Editor’s Note

Economists say nobody can date a recession, which is true and also the least useful thing they tell us, since a household does not need a date so much as a margin. What people can date is their own tightening – the canceled service, the second car listed on a Saturday morning, the pantry that abruptly acquires a system and a rotation – and that tightening is already underway in ordinary kitchens where the arithmetic gets done after the dishes are washed, months ahead of any official confirmation.

Two questions sit under everything that follows: how much fixed weight can an ordinary family carry before one bad quarter becomes a ruined decade, and who decided the answer should be as much as a lender will allow? The second matters more, because nobody actually signed off on it, and because the answer has been quietly wrong before.

This piece is long on purpose, and it is written for people who would rather move early than move under duress.

https://www.zerohedge.com/personal-finance/10-expenses-you-need-cut-now-upcoming-economic-depression