Preparing for the next recession
Renowned journalism has been dealing with the subject of the next recession ever since the last one.
Who would have thought in 2008 that oil prices would drop 60%, that the markets would rise nearly 400%, that we would be entering the longest economic expansion in history, that we would have close to 0% inflation, that we would have the lowest unemployment levels ever? No one wrote about that!
A recession is defined as a drop in the GDP in two successive quarters. The effects of a recession frequently cause a drop in stock markets. Monday Morning Millionaire Program members welcome drops in stock markets because they produce bargain buying opportunities.
The real pain of a recession arises from the fact that businesses slow down or shut down, people lose their jobs, families suffer financially and more.
For dentists, veterinarians and optometrists who make up most Monday Morning Millionaire Program membership, that means that patients put off elective procedures that produce so much revenue. Except for bankruptcy lawyers and government employees, everyone gets hurt in a recession.
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