We don't have (effective) recession indicators that are 100s of years old. We're not even sure that the ones that are 25 years old still hold up in the modern d

We don't have (effective) recession indicators that are 100s of years old. We're not even sure that the ones that are 25 years old still hold up in the modern day. So no, there's no alarm bells ringing "left, right, and centre." It is very possible that no recession occurs in the next few years.