No but you'd be smart to know when the next recession will hit.pixel85 wrote: Tue Sep 03, 2019 1:46 pm You don't need to be a genius to predict that it will happen one day. It's the nature of the market to raise and fall. For the 3 years in a row I hear that market/economic armageddon will happen really soon (just nobody knows when this "soon" is).
Bond yield is inverted. Gold and Silver are up while Copper is down. Why is that an indicator ? Gold and Silver are considered a "safe haven" during an economic downturn while falling Copper prices indicate a slowdown in new construction. And so on.....
You can laugh it off if you want but being prepared for any contingency is never a bad idea.
I suggest that anyone in a tenuous financial position at least think of a Plan A if the indicators turn out to be correct. Nothing is written in stone so no telling what the future holds but like I said I'm working on my Plan A. If the global recession doesn't happen as predicted no problem, I've lost nothing by being prepared.
