I've been listening to people say this "uh oh" since 2009. I think literally every year. Not a single year has gone by when someone doesn't "uh oh" and post something about turkeys at Thanksgiving.
That's the boom/bust cycle. Bubble inflates until it pops. We can't have 0 interested and equity prices growing faster than the underlying businesses. Once labor runs out of money for rent-seekers to extract without killing them, it's over.
The people who predicted 17 out of the last 3 recessions are still less wrong than the ones who think there will never be another recession. Just wrong more often.
They both have precisely the same amount of signal, ie none. One just unconditionally predicts a recession and the other unconditionally predicts good times.
The turkey is good for the Thanksgiving day host and guests. Just figure out a way to not be the turkey. There's always a winner or loser, rarely everyone loses. Diversity is key.
