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Preparing For A Recession

Preparing For a Recession
Hello Rookies!
A recession can be thought of as a situation where trade and business decline as a whole on a massive scale.  In today's international world a recession in one major country usually has an impact on all others that also trade with it and vice versa.
Even if you do not own a business a recession can definitely impact you in the form of job loss or even higher prices for basic goods such as food and gas.  Imagine you work for a company that  sells  electronics - then one day a recession hits and a large portion of the country either lose their jobs or withhold spending on luxuries.  Suddenly your company may no longer have the sales and profit to justify your job resulting in mass firing.  Such a scenario makes a recession everyone's concern.

Like all expected financial matters - thinking and planning ahead of time can help prevent a lot of financial pain and regret later.  While you can not plan for everything and not everything on this …

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