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recession proof staples
or some items have reverse demand curves as income decreases
for example, as income rises, demand for tobacco decreases
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pull down to refresh
recession proof staples
or some items have reverse demand curves as income decreases
for example, as income rises, demand for tobacco decreases
One thing I learned in this recent drawdown when trying to understand why such a wide range of things sold off including btc, gold and silver amongst many other things is that when the time comes to pivot to a defensive position, supposedly that means buying Coke, McDonald's, and other old, established consumer facing businesses. Apparently these are things that people will buy even as the trumpets sound, according to Wall St.