Saturday, March 2, 2013

Slow-Slide Economy

Hoyt has a good post on slow-slide economies (what I think'll probably happen) and what you can do to stay resilient: http://accordingtohoyt.com/2013/03/02/going-down-easy/

A condensed version:   Have:  2nd (and 3rd) income streams, Skills that are of value to others (Anything from Carpentry to Cooking), a little bit on hand to have until the supply disruption/union strike/whatever clears up and shelves are stocked again (In a slow-slide... maybe a month's worth at least?).

Here's another good link for some recent history on economies who's currency's value has evaporated:  http://www.munknee.com/2011/03/21-countries-have-experienced-hyperinflation-in-last-25-years-is-the-u-s-next/

Note, the above article was published in 2011.  An updated article would surely list:
Greece, Spain, Portugal, Italy and more.


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