crash and recovery

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“[W]e at at a moment in history ” I would definately make time to read this eight page article/speech by William Macdonald. It's something else again…very well done. “[T]he two model global economy of the last thirty years is dying and will soon be dead.” Be prepared for change. The transition could be dangerous: the transition will take years.

I've read this eight pages again. It is very hard to summarize. My reaction to it: Keep cash in reserve, shun risk, preserve capital. If you do see an investment opportunity, think twice. Be very prudent.