Home financial budget Financial Planning financial planning process money saving ideas I have a friend in the advertising/marketing sector that said in two recent client meetings their clients are forecasting an economic downturn for Q3 2019 and full recession in 2020. Has anyone else heard this? If this is true what should we be doing now to prepare?

I have a friend in the advertising/marketing sector that said in two recent client meetings their clients are forecasting an economic downturn for Q3 2019 and full recession in 2020. Has anyone else heard this? If this is true what should we be doing now to prepare?

Mr Cheaply On 10:34 AM

As the (forever long) title says but with some more detail, Bain Capital and US Bank are the holding companies that finance/own some of the clients my buddy works with. Both are cutting marketing spend and planning for mergers and acquisitions to end before Q2 2019, leading into a recession (they used that word) in 2020.

A couple questions for discussion:

Has anyone else heard this or something similar?
Wouldn't it make more sense for them to hold on mergers and acquisitions and wait for the recession to do that?
If this is true, what can we do to prepare?

Submitted August 28, 2018 at 12:16PM by jfk_47 https://ift.tt/2PHHQlT

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I have a friend in the advertising/marketing sector that said in two recent client meetings their clients are forecasting an economic downturn for Q3 2019 and full recession in 2020. Has anyone else heard this? If this is true what should we be doing now to prepare?

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