By 2009, there will likely be a recession. After the new President takes office, the U.S. will face the republican curse, or the tax hikes, business regulation, and increased litigation of Hillary or Obama. Recessions happen every few years anyway. But there are things you can do to prepare for a recession:
Pay down debt.
Increase your emergency fund.
Decrease stock holdings, especially tech stock holdings.
Update your resume.
Begin networking.
One to two years into a recession, start looking for stocks of excellent companies that are battered, but still viable.
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