Send us a textIn this episode, Paulina and Mark discuss the topic of recession and its impact on portfolios and businesses. They define a recession as two consecutive quarters of declining gross domestic product (GDP) and discuss how governments often manipulate data to avoid acknowledging a recession. They also highlight the characteristics of a recession, such as uncontrolled inflation and reduced consumer activity. The hosts share their strategies for recession-proofing portfolios, including hoarding cash, diversifying assets, and focusing on cash flow. They also discuss debt management during a recession and the importance of protecting oneself financially.Chapters 00:00 - Introduction and Definition of a Recession11:25 - Strategies for Recession-Proofing Portfolios21:59 - Debt Management During a Recession25:31 - The Importance of Protecting Yourself Financially#recession  #portfolio  #business  #gdp  #inflation  #consumer #activity, #cashflow  #debtmanagementSupport the show

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