If You Are Preparing For A Recession Now, You’re Probably Too Late

Robert Scoble has a post on preparing for the coming recession in 2008. My take is that a recession has been likely since early in 2007, and it became inevitable with the credit crunch of late August, 2007. In any event, I think his advice is coming a little late. In particular, his suggestion to make sure that you are in the top 10% of employees to avoid a lay-off. If you aren’t in the top 10% already, I doubt you are capable of just turning it on now. The truth is, the people who are going to be ready for a coming recession are already prepared. Last minute changes of lifestyle aren’t going to be enough.

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