It's unlikely to be permanent, it's just a cycle. The economy seems fine right now, but leading indicators (e.g. yield curve) suggest a recession is inbound.

It's unlikely to be permanent, it's just a cycle. The economy seems fine right now, but leading indicators (e.g. yield curve) suggest a recession is inbound. So everyone is playing it conservative. We'll get past the recession and things will pick back up again like they always do.