The Financial Catastrophe 10 Years Ago
Are you ready for the next financial catastrophe? Are you ready to be profitable in the next 5-10 years? Is your junk hauling business ready for the next real estate boom? Is your junk removal business ready for the next recession?
Here is a great article from JP Morgan Chase:
A decade after the collapse of Lehman Brothers, J.P. Morgan takes a look back at the response to the financial crisis that reshaped financial markets and the global economy.
The financial crisis brought the global economy to the brink, with many regarding the bankruptcy of investment bank Lehman Brothers in September 2008 as the seminal moment of the great recession. That same year, the U.S. housing market went under water, J.P. Morgan acquired Bear Stearns in record time as it too faced collapse, stock markets crashed and the Federal Reserve slashed interest rates to their lowest in history. Ten years on, the J.P. Morgan Research team explores what has changed and what the future could hold for the global economy and markets
Click the link below for the complete article:
The Junk Hauling Business is a recession-proof business. During a recession, you will make a killing cleaning out REO foreclosure properties. During real estate booming times you can make a killing cleaning new and remodel construction sites.
Here is a great video on starting a recession-proof business cleaning up bank owned REO foreclosures.
Property Preservation Companies have a big volume of trashout junk removal – REO foreclosure clean up jobs.