Worst economic prediction for a generation - as UK heads for recession

The only thing you can do is make sure you're ready and plan accordingly because recessions are a natural part of the economic cycle. I began my career during a recession (2009). Aerial acrobatics on cruise ships was my first job out of college. I've developed my own business, am a vice president at a large corporation, own three rental homes, invest in stocks and businesses, and have seen a growth in my net worth of $$k over the past four years.

Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, waiting may not be the best decision for investors. It might sound basic or generic, but getting in touch with a financial adviser was how I was able to outperform the market and raise a profit of $350,000 since Jan 2022. For me, its the most ideal way to jump into the fin-market these days.

Frankly the stock market has never been the most reliable partner from day one, patience has always been the major attribute to this game, you want to make profit then you invest head on, not cowardly taking cover. If you can't do it yourself, then find a competent professional trader to assist.

Can I just live one year of my adult life where there isn’t a massive economic crisis, pandemic, world ended threat etc. Just one year.

This is what happens when you have a Government who is more interested in lining their own pockets and partying instead of Governing....

We need a government that cares about the finances of ordinary people, more than the outrageous, record breaking profits of energy companies. It’s simple.

The cost of living crisis appears to be a global problem, although here in the UK it has been made worse by the increase in the prices of many goods. I believe that the government has the ability to reduce the cost of electricity, but for some reason, I don't think they are concerned about how the common person would do in these strangely challenging times.

With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio

"I think the British people have had enough of experts" - Michael Gove, MP circa 2016. The chickens are now coming home to roost.

They will be no recession for the people who got us in this mess, politicians.

With inflation running at a four-decade high, a Recession is now the ‘most likely outcome for the economy. How can I grow my portfolio to outpace inflation and maintain a successful long-term strategy? I have been reading of investors making about $250k profit in this current crashing market, and I need ideas on how to achieve similar profits.

I'm 58 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, we are finding it impossible to replace it. We can get by, but cant seem to get ahead. My condolences to anyone retiring in this crisis, 40years nonstop just for a crooked system to take all you worked for,

And they spent about 3 minutes talking about this in tonight's leader "debate". Our media, and the conservative party as a whole, are royally screwed up.

Where does the "free market" go in times of crisis? Straight to the government to get bailed out.

This is the fourth once in a lifetime financial crisis I have lived through.

Recessions are where millionaires are created, I feel for the older generation, but if you are you or middle age, you should do everything possible to double or triple your income.

Its not energy prices. ITS HOUSING

Single guy employed living in a one bed:
£200 food
£800 rent
£200 housing gas/water/electric/internet/upkeep
£150 housing tax
£25 Mobile phone
£200 vehicle fuel
£200 vehicle tax/insurance/maintenence
£7 netflix
=Lets call that £1800/mth overhead

Gross pay £28k, minus tax, = £1900 take home

£100 a month spare = £3 per day. 4 pints down the local saturday night.

Housing is currently 7x average yearly wage. In the 90's it was 3x. In the 50s it was 1x.
Housing prices have been bidded up by a decade of cheap money - look at the history if interest rates and tell me that 14 years of less than 1% interest is normal...

I love hearing conservatives talk about economics. They are so confident of their choices and policies, yet the last 10 years have been awful for most and exceptional for the 1 percent. When will people see through it?

Well at least people will stop buying cars and houses they can’t afford to impress someone who does the same 😂🤦🏽‍♂️

Watch how it changes when we all stop paying!

Don’t be scared by these creeps.