The Coronavirus May Cause the Next Depression The global economy is suffering significantly from the coronavirus outbreak. Businesses have closed their doors either temporarily or permanently. Governments are putting together stimulus packages and central banks are providing liquidity to the financial system. While you may remember seeing similar market effects and response … [Read more...] about How to Prepare for the Next Depression
recession
3 Best Recession Proof Industries for the Morally Bankrupt
This Isn't Your Typical List The economy is beginning to show signs of a nearing recession. The yield curve has again become inverted. The trade war between the US and China continues on. And Europe is a mess. There are plenty of potential catalysts that could make the shaky market completely quake. Many people sense this and are growing anxious about the next recession. Some, … [Read more...] about 3 Best Recession Proof Industries for the Morally Bankrupt
How to Prepare for Black Swan Events
What are Black Swan Events? In the 19th century, John Stuart Mill described seemingly impossible events that may one day be proven true as Black Swans events. In the Western world, all swans were thought to be white until, in 1697, a dutch explorer spotted black swans on the shore of the Swan River in Australia. This story shines a light on how little we can truly say is … [Read more...] about How to Prepare for Black Swan Events