Published on 23 Sep 2022 on Insider Monkey via Yahoo Finance
10 Best Stocks to Buy Before Recession Begins
In this article, we discuss 10 best stocks to buy before recession begins. If you want to see more stocks in this selection, click 5 Best Stocks to Buy Before Recession Begins.
Between 1929 and 1939, the period famously dubbed the Great Depression, global economies suffered from stock market crashes, sharp declines in output, high unemployment, greater poverty, personal and corporate bankruptcies, and falling international trade. The US economy is spiraling towards yet another slowdown. The latest calls of “Poison” Ivy Zelman, the analyst who predicted the 2008 housing crash and the founder of Zelman & Associates, suggest that she expects an 8.8% drop in U.S. home prices between 2022 and 2024. History indicates that this would potentially be one of the three steepest housing price declines on record. The other two sharpest price drops were registered during the Great Depression and the Great Recession.
Steve Hanke, a professor of applied economics at Johns Hopkins University, told CNBC at the end of August that the US economy is expected to fall into a recession next year, and the rake hikes will not necessarily be the primary catalyst. He further explained: