Updated almost 7 years ago on . Most recent reply
Surviving The Recession Cycle
Just a moment ago, a topic was posted about whether or not to buy with the "impending recession." And as a newby, it just makes me wonder: if recessions are pretty much counted on in a cycle, are they all as bad as 2008?
I was working construction at the time, and we went from 40 employees in September of 2008 to 0 employees in April of 2009. Of our four competitors in that town, only one made it through to 2010. Is that a normal level of decline? Or was that just a particularly brutal recession?
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every instance is different. the next one might be softer than 2008, or it might be worse. Either way it's quite likely NOT to be similar to the mortgage crisis.
So it's important to worry about everyone building businesses around the risks of the 2008 recession while the next recession will manifest in much different ways. Meaning everyone who is planning withe past in mind is unprepared for the future
;)