Just saw this headlines from yesterdays news. Evidently 70% of economists polled by the New York Times are saying that America is in a recession. Whats remarkable about this survey is that its hard to get economists to agree on anything. If 70% agree on an interpretation of statistical data, something is definitely going on.
So, two initial thoughts:
1) The FED will probably cut interest rates – lock in any high rate bonds or CDs while you can.
2) Since US fundaments will likely be weak over the next few months, you might consider bargain hunting in the US stock market or – better yet, send your dollars abroad. There are LOTS of great investment opportunites in markets outside of America.
I hate to advocate betting against the USA, but the sages are saying the tea leaves aren’t in our favor.