Tuesday, February 02, 2010

Problems within financial institutions

Conquer the Crash
Robert R. Prechter, Jr.
( http://www.wiley.com/)

Staying alive through the financial crisis

If you are among those who think that money is safe because it is in bank certificates of deposit, corporate bonds, municipal bonds, money-market funds, and so on, Conquer the Crash: You can survive and prosper in a deflationary depression, second edition, has a word of caution: That most of these investments depend upon the solvency of some creditor institution that will probably not survive the developing depression.


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