{"id":62580,"date":"2022-05-06T07:28:44","date_gmt":"2022-05-06T12:28:44","guid":{"rendered":"https:\/\/olduvai.ca\/?p=62580"},"modified":"2022-05-06T07:28:44","modified_gmt":"2022-05-06T12:28:44","slug":"the-great-crash-of-2022-what-happens-next-go-read-the-book","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=62580","title":{"rendered":"The Great Crash of 2022 \u2013 What happens next? Go read the Book!"},"content":{"rendered":"<div class=\"hero-section\" data-type=\"type-2\">\n<header class=\"entry-header ct-container-narrow\">\n<h3 class=\"page-title\" title=\"The Great Crash of 2022 \u2013 What happens next? Go read the Book!\"><a href=\"https:\/\/morningporridge.com\/blog\/blains-morning-porridge\/the-great-crash-of-2022-what-happens-next-go-read-the-book\/\">The Great Crash of 2022 \u2013 What happens next? Go read the Book!<\/a><\/h3>\n<div class=\"page-description ct-hidden-sm\"><strong>Yesterday\u2019s market meltdown was heralded as a \u201ccapitulation trade\u201d, but who knows? What we do know is there an awful lot to worry about, and the conditions for the BIG ONE have been building for decades. Time to re-read The Great Crash, 1929.<\/strong><\/div>\n<\/header>\n<\/div>\n<div class=\"ct-container\" data-sidebar=\"right\" data-vertical-spacing=\"top:bottom\">\n<article id=\"post-9816\" class=\"post-9816 post type-post status-publish format-standard has-post-thumbnail hentry category-blains-morning-porridge category-financial-assets category-financial-crisis category-market-crash tag-market-crashes tag-the-great-crash-1929\">\n<div class=\"entry-content\">\n<p><em>\u201cThat which does not kill us, makes us stronger\u2026.\u201d<\/em><\/p>\n<p>This Morning \u2013\u00a0<em>Yesterday\u2019s market meltdown was heralded as a \u201ccapitulation trade\u201d, but who knows? What we do know is there an awful lot to worry about, and the conditions for the BIG ONE have been building for decades. Time to re-read\u00a0<strong>The Great Crash, 1929<\/strong>.<\/em><\/p>\n<p>There is nothing like a 6.30 am swim against the tide on cold, grey morning in muddy near-freezing water to remind you of why we spend so much money on mattresses and warm snuggly duvets. Of course, a swim should have been a wonderful moment to contemplate what the papers are calling the\u00a0<strong>\u201cCapitulation Trade\u201d<\/strong>\u00a0\u2013 as stocks posted their worst day in a couple of years and bonds tumbled\u2026. But\u2026 Keeping up my momentum against the building down-tide was my primary concern.<\/p>\n<p>Does that mean I missed the opportunity to liquidate my entire account before the end of everything \u2013 which might be later this afternoon? Oh dear\u2026<\/p>\n<p>On Wednesday, the market welcomed Jay Powell\u2019s 50 bp hike with a relief rally. Yesterday it puked and reversed all its recent gains. What changed? Who knows, but was yesterday really the beginning of the big and negative\u00a0<strong>something<\/strong>\u00a0we\u2019ve all been waiting for?<\/p>\n<p>Maybe, maybe not. Who knows? Who can tell? If I knew I wouldn\u2019t be swimming in dirty cold rivers to stay fit, nor would I be writing about it each morning!<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Great Crash of 2022 \u2013 What happens next? Go read the Book! Yesterday\u2019s market meltdown was heralded as a \u201ccapitulation trade\u201d, but who knows? What we do know is there an awful lot to worry about, and the conditions for the BIG ONE have been building for decades. Time to re-read The Great Crash, [&hellip;]<\/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":[4419,15674,501,22663,1138,2731],"class_list":["post-62580","post","type-post","status-publish","format-standard","hentry","category-economics","tag-4419","tag-bill-blain","tag-market-crash","tag-morning-porridge","tag-stock-market","tag-stock-market-crash"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62580","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=62580"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62580\/revisions"}],"predecessor-version":[{"id":62581,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62580\/revisions\/62581"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}