| 173 - Do You Know Why You Are In a Recession? |
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| Written by Patrick Morley |
| Thursday, April 15 2010 12:00 |
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The following article is adapted from Pat Morley’s book, How to Survive the Economic Meltdown. John was highly leveraged when the stock market crashed. By Friday morning of Wall Street’s worst week, John’s equity was paper thin. He said, “If the market goes down another 100 points today, they will call my margin account and I’ll lose everything. On Monday morning, I’ll have to start over.” As we talked on, John explained, “You know. I think I needed this. I’m only in my early 40s, but I’ve made so much money that I stopped working about a year ago. The full article is available FREE to registered users. Please SIGN UP or LOGIN to view. |





