Let’s say there is recession Q3/Q4 ’22?
We have seen two inverted bond yield-indexes since the pandemic began; the first one was alleviated /avoided statistically (and perhaps part of why we have inflation). When the the GR hit around ’08, I was penniless and single. Now, as a middle of the road ‘Merican with a mortgage and some kiddos, I am very intrigued as to what I can do to prepare if a recession does come, beyond common sense/general family financial planning (hat tip ethics/advice from The Prepared)…
To a sharper point-what businesses and incomes did well during the Great Recession? Handymen and self-repair auto parts/service seems to survive when there isn’t enough money for something ‘new’ but rather needing a fix. Is lumber and building materials something viable/smart to stockpile?
Thank you all in advance for your experience and/or feedback shared!