What Survives a Recession? Lessons From 2008 and Today

This week on Another Money Show, Anthony is joined by producer Sam Davis while J.R. is away. Anthony and Sam discuss some of the latest headlines surrounding artificial intelligence, questions about AI safety and cybersecurity, and whether today’s speculation and enthusiasm surrounding AI and technology could eventually resemble previous market bubbles.

They also look back at the Great Recession and discuss companies and industries that held up surprisingly well during 2008, including businesses tied to essential services, discount retail and everyday necessities. That leads to a larger conversation about what could prove resilient during the next serious economic downturn, and why the stock market and the economy don’t always tell the same story.

Plus, Anthony and Sam break down the foundations they believe people should consider when preparing financially: food and water, emergency reserves and hard assets, debt management, dependable income and diversification. They discuss emergency preparedness, high-yield savings, mortgages, NFTs, Bitcoin and cryptocurrency, and why having a strong financial foundation can give you more flexibility when the unexpected happens.

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About Another Money Show:We’re your hosts, J.R. and Anthony. We want our listeners to be informed of not only the standard rules for investing but how to invest based on the uncertain world around us. We want our listeners to be prepared – not scared. Being aware of potential pitfalls allow our listeners to be proactive in their finances, not reactive!

Meet J.R.: J.R. Rotchford joined his family’s business, Rotchford & Associates, in 1998 after serving in the U.S. Air Force, graduating from ASU and working for a newspaper and then an elevator company for a short period of time. He has experienced the peaks and valleys of the financial services industry for going on a quarter of a century now.

Meet Anthony: In 2018, Anthony Carrao became the 4th generation of the family business after leaving behind a career as an Industrial Engineer. Anthony now uses his knowledge base in strategic pla