When he lose his job…
Higher for longer. That’s what the Fed signaled in their recent FOMC meeting.
That means more pain for businesses.
Can the economy withstand such prolonged high-interest rates?
And when it can’t, there will be a number of layoffs as companies close down or right-size their budget in order to survive.
We hope never to be in such a position…but there is no guarantee.
The most defensive way is to prepare for it….prepare for the day when we lose our job.
How?