Poll: What’s Your Top Concern in Case of a Recession?

Let’s face it, what we are seeing now are not pretty: turmoil in the financial market, slumping home value, slowing consumer spending, rising unemployment rate, and falling stock prices. The talks of a possible recession, if we are not already in it as some people have argued, are getting louder and louder these days as last summer’s subprime mortgage crisis spread to other areas of the economy. Since peaked on October 9, 2007, the S&P 500 index has dropped 16.3% already and the Dow has lost nearly 15.5%. Over the weekend, an article in The Wall Street Journal painted a gloomy picture of what Recession 2008 may look like: If Recession Comes, It Likely Will Hit Hard because the trouble in both the housing and financial markets appear to be unprecedented according to some economists.

So do you see a recession coming even after the Fed’s 0.75% emergency rate cut yesterday? If indeed a recession occurs in the coming months as many have predicted, what would be your top concern and are you preparing for it?

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