### Comment:
I mean, we all know a recession is ahead, we just can't time it. Obviously buffett is against timing the market so reducing risk with cash seems logical enough. That does not imply the recession will or will not begin next week.

### REPLY:
Or next year, or even the year after.  There is nothing preventing the US from having a slow down, then back to another expansion.  A proper recession is not required for a cyclical 'downturn'. 
  
 Australia hasn't had a real recession in like 28 years.

### END.