2010. It’s Going to Be a Hard Summer: Prepare Now By Carolyn Nicolaysen · May 31, 2022, in Meridian Magazine
It’s Going to Be a Hard Summer: Prepare Now By Carolyn Nicolaysen · May 31, 2022 Why will this be a long, rough summer? Reason number one, recession looming. A few weeks ago, I published an article discussing the possibility of a recession and what that means for our financial stability. To prepare for a recession see: Let’s Talk Recession . It’s time to review. Recessions generally come after a decline in confidence, a sense among businesses and consumers that times won’t be as good as they have been. Some leading indicators a recession has arrived are reduced hours worked, fewer new orders of capital and consumer goods, lower level of building permits, increased interest rates and for the last 50 years all recessions have been preceded by greatly increased fuel prices. According to surveys this month by news organizations and national and international organizations who monitor trends, consumer confidence is down worldwide. Much of this is due to t...
