What is recession? Just like humans, they breathe in and out, and just like economies, it cycles between growth and recession. Without recession there will be no growth and vice versa. With the coming Recession in 2020, some may see this as misfortune, while others see it as opportunity, which camp are you in?
Continue ➤ 28 Investment Advises By Warren Buffett On Wealth Management
According to Jim Rogers, recession happens every 4 to 6 years, more often than not they are major corrections but once in a while they will get something as big as the Great Recession of 2008. Experts predict they will be going through another economic downturn cycle in 2015-2016 as shown by the collapse of oil and most commodities prices.
Some people believe recession is a bad thing, but it is actually a healthy economic cycle. When they experience pain somewhere, it is a sign of something is not right thus they must quickly remedy the problem. As for the economy, when there is a recession, the best method is always the most bitter method, just like medicine.
Crisis and Opportunity – Opportunity is always present in the midst of crisis. The Chinese word for crisis carries two elements, danger [ 危 ] and opportunity [ 机 ]. No matter the difficulty of the circumstances, no matter how dangerous the situation, at the heart of each crisis lies a tremendous opportunity. Great Blessings lie ahead for the one who knows the secret of finding opportunity within each crisis.
As sure as the spring will follow the winter, prosperity and economic growth will follow recession. – Bo Bennett
Recession is when a neighbor loses his job. Depression is when you lose yours. – Harry S. Truman
You cannot spend your way out of recession or borrow your way out of debt. – Daniel Hannan
I don’t know if you call a burger recession food. It’s comfort food. – Michael Mina
No one saw the recession coming. – Gordon Ramsay
The recession won’t be over till they raise a generation that knows how to live on what they’ve got. – Unknown
I’ve heard there’s going to be a recession. I’ve decided not to participate. – Walt Disney
Recession is opportunity in wolf’s clothing. – Robin Sharma
Do not make recession your obsession, just remember to forget it and you’ll be ok. – Mina Tadros
Cutting libraries during a recession is like cutting hospitals during a plague. – Eleanor Crumblehulme
Top 10 Recession Proof Jobs and Business Opportunities
- Repair and maintenance related jobs – In a recession, instead of buying a new product, they tend to maintain and repair broken computers or cars.
- Health related jobs – In good or bad times, they will need medical attention regardless of their financial well being.
- MLM or Direct Selling – In a recession, selling ‘hope’ is one of the best products ever. Giving people a tiny hope that they can make it big in hard times.
