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re: Being "recession proof"

Posted on 7/8/13 at 2:18 pm to
Posted by LSURussian
Member since Feb 2005
127247 posts
Posted on 7/8/13 at 2:18 pm to
quote:

how does one become "recession proof", if there is such a thing?
No.

quote:

And who gets hit the worst by these recessions?

Cyclical manufacturers such as airplane and auto makers, steel and aluminum producers and most large banks which depend upon the national economy for their lending.

Makers of consumable products are considered the least affected by recessions, such as manufacturers of soap and other consumer cleaning/hygiene supplies, toilet paper, food and beverage producers and tobacco.

Those would be your Proctor and Gamble and Johnson and Johnson type companies but they still are affected because consumers switch to their cheaper brands to get by.

Posted by rintintin
Life is Life
Member since Nov 2008
16227 posts
Posted on 7/8/13 at 2:21 pm to
Thank you, I was hoping you would reply in this thread.

If you don't mind me asking, how did the recession affect you personally? You can be as vague or detailed as you like.
Posted by TheWiz
Third World, LA
Member since Aug 2007
11694 posts
Posted on 7/8/13 at 2:56 pm to
quote:

how does one become "recession proof", if there is such a thing?

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