Painful as recessions are, they offer great opportunities. New markets appear, new incentives appear, and buyers are willing to pay for services rendered. They will re-structure their monthly budgets to take advantage of these opportunities. There will be losers, of course: those businesses that fail to meet consumer demand under the new conditions. But there will be winners.
If the Federal Reserve System would stick to its guns and refuse to inflate in the next recession, the economy could adjust on a permanent basis. I don't think this is likely. The FED will inflate once again. This is what central banks do.
For the moment, the FED is not inflating. The yield curve is inverted. The recession is in the pipeline. You can prepare for it now or deal with it later.
Don't let it blindside you.
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