Monday, December 14, 2015
It's Not Looking Good
Just a couple of weeks ago Baltic Dry shipping fell to it's lowest point in 30 years to 498. It's not far from that low today sitting now at 508 having crashed 10 points this morning and the US market went spastic earlier this morning as well. You could tell from the boards that panic was about to take hold. It was palatable. Most of the rest of the worlds major economies are in open recession, commodities are continuing to fall day after day and even oil refuses to make any sort of real come back taking more losses than gains.
In point of fact today is really no different than any other day :0)
The truth is a morning very much like this one has happened several times over the last couple of years. One of these days it is going to get away from them (whomever them is) and that will be that.
I have not decreased the prep meter in years because we have never been more than a small panic attack away from complete economic collapse since well before 2012. It literally could, and probably will, happen in a flash with barely a few hours of any actual notice. If any unless you continuously watch the boards.
Lately however these mini-panic/flash crashes have been growing in frequency and depth. I would recommend paying close attention and putting any emergency preps in a heightened state of readiness if you feel you may need to bug out because of a flash crash or longer term collapse.
One thing that can be said about illusions. When they go they go fast.
Keep Prepping Everyone!!!!!!