Sadly, today the same analyst did not learn from the 2007-2009 great recession. Many don't believe a recession is on the horizon. In fact many believe that the Federal Reserve Bank will raise interest rates like they have promised to do in the last few years. But with market data being so horrendous, it's not likely that the FED will raise interest rates, because if they do they will only speed up the process of the next economic recession (or perhaps collapse).
The scary part is the next recession will more than likely be much bigger than the previous great recession, because the economy is even more propped up on false economic growth. The country, both private and public sectors have borrowed more money than ever before in order to keep this train going. But when things begin to slow down, all the asset prices, consumer spending, and capital spending will collapse causing a bigger rift in the U.S. and even global markets.
With our nation's debt approaching 20 trillion dollars, the question is going to be what will the government do once the bubble burst? Will the government finally acknowledge that it cannot continue to meet current and future obligations such as social security, welfare, military, and government job spending? Or will it take a different route, a common practice that has used throughout history time and time again, which is to inflate its way out of debt obligations by printing money? Only time will tell.
But if the government chooses to do the latter, I sure hope all you readers out there have prepared. Because if you didn't, you may find yourself in a new world that you would have never expected. And I don't mean a new world for the better either but for the worst. Don't be the grasshopper who didn't prepare, make sure you're the ant.