Your guide to survive the economic fallout

THE good news is that during all this financial turmoil the economy has barely budged.

The bad news is that's the good news.

Get worse it will.

The global economy has already turned down and we're not going to escape the repercussions. Until this year all the major economies were growing in tandem. Now they're all shrinking with the exception of China, which is just slowing down. The economic slowdown is going to be an agonisingly slow process but that at least leaves time to fence off your finances.

SHAREMARKET

Brokers go on about how every down day is a buying opportunity but in this market every up day has provided a selling opportunity.

Bargain hunting, especially of the marked-down…