Lane J. Mendelsohn
T R A D E
SECRETS
Understand It, Survive It,
Make Money When it Passes
ECONOMIC
The
STORM
THE TRADERS’
COMMUNIT Y
YOU’VE BEEN WAITING FOR
HAS FINALLY ARRIVED
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The
ECONOMIC
STORM:
Understand It, Survive It,
Make Money When It Passes
By Lane J. Mendelsohn
Introduction
The U.S. and global economies clearly have been in trouble
for several years. And history tells us that when the
economy is in trouble, investors and traders should be
concerned.
The first important piece of data that we now understand is
that the economic “downturn” since December 2007 is not
your average recession. In fact, we have now accumulated
economic statistics that rank this recession as one of the
deepest in U.S. history.
Specifically, the reason for this book is to help us
understand this recession, so we can set up and prepare for
the recovery. A predicted recovery date is not helpful.
Identifying factual data that points to a recovery, tracking
that data, and then ascertaining potential investments so
that we might make money is helpful.
Page-1
The ‘perfect storm’
This recession has characteristics unlike any other in U.S.
history. For the first time, we have seen a confluence of
negative events come together to form a “perfect storm,” if
you will. This recession arrived with the collapse of the
housing market in late 2006, gained force with the
associated rise in foreclosures and unemployment in 2007,
and its full fury emerged in September 2008 with the
announced failures of Merrill Lynch and Lehman Brothers.
These announcements came amid the revelation of just
how deep th