“Recession Proof” Game Stocks Tank Just Like Everyone Else
If you have so much as walked past a television that had the news running in the past month, I’m sure you’re aware that our economy is in shambles. The best way to gauge America’s economic strength is by looking at our stock market, since it essentially showcases the value of American business. Well, the auto industry is down, the housing market is down and oil companies are down. Hell, even gold is down. But many analysts believed that the video game industry wouldn’t take a particularly large hit in a recession, to the point of being “recession proof.” It turns out that game stocks are only recession-resistant.
