Chapter
Navigating Recessions and Depressions as an Entrepreneur
22:20 - 27:55 (05:34)
The market is likely to go through periods of plunging and rallying in the coming months, but it's important to focus on the long-term fundamentals instead of trying to predict day-to-day changes. During a recession or depression, it could actually be the best time to start a business, as long as you're mindful of the current economic climate and adjust your strategy accordingly.
Clips
The short term debt cycle can combine with the long term debt cycle resulting in periods of expansions and contractions.
22:20 - 25:34 (03:14)
Summary
The short term debt cycle can combine with the long term debt cycle resulting in periods of expansions and contractions. Currently, the economy is on the downside of the long term debt cycle.
ChapterNavigating Recessions and Depressions as an Entrepreneur
Episode#58 - How To Navigate The Upcoming Depression
PodcastMy First Million
The speaker discusses the cyclic nature of the stock market and advises against trying to predict short-term changes.
25:34 - 27:55 (02:20)
Summary
The speaker discusses the cyclic nature of the stock market and advises against trying to predict short-term changes. He then examines the potential benefits and drawbacks of starting a business during an economic downturn.