How long the recession is expected to last....

how long the recession is expected to last.
> Suggestions:
> 1. Don't take any loans, buy homes, properties with loans, or even cash.
> Keep as much cash as possible.
> 2. Pay off as much of personal loans, private loans, as debt collection
> will be hastened.
> 3. Sell any stocks you can even at lower prices.
> 4. Take money off from Trust Funds.
> 5. Don't believe in huge sales forecast from customers, be extremely prudent, lowest inventories,reduce liabilities.
> 6. Don't invest in new capital.
> 7. If you are selling homes/ properties/ cars , do it now, when you can get good prices, they
> are going to fall.
> 8. Don't invest in new business proposals.
> 9. Cancel holiday plans using credit cards.
> 10. Don't change jobs, as companies will retrench based on 'last in first out'.

> Stay cool, wait, and if you took all of the above actions and more, you probably will be better off then many.
>
> This is not a rumor. Bear Stearns is the first of many banking and financial institutions
> that will start falling in the not too future. If Bear Stearns can fall, so can JP Morgan,
> Citibank, HSBC, and the whole world. US economy falls, the rest will crumble. India and all those self economies will be the most protected, but not gullible. Europe may be a little stronger, but not China, another giant! Malaysia will see significant impact.