Should we be preparing for a recession?

Short answer: Maybe. In my opinion, probably.

I’ve lived through several recessions. My advice: Pay down debt now; you want to cut your monthly expenses. Stockpile household items (I always load up on toothpaste, soap, shampoo, laundry detergent, and whatever OTC medicines I need for my allergies. Basically, anything you will regret having to pay for when times are tight.) If you actually need to live off your investments (if you have any), lower your risk and put them in an index fund.

If I’m wrong, you don’t lose a thing.

Here’s some information on the topic of whether we’re headed that way:

Former CEO of large multinational: Trump’s trade war will raise prices for consumers and could trigger a recession

I’m a Depression historian. The GOP tax bill is straight out of 1929.

Wall Street’s favorite recession gauge is flashing yellow again — and not everyone thinks it’s a false alarm

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.