Is A Recession Actually Coming? | High Stakes with Steve Rozenberg

People keep on asking if another recession is coming and while that’s a truly relevant question, I think it’s not what we’re supposed to be focusing on. Recessions and market corrections are normal and instead of worrying about when it’s going to happen, why not spend your time preparing for them?

Listen to this episode to learn more about why people are asking if another recession is coming and what you should be doing to prepare for it!

Key Talking Points of the Episode

[00:00] Introduction

[01:30] What causes recessions?

[03:41] What should you be focused on?

[04:12] Should you stay on the purchasing side of the market?

[05:08] Why shouldn’t you be afraid of what people run away from?

[06:10] Why should you stay true to your core belief?

[07:16] Is a recession coming?

[07:57] How can you take advantage of the situation?

[08:43] What are people doing today?

Quotables

“Nothing ever stays the same. Every day, things are different. Some things move at a higher velocity, some things move at a much slower speed.”

“The economy, everything that we do, is a cycle. Knowing that the economy is going to change is not rocket science. It’s a matter of knowing that that’s next in line.”

“Whenever you have an amazing rush and a high, there’s always gonna be a correction, and that correction is called a recession.”

“When things get out of whack, when things get out of alignment, the recession or the contraction of the economy, whatever you wanna call it, that’s how it self-corrects basically to get back to what the capitalist markets want it to be, where things should naturally be.”

“What I think you should be focusing on is how do you prepare for it and how do you capitalize on it.”

“If you are in an industry that’s doing a lot of purchasing and you’ve got a lot of purchasing power right now, that may change and pretty soon, like every industry, you’re gonna go into a buying market.”