Bitcoin's down 14% on the day, now trading at $7,000. Dow Jones stocks index lost 1,170 points, that was a 4.6% drop following on from last Friday's 2.5% loss.
Has the 2018 global economic apocalypse begun in earnest?
:sherlock:
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Bitcoin's down 14% on the day, now trading at $7,000. Dow Jones stocks index lost 1,170 points, that was a 4.6% drop following on from last Friday's 2.5% loss.
Has the 2018 global economic apocalypse begun in earnest?
:sherlock:
Wow, it started just after they released the memo.
#UnreleaseTheMemo
World economies have been propped up since 2008 via massive money creation by central banks and cheap credit with negative real interest rates, and - so the narrative goes - because the US Fed is indicating faster interest rate rises so as to normalise them to match the inflation rate then the 'everything bubble' in stocks, property, cryptos, fine art, etc, are going to pop as the cost of taking on debt (leverage) in future will be more expensive. Virtually none of the trillions pumped into the system with QE and the like has found its way to ground level hence inflation has been quite moderate; the dough's gone into rocketing asset classes instead.
You missed out a grand in canned food.Quote:
Originally Posted by ninianclark
I got bit coined once, bloody hurt my head .
Of those assets mentioned I'd dump government bonds first as they're at the apex of the debt bubble and buy more gold with the proceeds. I look upon it as a financial insurance policy. It's widely accepted that around 180,000 tons have been mined throughout human history which equates to less than one ounce each for every person alive today.Quote:
Originally Posted by ninianclark
Freeze dried stuff is a much better option.Quote:
Originally Posted by lardy
Dow Jones index lost 1,000+ points again today. It's now down 10% from the recent top which makes it a correction. If it loses another 10% it will officially become a bear market.
30 years ago came a prediction for 2018 which featured on the front cover of The Economist magazine. With the world mired in unrepayable debt, are all currencies about to become ashes?
https://i.ytimg.com/vi/sihgPWdy7YM/maxresdefault.jpg