Recession coming in the next 12 months

[Grieve]

Interesting read, but it really don't get it. Unemployment has been steadily falling, which should mean more people are employed and pumping money into the economy. I don't get why spending would be less now than a couple of years back...

The stock market argument makes sense, though. Seeing your stocks going up can make people think they are richer, and vice versa when they go down. Let's see if the market continues to drop...