Economy crash =/= stock market crash?

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.   

masonic

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.

This seems to be a rather flawed plan when in other countries the currency goes down before the economy (the final part of the LKR collapse occurred back in March-May 2022), leaving precious metals relatively untouched. This type of currency collapse would precipitate an apparent melt-up in other assets.

The UK is looking a lot weaker than the US and will probably be a much earlier domino.

Type_45

Sea_Shell said:

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.   

I've got 3 months supply of food stored.  People with gold and silver can buy things with it.  DYOR on hyper-inflation in the Weimar Republic, how gold performed, and what you could buy with a few ounces of gold.

Type_45

masonic said:

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.

This seems to be a rather flawed plan when in other countries the currency goes down before the economy (the final part of the LKR collapse occurred back in March-May 2022), leaving precious metals relatively untouched. This type of currency collapse would precipitate an apparent melt-up in other assets.

The UK is looking a lot weaker than the US and will probably be a much earlier domino.

That might be true.  And what also might be true is that gold and silver don't crash at all.  And that is why I have an existing position in gold and silver, rather than waiting for them to crash first.