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re: Being "recession proof"
Posted on 7/8/13 at 2:18 pm to rintintin
Posted on 7/8/13 at 2:18 pm to rintintin
quote:No.
how does one become "recession proof", if there is such a thing?
quote: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.
And who gets hit the worst by these recessions?
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 on 7/8/13 at 2:21 pm to LSURussian
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.
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 on 7/8/13 at 2:56 pm to LSURussian
quote:
how does one become "recession proof", if there is such a thing?
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