We’re already in recession, take your pick inflationary or deflationary are the only two flavors available. In one your assets get more valuable, so long as they aren’t encumbered. In the other your debts get less valuable.
I had an interesting conversation with Rich about these two divergent thesis on recession and while not comprehensive your plans should hinge one which you think most likely. In deflation our currency will become more valuable. Hard assets seen as easily convertible will retain value, as will those with income streams.
In inflation hard assets (unencumbered) will rise in value. Gold does really well in this case.
