Elon Musk has issued a warning of a looming recession. There are 10 other experts in the U.S that think the same. In this episode, Rob talks about the three main reasons these experts are predicting a recession to rival 2008.

KEY TAKEAWAYS

• A recession will be bad for most but it does provide unique opportunities and more millionaires are made during recessions than at any other time.
• In general economic terms, there is a recession every 15-17 years so it could be argued we are due one.
• Both personal debt and national debt are extremely high right now having wide-reaching impacts.
• The speed of rising interest rates is having one of the biggest impacts on the economy. They have been artificially low for years.

BEST MOMENTS

“You can take this as bad, you can take this as good”

“I don’t create the market I can only react to it”

“Lloyds has predicted that property prices are going to drop until 2025”

“There's a whole generation that thinks interest rates are normal at 0%”

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ABOUT THE HOST

Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”

“If you don't risk anything, you risk everything”

CONTACT METHOD

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LinkedIn: https://uk.linkedin.com/in/robmoore1979

 

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