The depression lasted for 10 years, Rentals properties were abandoned, factories closed because there were no orders, food and other essentials became unaffordable and currencies devalued by 20% overnight. Yes when you say we need to pay for our…
Hi all been looking for an Australian based forum like this for a long time. I am a recent scholar of the 1930's depression and moved my assets from shares to cash just before the collapse, for me it was obvious what was going to happen next…
Feb 10, 2009
Depression scholar is now a member of FatCat's Money ConfessionsFeb 10, 2009
Hi Nikky,
Apologies for the delay, I have been away on hols and a little time off due to illness. All better now. Has your' lender dropped their rates any further since we last communicated? Depending on your' total debt amount, you should…