“Recession fears grow as rising prices hit spending”

May 13, 2022 | Economy

Here’s the thing about a proper recession. People lose their jobs and houses, everyone stops spending on everything and shops get boarded up. Early indicators, it becomes easy to get both a restaurant booking and builder. On those pragmatic indicators, I’m optimistic it won’t happen, although Boris seems to be pre-empting by announcing he’s going to sack 91,000 civil servants. If you’re worried about your investments, take heart because by the time it feels like hard times, they’re anticipating the good times and rising, as perversely and unexpectedly as they fall when everything seems to be pretty hunky dory to we laymen. So. Nil desperandum, is my message.

Read more here