>US has the lowest unemployment rate in 30 years, wage growth, 3% gdp growth, and foreign direct investments going through the roof. This really has nothing to

>US has the lowest unemployment rate in 30 years, wage growth, 3% gdp growth, and foreign direct investments going through the roof. This really has nothing to do with whether a recession is around the corner or not. They don't just gradually come about over the course of years; they happen in an instant. Before anyone is even aware of what's happening the layoffs start piling up and it becomes exponential, as decreased business spending and consumer confidence feedback into each other. Fall of 2007 was the peak of irrational exuberance with a multi-decade low in unemployment and all time market highs, but by spring of '08 there was mass panic and people had lost everything.