4. Become a top-notch bargain-maker
‘Necessity never made a good bargain.’
A simple definition of inflation is that too much money is chasing too few goods and services. If everybody wants a rare commodity its price goes up and with it inflation. In this regard a recession is actually too few people chasing too many goods, as buyers fall away and retailers’, distributors’ and manufacturers’ stocks increase. Governments who see that inflation is under control will then lower interest rates to make sure that the economy kick starts itself. This leads to two things, one bad one good. The bad news is that any savings you have are now getting a derisory return, like 1.5 to 2%, the good news is that people in a good position to ...