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To: blam

12 Ways To Prepare For The Next Great Depression

18 posted on 06/22/2009 7:59:20 PM PDT by blam
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To: blam
"12 Ways To Prepare For The Next Great Depression "

Lousy advice in that article! OK, selling your real-estate would have been good advice in 2005, but today it's already too late.

We've still got time to sell some stocks, though. Get liquid!

This is a liquidity crisis, inasmuchas having global over-production means a reduced ability+desire to lend and a heightened awareness of the value of having cash-on-hand instead of wealth tied up in physical assets.

24 posted on 06/22/2009 9:25:13 PM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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