Letter Re: Safe Businesses in an Economic Depression?
Mr. Rawles: I’m convinced that given the bursting of the Debt Bubble, the American economy is about to take The Big Swim, a lot like it did back in the 1930s. If this does happen, what sort of businesses will be safe? Do you know what sorts of businesses bucked the down-trend in the 1930s? Thanks, – Chester JWR Replies: According to statistics published some 20 years ago by Dr.Ravi Batra, the safest businesses and industries during the worst years of the Great Depression (1929-1933) were: Repair shops Educational services (A lot of young men that couldn’t find work borrowed …