LCR Coin Asks: Can You Predict a Recession?LCR Coin
Low Consumer Confidence A telltale sign of a recession is that consumers simply stop buying. They may not stop altogether, but in rough financial circumstances, everyone is forced to tighten their belts. Most often, this means that the average consumer will restrict themselves to essentials in terms of what they spend their money on, meaning that wholesalers and retailers lose out on an immense amount of profit. The US economy is made up of consumers by an incredible margin of 70%, which is an immense number of people potentially losing confidence in the economy, creating an equally immense loss. What further exacerbates this situation is when news of a potential recession reaches the media – doom and gloom forecast only makes things worse. LCR Coin’s experts suggest that you keep an eye on financial forecasts, and to invest in gold and silver to help keep you ahead.