&gt; So what you&#x27;re saying is that you&#x27;ve called 3 of the past 0 recessions...<p>That&#x27;s pretty much what I read there. And the author seems well aware of this.<p>Just let&#x27;s not forget that this is an area where experts have the track record of calling 0 of the last 3 (hell, make it 30) recessions.