End of the Fiat Money Delusion or Just a 3% Stock Market Correction?

in #market5 years ago


In this report, I cover the market action from London on Thursday, October 11th, 2018. I look briefly over the precious metals, the stock market, the dollar, the bond market, and the oil price.

Today I look closely at yesterday 831-point drop in the Dow and ask the question whether this is just a correction or the beginning of a much bigger thing. I note that even though, in terms of points dropped this is the third biggest ever it is not even in the top-20 as far as percentage drops are concerned.

My conclusion is that we are entering unchartered waters for the markets and the financial system are concerned. My take is that the rising tide of easy money and credit for the last 35 years is coming to an end and that there will be a rebalancing in the system away from financial and paper assets into hard or tangible assets.

Use promo code maneco64 to get 0.5% discount at https://www.goldinvestments.co.uk/

Support the channel:

maneco64 store: https://teespring.com/en-GB/stores/maneco64

https://www.paypal.me/maneco64
https://www.patreon.com/user?u=3730528

BITCOIN: 1AkNoKzbZXJ75BbeGkD2ekUDJQNWDrBgMA
BITCOIN CASH: qzfcsu05c9ephzv8qzl7ysvn4lfclzneescfhre4r5
ETHEREUM: 0xfffd54e22263f13447032e3941729884e03f4d58 LITECOIN: LY6a8csmuQZyCsBZbLDTQMRuyLdsW9g2na
DASH: XgCTCWbz3yMYZKwNH9o8eaEFt45eA


▶️ DTube
▶️ IPFS
Sort:  

Gold has continued to do well today which is nice to see for a change, thanks mike

Yes it was a welcome change to see gold perform so well.

I was in the market in 1987. I tried to sell my unit trusts on the previous Friday to the crash and the dealer just took their phones off the hook and everyone was locked in.
I learn a hard lesson that day

Nowadays they will block people from accessing their online accounts!

Ya, oops "Our website was down do to unusually high levels of traffic. Have a free (insert $5 item here) for your inconvenience."

Make sure you are ready before hand because you won't be able to do anything about it during...

no worries i won't get caught again

As always it's a pleasure sharing your work on twitter.

I think we are clearly seeing a shift out of the garbage antiquated system and into #Blockchain and #Cryptocurrencies.

Keep up the great work.

Shared on twitter promoting good quality content on #Steemit and #DTube.

Stephen

#Promo-Steem #steemtalent #JoinSteemit #Steemit

End of the Fiat Money Delusion or Just a 3% Stock Market Correction? #STEEM #steemtalent #JoinSteemit #Steemit @Steemit @DtubeDaily

#market #economics #money #finance #dtube #maneco1964

https://twitter.com/StephenPKendal/status/1050382927480143877

20181011_145223.jpg

Good morning mario, yes i think it all boils down to tougher times all round ahead, if we are to go to a multipolar world from a unipolar? it will mean a much more competitive one i feel? anyway thanks as usual for the updates, have a interesting and great day :)

Good morning, Andrew. I agree next few years or maybe, even more, will be an era opposite to what we have had in the last few decades. It will be an era of where people come to the realization that money does not grow on trees and you actually have to work for it as credit will dry up. Have a great day as well.

Congratulations @maneco64! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

Award for the number of upvotes
Award for the total payout received

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:

Presentamos el Ranking de SteemitBoard

Support SteemitBoard's project! Vote for its witness and get one more award!

Let's go Bitcoin!

It will be interesting to see how much of this money makes its way into cryptocurrency.

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70351.33
ETH 3563.43
USDT 1.00
SBD 4.72