in

Here Comes The Wealth Destruction…

As foreshadowed, we are now seeing the sharp reversal in asset prices, which were driven through the roof due to ultra-low interest rates, central bank quantitative easing, and government support through COVID plus huge debt growth.

Of course, the recent gains were largely spurious, and a correction was always going to come – hopefully some watching our shows are best prepared for this process (which will take some time), but be clear wealth will be destroyed across property, shares, bonds, metals and crypto.

No surprise then that U.S. stocks ended sharply lower on Friday, tumbling to two-month lows as a warning of impending global slowdown from FedEx hastened investors’ flight to safety at the conclusion of a tumultuous week.

The session also marked the monthly options expiry, which occurs on the third Friday of every month. Options-hedging activity has amplified market moves this year, contributing to heightened volatility.

All three major U.S. stock indexes slid to levels not touched since mid-July, with the S&P 500 closing below 3,900, a closely watched support level and suffering its worst weekly percentage plunge since June.

“It’s been a tough week. It feels Halloween came early” said David Carter, managing director at JPMorgan in New York. “We are facing in this toxic brew of high inflation, high interest rates and low growth, which isn’t good for stock or bond markets.”

Go to the Walk The World Universe at https://walktheworld.com.au/

Find more at https://digitalfinanceanalytics.com/blog/ where you can subscribe to our research alerts

Please consider supporting our work via Patreon: https://www.patreon.com/DigitalFinanceAnalytics

Or make a one-off contribution to help cover our costs via PayPal at: https://www.paypal.me/MartinDFA

We also can receive bitcoins at: 13zBL1oRib9VJu8Uc9zUGNhxKDBBgUpDN1

Please share this post to help to spread the word about the state of things….

Caveat Emptor! Note: this is NOT financial or property advice!!

Written by Walk The World

Comments

Leave a Reply
  1. Famous banking quotes.

    " If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."

    “I believe that banking institutions are more dangerous to our liberties than standing armies.” –Thomas Jefferson

    “… The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating.” -Thomas Jefferson

    The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.” -Abraham Lincoln

  2. Buckle up for the ride it is going to be a wild one,"Panic on Wall St as Fedx signals a global recession is imminent",Steven Von Metre,same as what Martin is showing.

  3. Assets only devalue if they were overpriced anyway. I brought under $100,000 and through renovations it may be valued at $160,000 over 4 years not like the bigger Cities where pure speculation and greed has ruled the roost. Another great report Martin.

  4. Stay or Go? This feels a lot like the GFC … on steroids. The ASX200 in 2007 was, surprisingly, about 6600 up to a blip at 6800.(Sound familiar) I got out. It fell amid many experts saying 'it's the bottom' (it wasn't) and others claiming 'dollar cost average' as it passed through 5500. It eventually bottomed at 3100. I bought back in as it rose through 3300 and 3x to 4x my money as it got to around 6400 … where it sat for a decade with experts telling us how well the Oz economy was going. THIS IS FAR WORSE. Make a plan, safeguard your capital, and don't be too eager to rush back in. My gut says 3-4 yrs minimum. Good luck. 🤓🇦🇺

  5. I still don’t understand why you aren’t shared more widely and have far more followers. The channel is growing, but I challenge everyone to post these segments on all their social media accounts regularly to grow the channels following.

  6. RE: Gold Pummelled Ruthlessly.

    As we know massively rigged. Stop orders taken out by ‘order’ and you could just smell 1685 was to break

    Ignore good news for Gold. Think inversely. Market players take out the stops. What should go up goes down. It isn’t driven as it should be. Is it though played to hell and back. It’s as bent as a 9 Bob note. A lovely UK phrase.

  7. This is no normal correction, we are at the crossroads of a global tribulation and more wars are around the corner
    Many think that this is just another correction just like the GFC. It's not this is the beginning of the NWO great reset. Cash is dying just like all fiat currency's, it's a race to the bottom. Get your cash out now, and go to safety , hard assets, gold, silver. It's your real last buying opportunity. It's all about to get ugly, they cant, suppress real money forever.

  8. You’re predicting wealth destruction. Hasn’t wealth destruction already been done? My portfolio is probably down close to 25%. Im just frustrated with all the predictions I see that always predict the recent trend continuing into the future. I’d say there’s a lot that can happen. In the long run we have a wave of innovation coming on. Future looks good to me if you look out a ways.

  9. In AUD terms gold is holding ground, unlike the ASX. You're right though, it's gonna be a long slow grind. Hold cash for sure, but don't forget about the ever present bail in risk.

  10. < first got into BTC back in 2016 and have been hodling/buying assets at different price points since. I've been through corrections before and will likely experience more over the future. Volatility is simply the price one needs to pay if they want to play. I don't have any Alts as I'm a bit of a BTC Maxi, but that said, if BTC hasn't died before, it surely won't do so now. Stick in there – yes we are all feeling the pain, but over the long run this will just be a blip. This is how I see past corrections when I felt that I got in at a high (back then I think it was less than $1000 and bouncing all over the place!). Now when I look back, all I see is regret for not having the courage in buying more at those times. But if you believe BTC has value, then by all means, buy the dips if you can afford to. For those who got in at 60 or 70K and feeling the crunch: hang in there. BTC is not a get rich quick scheme. Wait it out and you will see: you will come away stronger. I buy and just trade long term more than ever, I have made over 11` btc with 3.1btc in just 5weeks from day trading with Expert MR. Leon Calvin Crypto in few weeks this is one of the best medium to backup your assets incase it goes bearish. Technical analysis is my second You can reach Mr. Leon Calvin on ͲeIєɠɾαm @ leoncalvintrade. for any crypto related issues.

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0