Some days, the media acts like a recession is impossible…
And some days, they act like we’re already in one.
Which one is it?
In this week’s video, best-selling author Mike Maloney of GoldSilver.com tries to answer that question by taking a look at today’s economic environment and how it compares to recessions in the past…
It’s important to note that each recession has different levels of GDP contraction, employment levels, and inflation – and those wide ranges among those factors are what makes them so hard to predict.
You have to study tons of data and truly understand how dozens of factors work together to form our economy to get a clear picture.
That’s what Mike does best.
During Mike’s research, he’s pored over decades of data from the Federal Reserve, searching for the recession indicators with the best track record of success.
What many people don’t realize is that many popular indicators that you’ll hear parroted from the financial media have false positives, making them less than reliable. Most are used with the benefit of hindsight.
Mike says a better way to think of them would be confirmation indicators.
However, some indicators have proven more reliable than others, including one Mike talks about that has predicted 6 out of the past 6 recessions.
So are we in a recession?
Mike says it’s still tough to say… Every recession is different and that’s what makes accurately predicting the next one so difficult.
But there are plenty of warning indicators flashing.
Mike believes there is one step you can take – right now – to help protect you and your wealth.
For years, Mike has been advocating for more investors to add precious metals like gold and silver to a balanced investment portfolio.
Because history shows that during times of financial crisis, like periods of high inflation or when the markets are in a recession, precious metals like gold and silver often help protect and even grow investors wealth.
To get the full story for yourself, watch Mike’s video today.
About Mike Maloney
Mike Maloney is host of the smash hit video series, Hidden Secrets of Money; former Rich Dad/Poor Dad advisor; author of the best-selling precious metals book, Guide to Investing in Gold and Silver, and founder of GoldSilver.com – a global leader in precious metals investments. For more than a decade, Mike’s traveled the world sharing his economic insights with audiences from Hong Kong to Rome and from Silicon Valley to Wall Street. Get a free copy of his book:
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