Recessions are Self-Fulfilling Prophecies

Shaun Nestor

I help law enforcement professionals find purpose and profit beyond the badge through their unique experiences, expertise, and perspectives.
Published March 2, 2020

If you convince yourself a recession is eminent, you are prudent to cut back on spending and increase savings.

On a broad scale, such shifts in spendings slow the economy around you.

Such shifts cause others (producers, manufacturers, creators, operators, etc) to slow their own spending, leading to a wide-spread spending freeze and recession.

The funny thing about recessions being self-fulfilling prophecies is that economic booms are, too.

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Shaun Nestor

I help law enforcement professionals find purpose and profit beyond the badge through their unique experiences, expertise, and perspectives.

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