{"id":12798,"date":"2015-09-30T06:01:00","date_gmt":"2015-09-30T11:01:00","guid":{"rendered":"http:\/\/olduvai.ca\/?p=12798"},"modified":"2015-09-30T06:01:00","modified_gmt":"2015-09-30T11:01:00","slug":"the-baby-boomer-survival-guide-part-ii","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=12798","title":{"rendered":"The Baby Boomer Survival Guide (Part II)"},"content":{"rendered":"

The Baby Boomer Survival Guide (Part II)<\/a><\/h3>\n

A Lehman Moment for Commodities?<\/strong><\/p>\n

LONDON \u2013 Today, we continue our philosophical look at what you should do if you are running out of time and money. (You can catch up on\u00a0Part I\u00a0here<\/a>.)<\/p>\n

Where do we begin? With how to add wealth? Or how to lose it? The way to lose it is simple. You buy something that is not worth the money you paid for it. You are instantly poorer, whether you know it or not.<\/p>\n

\"fat_spies_by_jdeer69-d60927g\"The pleasingly plump.
\nIllustration by\u00a0jdeer69<\/a><\/span><\/small><\/p>\n

\"DJIA\"<\/a>DJIA, daily \u2013 still unsettled \u2013 click to enlarge.<\/p>\n

That is what is happening today to stock market investors. The stocks they bought were not worth the money; now Mr. Market is letting them know. On Monday, the Dow dropped almost 2% to 16,002 points. Next stop: 15,000.<\/p>\n

\u201cIt\u2019s a bear market,\u201d says Jim Cramer. It will be a \u201cbloodbath,\u201d says billionaire investor Carl Icahn. We don\u2019t know. But our guess is that\u00a010 years from now\u00a0your stocks will be worth no more than they are today.<\/p>\n

The biggest losers on Monday were in the commodities and biotech sectors. Well, Glencore \u2013 one of the world\u2019s largest resource companies \u2013 is one of the companies not buying them.<\/p>\n

Glencore shares have lost 75% of their value so far this year. If commodities prices stay at these low levels, it could be worth nothing by the end of the year. Glencore could be headed the way of Lehman Brothers\u2026<\/p>\n

\"Glencore\"<\/a>Glencore, daily. On Tuesday the stock recovered a bit, after Glencore tried to refute speculation about its imminent demise with a press release \u201cresponding to speculation<\/a>\u201d\u2026 click to enlarge.<\/p>\n

Biotechs dragged the Nasdaq down yesterday. But the sector is still up more than 425% since 2009. Plenty of room left on the downside, in other words. Icahn, by the way, seems to have signed on as an advisor to Donald Trump. This is a good thing. The presidential hopeful needs advice.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

The Baby Boomer Survival Guide (Part II) A Lehman Moment for Commodities? LONDON \u2013 Today, we continue our philosophical look at what you should do if you are running out of time and money. (You can catch up on\u00a0Part I\u00a0here.) Where do we begin? With how to add wealth? Or how to lose it? The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[5728,1801,6190,151,1851,239,536,868],"class_list":["post-12798","post","type-post","status-publish","format-standard","hentry","category-economics","tag-acting-man","tag-baby-boomers","tag-bill-bonner","tag-commodities","tag-commodity-price-collapse","tag-economic-crisis","tag-money","tag-wealth"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12798"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12798\/revisions"}],"predecessor-version":[{"id":12799,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12798\/revisions\/12799"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}