Remember that you can survive and prosper in a deflationary depression from "summary" of CONQUER The CRASH-You Can Survive and Prosper in a Deflationary Depression by Robert R Prechter
The idea that you can survive and prosper in a deflationary depression may seem counterintuitive to many people. The prevailing belief is that economic downturns are to be feared and avoided at all costs. However, the truth is that deflationary depressions are a natural part of the economic cycle. They are not something to be feared, but something to be understood and navigated. During a deflationary depression, the value of assets and goods tends to decrease. This can lead to a decrease in the overall level of economic activity. While this may sound alarming, it is important to remember that there are strategies you can employ to protect yourself and even thrive in such an environment. One key strategy is to maintain a conservative financial stance. This means avoiding excessive debt and living within your means. By doing so, you can insulate yourself from the worst effects of a deflationary depression and ensure that you have the financial resources to weather the storm. Another important strategy is to diversify your investments. By spreading your assets across a range of different asset classes, you can reduce your exposure to any single economic sector. This can help protect your wealth during times of economic instability. It is also important to stay informed about economic trends and developments. By keeping abreast of the latest news and analysis, you can make informed decisions about your financial future. This can help you take advantage of opportunities that arise during a deflationary depression.- While a deflationary depression may seem daunting, it is possible to not only survive but thrive in such an environment. By following sound financial principles, diversifying your investments, and staying informed, you can position yourself to weather the storm and emerge stronger on the other side.
