How to prepare for a recession
Автор: Addis Hill Financial: On the Path To Retirement
Загружено: 2023-02-14
Просмотров: 81
There's a lot of talk these days about whether we're heading into a recession or not. You can't open a newspaper or a publication or go online or watch television without seeing something about a U.S. recession. Now, I have no idea whether we're heading for a recession or in a recession or not. And I'm not about to start to try to predict, because most certainly I will predict wrong. But the sign of a of a of a recession is when there's significant economic decline that lasts more than about six months. Since 1948, there have been 11 recessions and each one of those recessions lasts about 11 months. So the the natural part of our economy involves recession. It's a it's typically a reset. It's a it's an occurrence that is, frankly, healthy for an economy to go through occasional recessions slow things down a little bit in a variety of ways and kind of, like I said, reset for the future during recessions.
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