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Avoid a Recession Trap? It’s Not About the Markets
A practical, step-by-step recession-prep playbook from financial advisors: How to reduce fragility, strengthen your finances, and avoid the costly mistakes people make during economic crises.
Every once in a while, recession fears dominate headlines.
And many people obsess over this kind of doomsday-peddling.
However, as CNN’s David Goldman wrote recently, “Economists have been predicting or warning about a recession every single year for the past eight years, and they were only right once — kinda.”
Even the famous yield-curve-inversion recession signal, which correctly signaled 8 out of 8 recessions since 1968, has been signaling a recession for nearly four years now, falsely, so far.
That’s because recessions are impossible to predict reliably.
What we do know is that there will be another recession, and another after that, and more after that one. That’s because, since the end of World War II, the US has experienced 12 recessions. Once every 6.75 years.
Most lasted less than a year, and the longest was 18 months. But if you make the wrong moves as a result of a recession, or…
