I see little signs of the beginning of a new recession. Its not obvious yet, but it will soon, probably starting late summer, early fall, with falling real estate prices. If they take away the r/e tax deductions?
I see many new listings of houses popping up for sale, before early spring, and within two to three weeks, they get nervous and lower the high asking prices.
We already heard about the 7,000 retail stores ready to shut down. Many lay-offs. Plus, cutting back funds for the EPA and similar money wasting agencies will have layoffs. The ugly head of reality will reveal itself. The fantasy going on is always better than the reality.