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Home Business

No Escape! Recession Will Destroy Wealth. Period.

Walk The World by Walk The World
July 22, 2022
in Business
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No Escape! Recession Will Destroy Wealth. Period.
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In today’s show, we review the weeks market action, starting in the US – by far the most influential market, followed by Europe, Asia and Australia. There is no place to hide. Wealth is being destroyed. And there is no end in sight. Data is flagging recession, as central banks continue to raise rates and given the astronomical debt burden out there this is a big deal.

Even conservative investment strategies are being hit. “This is a train wreck,” says Alex Dunnin, executive director of research house Rainmaker Group. “When a traditionally conservative strategy is getting the worst returns then all bets are off. It doesn’t matter where you go, almost everyone will be in pain.”

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The S&P 500 notched its worst start since 1970, plunging 20.6% between January and June. The Dow had its largest first-half drop since 1962, and the Nasdaq Composite had its largest percentage decline ever. And US Stocks slipped over the five days, with the S&P 500 erasing part of its rally in the previous week. Down more than 2%, the index just endured its 11th drop in 13 weeks.

All three indexes posted losses for the week. Despite this Wall Street rallied to close higher on Friday in light trading, with investors heading into the long holiday weekend and embarking on the second half of year looking for the next market-moving catalyst. All major groups in the S&P 500 rose, while the tech-heavy Nasdaq 100 underperformed. Treasuries surged after an ugly first half as weak economic data added to recession fears.

The US economic data was frankly horrid this week. An influx of data showing softer consumer spending, sagging sentiment and subdued manufacturing suggest a US economy with a more fragile foundation, prompting several forecasters to lower their estimates for growth.

Strategists at Goldman Sachs told clients on Thursday that stocks could keep falling later this year since “equities are pricing only a mild recession” and more companies will likely begin reducing their earnings expectations. In the event of a recession, Goldman’s team sees the S&P 500 dropping to 3,600, or 4.9% below Thursday’s close.

[CONTENT]

0:00 Start
0:15 Introduction
2:23 US Weak Economic Data
8:22 GDP Forecast: Down
9:00 Bond Yields
11:00 Buying The Dip
13:50 US Markets
16:00 Oil, Gold and Silver
17:00 Euro-zone Inflation Up
19:18 European Markets
20:00 Asian Markets And China Bonds
22:25 Australian Markets
24:40 Crypto Down
25:47 Tough Times Ahead

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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!!

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Do Most business make enough to live off of?

Tags: breaking newsbusiness and financial newsbusiness and financial news todaybusiness news todaybusiness news usa todayDestroyDFADigital Finance AnalyticsEscapeforex news todayglobal financial crisisglobal financial newslatest news todaynews todayperiodrecessionstock market news todayWealthworld news
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Comments 40

  1. Walk The World says:
    3 years ago

    Podcast edition: https://episodes.castos.com/dfa/f5757710-96ab-4bcd-9c1f-245c11556718-SHGN7-S001-S001-T014-ISO1-1-1.mp3

  2. Marjorie Dawes says:
    3 years ago

    I disagree, wealth never disappears, only shifts hands

  3. torpedodropkick59 says:
    3 years ago

    USA home debt lower than Australia, so in comparison If US homes tank, Australian is in trouble

  4. The Carpenter says:
    3 years ago

    What happens when these countries start trading outside of the Euro Dollar ( US dollar outside of the USA ) as they have China, Russia etc. Where will all these excess dollars end up, in USA and hence uncontrolled inflation.

  5. James says:
    3 years ago

    Wealth is not being destroyed, it's just being transferred

  6. Bondi Steve says:
    3 years ago

    Thanks Mr. Martin…Its all over now…Baby Blue.

  7. Peter Burke says:
    3 years ago

    Every single thing is over .have a look at the census.in less than twenty years half the world population would have died.it’s over all of it.

  8. David Lockett says:
    3 years ago

    We have been through recessions before and survived.

  9. Oh Dear Earthlings says:
    3 years ago

    There go the interest rate rises.

  10. DMC says:
    3 years ago

    Don’t say the R word
    Don’t say the R word
    Don’t say the D word
    Boom

  11. Fiona says:
    3 years ago

    Good post, thanks.

    Stay safe with this wild, wet weather around Martin.

  12. Toyo Masauce says:
    3 years ago

    Never trust a Scomo.

  13. Acubens Star says:
    3 years ago

    The fake paper wealth obtained through greed in the last couple of years will go away soon.

  14. Acubens Star says:
    3 years ago

    An economy based mainly on the obsession of housing wealth may not end well.

  15. Dufus says:
    3 years ago

    I see my savings gobbled by inflation..super collapsing..

  16. Stephen Novotny says:
    3 years ago

    Few of your audience members recognise that in 5 years they wont even remember what covid was or that there was a dip in asset prices. Pessimists never prosper in the long term. You know that.

  17. MJB says:
    3 years ago

    It should have been obvious to educated people when Sydney and Melbourne's average house price surpassed $1,000,000 value that something was really amiss. What, all of a sudden half of Australia are millionaires? As if the world is suddenly so prosperous, so fruitful in supply and productivity, so replete with goods, that people's net worth had truly blossomed so significantly? It was all a dream, a fantasy, a lie, founded upon ultra cheap credit. In a similar vein to, "if everyone is unique then no one is;" — If everyone is a millionaire then no one is.

  18. Marta Staszak says:
    3 years ago

    Thank you for the update Mr North.

  19. Milk Shake says:
    3 years ago

    Really …. its just a postponememt of wealth destruction since 2008 …. in fact it just snowballed like the Powerball … and y know what? We all won.

  20. zwarst says:
    3 years ago

    Wealth preservation is precious, rhymes with bold.

  21. William Crossan says:
    3 years ago

    So, that 37% increase in Brisbane house prices in 20 months, may need to come off a bit?
    Or the 46% increase in SYD since the beginning of the pandemic, may ease back a little?

  22. William Crossan says:
    3 years ago

    Australian stocks are actually reasonable value.
    Earnings are likely 12 times valuation. A heck of a lot better than US stocks.

  23. xXRambodianXx says:
    3 years ago

    JP Morgan predict $380 per barrel oil. That’s a human depopulation event.

  24. Simon C says:
    3 years ago

    I think someone's finally punched the spike.

  25. Sonja Kozman says:
    3 years ago

    How does gold tend to work in times similar?

  26. red sed says:
    3 years ago

    its fun to watch investors sizzle for a change!

  27. Laszlo N. says:
    3 years ago

    Everyone on the Titanic got wet when she went down, irrespective of which deck you were on. When the everything bubble pops it will effect everyone, a select few well positioned & connected people (politicians/bankers) will make generational wealth while everyone arrive them feels the pain. Best of luck to everyone

  28. Rohit Jayasheel says:
    3 years ago

    FED, ECB buying stock market and houses in America and Europe respectively.

    All manipulation big time and LIES, LIES, LIES from. Central banks FED, ECB, etc never Stops

  29. Paul's Outback Garden Australia says:
    3 years ago

    Love this..🥰🥰

  30. David Sutton says:
    3 years ago

    Everyone will be in pain except one whose entire portfolio is short the markets, like me.

  31. post script says:
    3 years ago

    Thank you for a thorough and damning overview. I agree completely with the negative prognosis.

    Although I can hear this podcast, it is a bit of a strain. Do others find the audio volume too low, or is it my phone?

  32. Vamsum Kristin says:
    3 years ago

    Epidemic => Housing Prices up by 15%
    Inflation => Housing Prices up by 5% more!
    Crisis in NZ and US markets => Up by another 5%. Never a better time to buy!
    Interest rates increase by 1% by RBA => Media: We are doomed!!! No one turns up at Auctions!!
    So all the shell games that the CBs are plying is actually wealth creation? Now that it has backfired and they are out of moves we have to take the bitter pill and adjust to all the high inflation and massive increases in mortgage payments.

  33. JasonG says:
    3 years ago

    Thanks Martin
    Keep up the awesome work

  34. thesingularman says:
    3 years ago

    Investors .. a euphemism for .. gamblers

  35. bcatist says:
    3 years ago

    profiting from fear mungering by posting click bait – 2 qrts of negative growth after a few years of growth is okay – 'no end in sight' = permabear analyst

  36. Chris Raymond says:
    3 years ago

    Hi Martin, interesting thought about those with buffers……. If they were smart enough to grow buffers during covid and now hear warnings of recession, they are not going to be rushing out to spend into the economy until it’s really ugly. My personal example is that I am selling my car now, going to borrow my mums as it gets little use and buy my next car upgrade when prices fall later this year or early next year….. I won’t be supporting a falling economy.

  37. Xi Zhou says:
    3 years ago

    BIDEN 2024 FOR A WORLD RULED BY CHINA

  38. Truth Seaker says:
    3 years ago

    You will own nothing and be happy:- Klaus Schwab. Hes lying about the last part, since he and his friends will own everything they will be happy and you better suck it up or you will be picked up in the middle of the night and never seen again.

  39. FIRST RESPONSE Property Maintenance says:
    3 years ago

    Resassion is already here…

  40. Taylor Coggan says:
    3 years ago

    I think we will enter De-flation cycle soon. Everyone is talking about inflation, Demand destruction, commodities are rolling over, increasing interest rates, real estate dropping. Interesting times.

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