What Are You Going To Do To Prepare For The Recession-depression?

Monday, February 1st, 2010

I think it’s a depression and it’s happening all around but what are we going to do?

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  1. Take meds?

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  2. I’m doing some things that are helpful in good times or bad. Putting some extra insulation in the house to reduce utility costs. Planning a larger garden for next year. Just some basic homesteading skills that can be a hobby in good times or a lifesaver in really bad ones. I’ve been reading Countryside magazine for some great ideas.

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  3. I moved into a less expensive apartment–saving almost $200/mo, started shorting stocks, eat less expensive foods that I normally wouldn’t.. like ice cream and hot dogs, eye another state for better housing and economy than Florida which is at a 13 year high for unemployment, and stopped buying new clothes.

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  4. There are definitions for recession and depression, and the current situation is neither.
    That said, times are sure not good, particularly in some areas of the country.

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  5. Formerly known as Frank Castle says:

    I have been selling short financials and real estate stocks for a while and I will probably buy the french vineyard my grandfather always wanted but could not afford it.

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