Global Recession - tips to safeguard urself

[anand.eca]

Recession is coming... make your own judgment, don't panic! Do what is wise.
The recession looks very eminent. It is really time to take pro active steps to avoid a painful time in the next two years which is how long the is expected to last.
Suggestions:
1. Don't take any loans; buy homes, properties with loans, or even cash. Keep as much cash as possible.
2. Pay off as much of personal loans, private loans, as debt collection will be hastened.
3. Sell any stocks you can even at lower prices.
4. Take money off from Trust Funds.
5. Don't believe in huge sales forecast from customers, be extremely prudent, lowest inventories, reduce liabilities.
6. Don't invest in new capital.
7. If you are selling homes/ properties/ cars, do it now, when you can get good prices, they are going to fall.
8. Cancel holiday plans using credit cards.
9. Don't change jobs, as companies will retrench based on 'last in first out'.

Stay cool, wait, and if you took all of the above actions and more, you probably will be better off then many. This is not a rumor.
Bear Stearns is the first of many banking and financial institutions that will start falling in the not too future. If Bear Stearns can fall, so can JP Morgan, Citibank, HSBC, and the whole world. US economy falls, the rest will crumble.
India and all those self economies will be the most protected, but not gullible.
Europe may be a little stronger, but not China, another giant place!
Malaysia will see significant impact.
Be alert and pass this to your friends!!!

[ajayreddy]

good one ...really informative..hope the US is reading this!!!

[pahuja.chirag]

hey this is not the time to sell stock. in fact this is the time to keep and buy stock.................

[prasadgoa]

This attachement describes the Recession

[jattindy]

hey thnx alot..it ws of gr8 help..thnx a lot

[allmuha]

thanks really found effective, do you think can it be recovered by this year itself

[kisho]

Global recession has only one way that are - "In the crisis of society we have to see – frustration, madness, robberies, communalism etc. So, there is only one option to stop recession – either change the society or go to hell."

Recession is for longer time in Economical Development

[YogeshTheDevil]

Thanks a million mate...nice ideas, and yes, nice document, thanks again.

[shareen21]

thanks a lot..... good one.... was very helpful

[adam0211]

Helooo!!!!


Really nice one becoz any person could get peaceful life

if they follow these simple instuction

my own view

My advice To all of u follow these instuction

dont take these advice as burden or a rule

follow these naturally time will change definitely

its low of nature monsoon->summer
monsoon<-summer


Bye take care
adam carter