What things will you be doing if any to get through the coming recession everyone seems to be talking about?
2007-02-27 10:32:22 · 8 answers · asked by jeanette t 2 in News & Events ➔ Current Events
If you are asking from an investment stand-point, you should be diversified which includes investments like REIT's - real estate, bonds, and international markets like Brazil and Australia as well as a broadly diversified emerging markets ETF or mutual fund.
Personally, have six months of cash available and start tightening your budget; i.e. less entertainment, less eating out.
But most people will not feel the affects of a recession.
Hope this helps!
MaxbpS
2007-02-27 10:43:57 · answer #1 · answered by Maxbps 2 · 0⤊ 0⤋
Good question. When a recession if coming and you are aware of it, you need to gather these items.
1. Water
2. Can foods
3 Big flash light
4. protection
5. grow your own food
6. grow chickens and animals.
7. buy candles
8. get a camp stove with propane
9. fishing rod
10. compass
11. medicine
12. silver or gold
There are many other items but, these are the ones that are easy to barter.
2007-02-27 18:54:38 · answer #2 · answered by Don't Know 5 · 0⤊ 0⤋
Unlike you I have not been talking to everyone, so I don't know anything about a coming recession, but if one should come, recessions come and recessions go. Stockpiling food and water will not really help. If you have a good education or know a trade you will survive just as people have lived throught all recessions and depressions before.
2007-02-27 19:06:43 · answer #3 · answered by hironymus 7 · 0⤊ 0⤋
I'm going to praise the Lord that all will soon be good.
And I hope I learned a good lesson.
All men are liars
Money is EVIL
and
Worship God not the stocks (golden cash cows)
2007-02-27 18:37:19 · answer #4 · answered by eg_ansel 4 · 0⤊ 0⤋
Enjoy it while you can, cause in a short time the prices will sky rocket..
2007-02-27 23:07:23 · answer #5 · answered by xyz 6 · 0⤊ 0⤋
Im investing in canned foods and shotguns.
2007-02-27 18:41:31 · answer #6 · answered by Anonymous · 2⤊ 0⤋
you need to protect your income source
your work place
wost comes to worse your work mates can combine to protect you
your unionised work place becomes home and coop ,protecting each other
but its not comming so dont sweat on it
wait till its real
if they say dont come to work prepare to stay when you do go.
2007-02-27 18:37:58 · answer #7 · answered by Anonymous · 0⤊ 1⤋
stack up on beans
2007-02-27 20:22:18 · answer #8 · answered by Anonymous · 0⤊ 0⤋