January 30, 2009

Ross Gittins

You don't need me to tell you, but I will anyway. Yes, we're in for a terrible year. The economy's almost certain to drop into recession. Indeed, we may be there already.

That means rapidly mounting unemployment and various businesses collapsing.

...It's a good time to seek out generous discounts. And recessions are a time when the cashed-up and canny buy shares and real estate while they're cheap, setting themselves up for the next boom.

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