rubyred said "Can you prepare for a recession ? "
Of course. The same as we should be doing at any time. Save as much as we can manage, limit or eliminate borrowing, limit unnecessary travelling and vehicle use, limit eating out, limit unnecessary spending and do as much for ourselves as possible rather than pay others such as simple home and vehicle repairs , growing a small vegetable garden if possible, the list is endless . Economic downturns and their severity are difficult to predict so we always try to be careful never knowing what’s around the corner.