"At what point will you realize you've wasted time preparing for an economic downturn that never happened?" - Futurist Jim Carroll
Have you noticed that the media has now shifted from 'all-recession all the time' to 'oops-we-got-the-recession-prediction-wrong?'
Over on Yahoo News, there was a comment to that effect last March:
"There’s a recession-industrial complex in America—a whole field of natterers regularly predicting economic turmoil. Every now and then, they’re right, like the proverbial broken clock. Most of the time they’re wrong. People listen to them anyway."
That's the key line - people listen anyways. And have you now noticed that people - and the financial media - are coming to realize that 2023 is the year that the recession never happened?
I certainly see it with what I do - it's a pretty weird economy. Every day, I get contacted by individuals excited about the potential to bring me in for a leadership talk focused on growth, opportunity, the future, and trends - TOMORROW! They are planning on taking their leadership team to a corporate offsite event to talk strategy, purpose, direction, and transformation - and need an in-depth keynote for the kickoff, something to inspire them and move forward into a faster future.
Then, they run it up the flagpole, and word comes back that they don't have a budget for it.
In other words, they are trying to invest in the future, but don't want to spend any money to invest in the future.