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ListenMoneyMatters. com | Andrew Fiebert, Matt Giovanisci

Recession Fire Drill: $250 Trillion World Debt Edition

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A majority of economists polled by the Wall Street Journal think that a recession is in our future in 2020, 59% to be exact. Another 22% say 2021 making over 80% of economists think we’re between 1 and 2 years away from a recession.

Ray Dalio, our hero and spirit animal, said in February 2018 that we were about two years away from a recession. So, according to him, we have one year left.

It’s time to seriously prepare.

We were about 2 years from a recession, 1 year ago. 2019 is either the year you must get your shit together.  There is no try. You saw what happened to the unprepared in 2008.







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0:47:03
Publication year
2019
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