Wealth Outside the Crack-Up Boom
Stocks never collapse in lockstep. Some industries are naturally more resilient to pullbacks… and opportunities for quick rebounds will reveal themselves once the dust settles. It’s impossible to know ahead of time which stocks will fall as investors go scrambling for the exits. Even mining stocks may not hold up during the panic selling we’re likely to see. When things go bad, money usually flows into U.S. government bonds and other dollar-denominated debt. The problem then is that it doesn’t matter how many dollars are in your bank account if they’re constantly losing purchasing power.