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 m...
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