#TheMoneyFactor Episode 009! Is there a recession coming? What are the warning signs? 

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- Is there a recession coming? What are the warning signs? That's what we're talking about today on The Money Factor. Hi, welcome to The Money Factor, I'm Ian Varley. Are you ready for the next recession? A lot of businesses have been submitting questions online at #TheMoneyFactor asking us about that, and what do we think, how can we help them prepare. Let's take a few of those questions now.

- [Narrator] As a financial expert, are you seeing any signs of a slowdown, as I'm hearing a lot of talk about a recession?

- Great question. You know there is a lot of talk online at the moment and in the news. Fact is, a recession is inevitable, I'm afraid. I don't want to be doom gloom, but the fact is, in the United States history, apparently there have been 47 recessions. So, that's one on average every four or five years. It's been 10 years since the last one. Everybody remembers 2008. Well, look at us now, we're way past that. But, really and truly, there hasn't been a great recession since then, so we know that there's one coming. There are signs out there. A lot of economists will talk about whether it's the housing market we can look at, whether it's the trucking industry that we can say, okay, deliveries are slowing down. You can look at whatever signs you like. You have to look at your business and, in particular, the level of orders that you're taking and any signs that you're seeing from your customers about slowdown in their purchasing habits. Anything like that that you can look to. You can obviously go online and see a lot of insight there. There is one that really catches my eye called the Bowtie Economist, and it's GraphsandLaughs. We'll put a link on the video about this. And he's great, he makes it entertaining. So, pick your poison, whichever source you want to look at, you'll be able to find an answer, but my best advice is talk to your customers, what are they doing? Are they likely to slow down their business with you over the next few months? Ask them why. What are they seeing? That's your biggest indicator.