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How do we prepare, or what are things to be in, if an economic depression occurs? The Babyboomers are turning 65, and there is a huge increase in competition for resources from developing countries.
Real estate with mortgages - There'll be people who won't pay the rent
Businesses with inventories - People won't buy anywhere near as much, and cost of goods will go up
Businesses with employees - Difficult to pay them, will have to cut staff
A business that makes money - People cut spending and a lot of equity will disappear
A business that doesn't primarily sell things that are a necessity - May disappear
Real estate with mortgages - There'll be people who won't pay the rent
Businesses with inventories - People won't buy anywhere near as much, and cost of goods will go up
Businesses with employees - Difficult to pay them, will have to cut staff
A business that makes money - People cut spending and a lot of equity will disappear
A business that doesn't primarily sell things that are a necessity - May disappear
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