Analyst predicts plunge for world economy. Real Estate is crashing and the economy is in bad shape.?

Question

What can we do to protect ourselves?

Source: http://www.businessday.co.za/articles/economy.aspx?ID=BD4A302721

Answer 1

It is true that economy can crash,,, with Oil Prices, Housing Slowdown, Bird Flu, Terrorism, a crash looks very possible.. Here is what you can do..

1) Reduce your debts.
2) Save.. you can always shop later when all the shops go bankrupt and close down
3) Diversify your investment.. I suggest buying Gold and Silver funds... Government Bonds ... and other safe investment
4) Get a stable job..
5) Look out for oppurtunities.. once the crash is over, we wanna ride the boom.. dont we..

Answer 2

Real Estate always is a hot topic when we talk about economic crisis or economic failure. The problem here is that the investors always have the trend to invest more into houses and land when such economies are booming, both outside and domestic investors. But it is very dangerous that real estate is very real value, and sensitive thing, easy hing and easy low. Take a good example of Asian Crisis 1997.

How can we protect? The best way to do is to diversify your investments. Try to make a good porfolio of what, where, how, and when you want to invest, in that case you can void the failure of economies. In the case of world economy failure , try to keep something enough and permanent for living, and that's it.

Cheers.

Answer 3

TEOTWAWKI {The End Of The World As We Know It} is coming. There are some good Yahoo groups on this subject search Yahoo groups for TEOTWAWKI. If you go the list that the URL in my source takes you to you find a lot of good people that will help you out.

Answer 4

American economy about to go over the edge, but the world doesn't look like following it this time. Asia performing too well for US crash to matter anywhere but in US.

Answer 5

...with no darkness there is no light...with no market crashes there are no booms!...after every major catastrophic event on earth, there has been something better more prosperous taking its place...with that said......avoid debt (c/cards if u can)...plan ahead with self sufficient mechanisms in your life...if u dont need ccards don't use em...if u can grow your own stuff grow it...if u can have a rainwater tank on the house...use it...same with solar panels on the roof..if u can buy em for cheap electricity...buy em(in oz they are being subsidized on new houses by the govt)...etc etc...

Answer 6

Who ?
What country are you talking about ?

Yeah, China will rule the world sooner or later.

USA + western european economic stagnates, while Chinese work hard and for much less.