Federal Reserve Bank of New York says there's a 29% chance of a recession in the next 12 months; here's Warren Buffett's advice on how to invest during tough times
US stock market crash which could be due to a high probability of recession in the US markets, if the Federal Reserve Bank of New York is to be believed. According to reports, the Federal Reserve Bank has posed a 29% chance of a US recession in the next 12 months, which is already sending US investors into panic.
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If a recession indeed were to arrive in the next 12 months, the national economy could take a major hit and the stock market crash could become a resulting factor. However, Warren Buffett, the top market guru at Wall Street and CEO of Berkshire Hathaway is of the opinion that there should be a string of wise and timely investments that could help US investors take the brunt of any incoming recession or a stock market crash.
If Buffett's earlier prediction from 2008 is observed, which was the year the country had plunged into the Great Recession, he had said that recessions are only temporary and the silver lining needs to be found amid everything else.
Looking into the bigger picture
Buffett is also of the opinion that he cannot help in monitoring the short-term movements of the US stock market, but he generally looks at the bigger picture around Wall Street, the national economy, and related US stocks
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