on a current affair tonight..........

Source: A Current Affair tonight
http://aca.ninemsn.com.au/article.aspx?id=648905

I just saw this a matter of minutes ago, great read:

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Harry Dent is one of the world's pre-eminent experts on world financial markets and he was one of the first people to forecast the largely unanticipated boom of the 1990's.

Now he's back warning everyone to batten down the hatches and be ready for a bumpy ride.

"We see this almost like a hurricane, so the first part of the hurricane hits you then you get the eye of the storm, the calm of the storm in the middle which is 2009," Harry said.

RELATED LINKS

* Harry Dent's website

"Between late 2009 and 2010 we think we will go into a deep downturn."

In his first book, The Great Boom Ahead, published in 1992, he stood virtually alone in forecasting the boom of the 1990s. He has since authored two bestselling books, The Roaring 2000s and The Roaring 2000s Investor.

Now, Harry has a new book coming out early next year which is aimed at helping punters make money out of the current crisis.

The book The Great Depression Ahead: How to Prosper in the Crash That Follows the Greatest Boom in History will be available at all good bookstores and online at www.amazon.com

Harry offers us some tips on what you can do to prepare yourself for the next few years of turmoil.

# Don't make any big purchases, but do sell expensive assets such as real estate.

# If you're thinking of buying a car it's probably a better idea to lease it rather than buy it.

# If you're thinking of moving or downsizing your home, do it now.

# Get rid of excess real estate you don't need like your vacation home.

# Oil will more than double in the next few years so if you do buy a car, make it a fuel efficient one.

# Keep your job! Now is not the time to go back to school or look for a new job.

# It's too late to sell shares now, but look for significant rebounds.

# Be liquid and safe with your assets.