Nobody knows when the next big recession is coming BUT I have to chuckle at how everyone has become a macro-economist these days. 

I have heard numerous instances where politicians and economists have stated that it is a consumer economy and consumers need to go spend.

If we added all the deals on BP I doubt an economist would have them moving the needle much on the US economy.

Many economists predict that economic growth in China could slow to 4% as their economy continues to mature.

Journalists are not economists and they tend to have a weak grasp of what is really happening.

I'm no economist, but who's to say the 80's couldn't happen again.  

National Association of Realtors Chief Economist Lawrence Yun recently wrote an article stating that we're in a "Bizarre Market" in which he stated "With a strong economy and the lowest unemployment rate since 2000, more Americans are in the market to buy a home yet sales are stagnant.

Do not waste your time fighting Forecasters, The Unhappy, Journalists and Economists.

Economists are telling us that job security requires better training and education--not that people won't require professional services because of the internet.Zillow/Trulia are in the same space as the MLS, not real estate agents.  

I got the smarmy impression that it is a slanted piece, and more of a, 'let me tell you what you should think' piece rather than the logic of the market.I follow economist Harry Dent, Jr who opines a learned and statistics based prediction that there will be a correction to 2006 levels, and maybe a severe correction to 1996 levels in the next 18 months, give or take a couple.http://www.harrydent.com/The stunned silence and mouth gapped open of us audience members was telling.There was a weak voice out of the midst, (not mine-I was at a pucker factor of 10) asked, "well what should we do?"