crash, but they have before and I want to be positioned to profit from it should it happen this time.

I already have big positions in gold and silver.

Type_45

Via Adam Taggart on Twitter:  "Remember the progression: 1. Hiring freezes 2. Bonus/hours/contractors cut 3. Layoffs"


Article on CNBC:

‘It’s almost unbelievable’: People are having their job offers rescinded days before they start"

https://www.cnbc.com/2022/06/23/why-peoples-job-offers-are-getting-rescinded-days-before-they-start.html

Sea_Shell

Type_45 said:

masonic said:

Type_45 said:

masonic said:

Type_45 said:

Sri Lanka's economy collapsed this week.  And now so has the economy of Ecuador.

Like dominos.

Are you paying attention yet?

I did notice that the Sri Lankan rupee has fallen in value by nearly the magic 80%. Not a good time to be caught out holding a lot of cash...

The USD will also collapse. Other currencies too.  

The pound is already being regarded as an emerging market currency in some quarters. When are you planning to move your war chest of cash into gold or some other real asset?

I'm ~30% cash right now.  I plan on buying gold/silver when they crash along with everything else.  They won't necessarily crash, but they have before and I want to be positioned to profit from it should it happen this time.

I already have big positions in gold and silver.

So exactly what is your plan for your gold and silver when the s**t hits, and the UK  (whole world) is on its knees and the rioting and looting starts.   

How do you plan to put food on the table with your assets?   But at least you'd have some fancy cutlery.