ilmscore | Economic Downturns Predictions
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Accuracy

Recent Predictions

Total: 7
Correct: 1
Incorrect: 0
Pending: 6
Unrated: 0
Prediction
Author
Predicted at
Status
Video
During economic downturns, leveraged individuals transfer wealth to those who are liquid (have cash).
"The saying is when you go through a downturn, the people that are leveraged give their money to the ..."
Nov 25, 2025
Correct
Recessions are a period where more millionaires are created compared to other economic times.
"more millionaires are made during recessions than any other time"
Jul 15, 2024
Pending
Economic downturns and market busts are a recurring pattern throughout history.
"the reality is things will go wrong. If you look at the history of our stock market, you look at the..."
Jun 13, 2024
Pending
The economy is cyclical, experiencing both booms and downturns, with recessions occurring approximately every decade.
"our economy goes through booms and our economy goes through down periods that's is a fact our econom..."
Mar 20, 2024
Pending
Recessions have historically occurred approximately every decade in the US; the last decade and a half has not seen a significant recession.
"we've seen a recession pretty much every decade for the last century and we haven't seen a real rece..."
Sep 30, 2023
Pending
Economic downturns, while appearing risky, are significant opportunities for wealth building, as the wealthy invest during these times.
"during your lifetime you're likely going to see three to five major economic downturns and these per..."
May 28, 2023
Pending
Warren Buffett anticipates challenging economic times, not necessarily a 2008 repeat, where companies that are overleveraged or have spent heavily on buybacks will struggle when debts become due.
"he does expect Hard Times ahead not necessarily a repeat of 2008 but he says that when the bills com..."
May 8, 2023
Pending