There's so much effort put into timing the next recession. It's not just that they can't even do that with meaningful certainty-- it's that they also can't tell you how significant the recession will be. I mean, with full employment right now, of course a recession is on the horizon (who knows when). But, going from full employment to 1% less doesn't mean the economy or its people is even worse off than they were 2 years ago. Same thing with virtually any thing else that plugs into GDP.
buboard|6 years ago
Because there is nothing else to do? Whatever happens to the market it keeps going up. There is little reason to search for an upturn (and you don't want to jinx it), so they are searching for a downturn.