Love it, straight to the point. I am excited about the prospect of being employed during a recession and hopefully being able to buy some undeveloped land at a discount. I've kind of given up on buying a single family home, especially if interest rates are going to drop and send prices higher.
Thank you for the comment. Yes, it looks like an average recession unless the FED loosens fiscal policy / reduces interest / print money and acts fast... which will lead to more inflation 12-18 months from the interest rate reductions.
Great video. I just subscribed. It would be great if you could upload more frequent videos about the economic situation of USA and even the world including europe and japan. I am a forex trader and insights that you gave can help me alot❤❤
Thank you for subscribing and the comment. I will provide updates when I see major changes in various economic conditions. A recession is like a slow train wreck, the engineer realizes there is a car stuck on the tracks 1 mile away, but it takes 2 miles to stop. The FED like the engineer can reduce the damage by acting quickly, but it is too late to stop it from happening. It will take 12+ months for significant interest rate cuts to impact the broader economy which will start another recovery cycle as we exit a recession and repeat the business cycle. Business cycle investment video warning in 2019 of a 2020 recession: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-hI5gh71K0H4.html
Yeah, there are more average recessions than anything else around 10 months in total since WWII with the longest being the Great Recession at 18 months. I like data and look at history to inform my decisions. www.forbes.com/sites/qai/2023/01/19/how-long-do-recessions-last/
Have a 6 month emergency fund. Get rid of debt. Continue to dollar cost average invest. Investment grade bond values increase with decreasing interest rates. Healthcare and Consumer staples outperform during most recessions. I will keep investing in the SP500 and ride out the recession as it is very hard to time the stock market and missing out on just a few days can greatly reduce overall returns. I will keep more cash reserves to invest as the market goes into recovery in high yield FDIC CDs. Here is one of my old business cycle investment video warning in 2019 of a 2020 recession: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-hI5gh71K0H4.html All investments carry risk and can lose value. Past performance does not guarantee future performance.
@@financial_freedom101 I appreciate the response. Sounds like I’m on the right track. Good idea about keeping some powder dry to purchase cheap equities when they go on sale.
