Jim Cramer Has Spoken: Get Ready for Recession!
The Market Says No More Good Times!
Mad Money’s Jim Cramer declared on Wednesday that it looks like a recession is coming and the market has decided it. This means one thing for everyone who isn’t already wealthy: time to start panicking!
It all started when Jim posed the question on his show: “What happens when you put all this disruption together? … You get to a place where the market decides a recession is coming whether we like it or not.”
Jim Cramer Gives Us the Cold Hard Truth
As if there weren’t enough reasons to be worried about a recession, Cramer’s predictions are throwing some extra fear into the mix. He also addressed the potential effects of a recession including job losses, inflation, debt defaults and more.
So how are the rest of us supposed to prepare? Here are some tips from Jim himself on how to make sure you survive the coming recession:
- Save what you can: Saving up a few months worth of expenses can really come in handy if you end up being affected by a recession.
- Cut back on non-essential expenses: Assess your budget and figure out what spending is essential and what can be cut back or eliminated.
- Think long-term: A recession could be a signal to adjust your investment strategy by investing in long-term projects or stocks with lower volatility.
Be Prepared and Don’t Panic!
While Jim Cramer has warned that a recession is coming and the market has decided it, don’t panic just yet! Take the time to prepare for the worst, but also keep in mind that recessions don’t last forever and tend to turn around when the market finds equilibrium again.
At the end of the day, Jim Cramer is only human, so take his predictions with a grain of salt. It’s always a good idea to stay informed and to take the appropriate precautions, but don’t go full-on Doomsday Prepper just yet!
