Global Equities Markets: We Are All Preppers Now

Friday 28 August 2015 at 15:43
Friday 28 August 2015 at 15:43
Stock Investment Lesson Pain

Global Equities Markets: We Are All Preppers Now by Joseph T. Salerno, Mises Institute

Damian McBride is the former head of communications at the British treasury and former special adviser to Gordon Brown, erstwhile Prime Minister of the U.K. Yesterday he tweeted some surprising advice in response to the plunge in global equities markets.;

Play Quizzes 4

Advice on the looming crash, No. 1: get hard cash in a safe place now; don’t assume banks & cashpoints will be open, or bank cards will work.

Crash advice No. 2: do you have enough bottled water, tinned goods & other essentials at home to live a month indoors? If not, get shopping.

This Long/ Short Equity Firm Sees A Time-Arbitrage Opportunity In This Pest Control Merger

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Yost Partners was up 0.8% for the first quarter, while the Yost Focused Long Funds lost 5% net. The firm's benchmark, the MSCI World Index, declined by 5.2%. The funds' returns outperformed their benchmark due to their tilt toward value, high exposures to energy and financials and a bias toward quality. In his first-quarter letter Read More

Crash advice No. 3: agree a rally point with your loved ones in case transport and communication gets cut off; somewhere you can all head to.

Evidently, McBride interprets the wipe-out of over $3 trillion in total global market cap during the three-day rout as a prelude to a much broader and deeper financial crash that will precipitate civil unrest. According to McBride,

We were close enough in 2008 and what’s coming is on 20 times that scale.

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