But now that a real recession occurred, people are more nervous than before.
So buying such stocks would take a measure of faith that a recession will not occur.
But 65 percent speculated that a recession would occur sometime next year.
But that only encourages population growth with yet more people out of work when the next recession occurs.
When a recession occurs, costs are lower and the economy benefits from the stimulation.
"And we selected companies that, whether or not a recession occurs, will still be in business a year from now," he said.
In 1982 an economic recession occurred, forcing the university to cancel its plans.
If that money had been earned and spent instead, the recession might never have occurred.
When a recession occurred in 1981 many workers lost their jobs.
Another 42 percent believe a recession will occur in 1990.