Theres must be some companies that will prosper in those conditions aswell (If Sovereign Debt *A-Bomb* Detonates). Just as the '29 crash and following depression saw some companies grow.
The company I would feel comfortable owning would have:
1. Cash reserves
2. Not have Cash with banks at risk of going bust (that's a tough one!)
3. Non-Substitutable/Best-in-class products (or just difficult to substitute)
4. No Sovereign Debt (I remember industrial co's announcing losses when Lehman went bust, when you'd expect them to have Zero exposure to such an event really?!) - as I think Sovereign Debt is the single largest risk out there.
5. Sells and produces with little or no currency risk
My list of such companies is small. Actually empty. :(
You have one that fits the ticket?
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