For the better part of a decade or for the last 3 years?
The country is incredibly divided. About half the country thinks the country is going to shit anytime their party isn't leading. The country usually does go to shit when leadership is divided. And the economy has almost always gone to shit when the yield curve inverts. Combine that with the fact that inequality is at an all time high and a lot of people WANT to see asset prices go to shit, a lot of people want to see this administration go to shit, and you've got a recipe for people predicting and cheerleading recession.
I'm young, so I can hardly speak of 2007 at all, but I think this is a unique circumstance in the amount of people that seem to WANT a recession. Would love to hear from someone older and wiser if this aspect is normal.
Anyone who can say with certainty what the market is going to do is usually selling you something. Especially, when they trot out a magic number that predicts something. The division you are noticing has been there for a long time (100+ years).
Will there be a recession? Yeah. When, is the trick, it could be tomorrow or 10+ years from now. That recession will also be followed by a boom. Such is life. That we have not had one recently is a bit unusual but not unprecedented. You could even argue the the world is already in the 'coming' recession, minus the US.
I would posit people wanting a recession is just a form of jealously and resentment. Normal? Not in my experience. But then I may have just not noticed. I remember the gas lines of the 70s. No one really wants that just to feel smug, do they?
The country is incredibly divided. About half the country thinks the country is going to shit anytime their party isn't leading. The country usually does go to shit when leadership is divided. And the economy has almost always gone to shit when the yield curve inverts. Combine that with the fact that inequality is at an all time high and a lot of people WANT to see asset prices go to shit, a lot of people want to see this administration go to shit, and you've got a recipe for people predicting and cheerleading recession.
I'm young, so I can hardly speak of 2007 at all, but I think this is a unique circumstance in the amount of people that seem to WANT a recession. Would love to hear from someone older and wiser if this aspect is normal.