Unchained Preppers

General Category => General Discussion => Topic started by: Nemo on October 03, 2023, 03:54:43 PM

Title: Stocks Plunge, Interest Rates Soar
Post by: Nemo on October 03, 2023, 03:54:43 PM
Thats how Drudge has this section titled.

Nemo

https://www.cnbc.com/2023/10/02/stock-market-today-live-updates.html (https://www.cnbc.com/2023/10/02/stock-market-today-live-updates.html)


Quote
Updated Tue, Oct 3 20233:48 PM EDT
Dow drops 500 points Tuesday and turns lower for 2023 on interest rate spike: Live updates

https://www.marketwatch.com/story/how-treasury-market-upheaval-is-rippling-through-global-markets-in-4-charts-d71a9f72 (https://www.marketwatch.com/story/how-treasury-market-upheaval-is-rippling-through-global-markets-in-4-charts-d71a9f72)

Quote
How Treasury market upheaval is rippling through global markets in 4 charts
Last Updated: Oct. 3, 2023 at 8:04 a.m. ET
First Published: Oct. 3, 2023 at 7:00 a.m. ET


https://www.cnbc.com/2023/10/03/us-treasury-yields-investors-weigh-economic-outlook.html (https://www.cnbc.com/2023/10/03/us-treasury-yields-investors-weigh-economic-outlook.html)

Quote
10-year Treasury yield surges to 4.80%, a 16-year high
Published Tue, Oct 3 20234:24 AM EDTUpdated 4 Min Ago
Title: Re: Stocks Plunge, Interest Rates Soar
Post by: Felix on October 03, 2023, 09:19:55 PM
Financially, looks like we are in the opening scenes of a Hollywood disaster movie.
Question is, who can swim, who can survive exposure to prolonged cold.
Could say, "It begins".
But unlike Nostradamus, most of us find pegging the exact time is difficult like Berra said, "making predictions is hard, especially when they're about the future".
Canned another batch today.
While my IRA took a thorough bath.
Might be too poor to pay much attention but I _now_ have some very nutritious salvage from a garden that was hit by early frost... Ball Canning book recipe for Green Tomato-Hot Pepper pickles!
Title: Re: Stocks Plunge, Interest Rates Soar
Post by: JohnyMac on October 04, 2023, 08:57:00 AM
This is me yawning over the financial collapse...

(https://www.goodfreephotos.com/cache/animals/mammals/lion-yawning.jpg)

...it is coming and MrsMac and my friends are ready.
Title: Re: Stocks Plunge, Interest Rates Soar
Post by: Felix on October 04, 2023, 09:58:24 PM
"Ready" is a relative thing.
We don't know what we don't know.  And while rogue waves are "rare", they do happen.
But with a squall in the horizon, the mercury falling fast, everything furled and secure, some sustaining food already prepared and the watch set... a measure of cautious confidence is warranted.
Sleep well tonight, mates.
We deal with tomorrow (or our watch) when it comes.
(Tomorrow I fly to God-Awful So-Cal for a dog test I wish I had never agreed to judge those many months ago.    Please pray the world holds together long enough for me to make the flight home on Monday morning...)
Title: Re: Stocks Plunge, Interest Rates Soar
Post by: JohnyMac on October 05, 2023, 09:23:50 AM
Safe travels Felix. MrsMac and I will pray for a trip that involves no drama.  :cheers: