I did just hammer out a long blurb on investment tips in the depression but deleted the lot. I shall let you know how well they worked when the depression is declared to be finished, in 2028AD.

Although Mark Faber was all for inflation, wasn't he! I'll wait for your 2028 to see who's right then....

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@Wally 11.49am:
The proposal was a the vast amount of deleveraging was JUST STARTING to come into play on the consumer ( esp. the US) ,and that the current inflation of the money supply is simply to replace the spending that HAS already occurred. The consumer will not consume in the next few years as they delevearge their assets ( ie: sell their share, property, jewelery, anything they can..!!) to pay down their EXISTING debt. US unemloyment the driver at 15% odd. Aussie at 10%. New consumers not China ( one child family coming through) but India 10 years away.
Basically sell whatever rallies there are ( eg: shares before the US autumn- a familiar sell down time) and property before the US winter. Nothing that isn't being said elsewhere, but a well presented arguement.