Eh, I think the sentiment is more like that saying "Economists have predicted 10 out of the last 3 recessions".
There are always lots of reasons to be concerned, lots of leverage that could crash catastrophically (and often does). Whether that triggers an actual recession or just a correction is the nebulous part. I mean, the S&P is down ~6% over the last 5 days. Are we at the start of a recession right now? Would you be willing to actually bet money on your answer? For the people who do: Are they just lucky, or actually insightful? How would you know the difference?
People have always worried about politics interfering with recession recovery - I mean, hell, a big part of the tea party's agenda was opposition to TARP and ARRA (I'm not going to go so far as to say that's WHY the tea party exists, though). Not to be too politically cynical, but I think it's fair to say that politicians will do everything within their power to protect the wealthy and the status quo and any opposition to that will be for show.
There are always lots of reasons to be concerned, lots of leverage that could crash catastrophically (and often does). Whether that triggers an actual recession or just a correction is the nebulous part. I mean, the S&P is down ~6% over the last 5 days. Are we at the start of a recession right now? Would you be willing to actually bet money on your answer? For the people who do: Are they just lucky, or actually insightful? How would you know the difference?
People have always worried about politics interfering with recession recovery - I mean, hell, a big part of the tea party's agenda was opposition to TARP and ARRA (I'm not going to go so far as to say that's WHY the tea party exists, though). Not to be too politically cynical, but I think it's fair to say that politicians will do everything within their power to protect the wealthy and the status quo and any opposition to that will be for show.