As we mentioned in a previous article, the U.S. economy is being threatened by a recession.  Some people are able to predict or notice the signs of a possible recession, but the rest of us don’t really see them until they become part of our reality.  According to Gerri Willis from CNN Money, there are several signs that can tell us that the economy is going through a weak period and may fall into a recession.  Here are some indicators that can be clearly identified by consumers.

If people you know are losing their jobs or can’t find a job, this means that there aren’t sufficient jobs being produced by the economy.  It’s an indicator that the economy is weak.

If people are saving more money than usual, it means they are concerned about a possible economic slowdown.

According to Willis, the recessions of 2001, 1990 and 1981 were preceded by bubbles (real estate bubbles, tech stock bubbles, inflation bubbles).  The bubble of this possible recession may be the housing market.    

The U.S. has gone through several recessions, hence making it easier to predict the economical cycles.  The best way to be prepared for difficult economic periods is to have a financial plan.  You can start by taking care of your debt through a debt negotiation program.  U.S. Financial Management is here to help you.  They are an established company with ethical practices that will help you reduce your debt and pay it off in less time.  Visit them at www.usfmgroup.com  or call for a free, no obligation consultation at 1.800.738.5351. 

Source: CNN Money