Get Ready for a Downturn

Winter is Coming

This last month, a squiggly line on a chart crossed another line on the same chart and now the economy is screwed.

You don’t have to know what a yield curve is. You don’t need to know that its inversion means 2-year bonds pay more than 10-year bonds.

But what you do need to know is that, although it rarely inverts, it just did last month. This matters ’cause this event has preceded every recession since 1954.

The good news? You have time to plan and prepare. Typically, it’s 12-24 months between the inversion and when a recession finally hits.

This means that you could:

Many of the younger tile installers have never really seen a downturn. They are probably under the assumption that getting work will always be easy.

But us older installers understand that even though recessions typically involve a bit of pain, ultimately, they are good for the soul.