The video game industry has a reputation for being recession proof. And soaring sales this year suggest there are some great profit opportunities in the sector. That’s why the Money Morning team have created this comprehensive guide to virtual investing.
There is a 95% chance that the US economy will enter a recession, according to a report in BusinessWeek magazine.
Jennifer Yousfi in Money Morning gives some background and examines strategies for recession proof investing:
U.S. Federal Reserve policymakers cut the benchmark interest rate by less-than-expected three-quarters of a percentage point at their last meeting, a move that was designed to energize a badly flagging economy without causing inflation to spike or exacerbating the greenback’s decline.
There’s blood on the Street… plenty of it.
US stocks plunged today, with the Dow Jones industrials shedding 300 points as record crude oil prices brought inflation fears to the fore.
And news that US jobless numbers saw their steepest rise last month since 1986 didn’t help matters.
There’s little doubt that the US economy is creeping ever closer to recession.