We were so convinced of an upcoming recession. The pandemic, domestic politics, a trade war, inflation, all of these things were signaling a downturn. We got articles like [1] "100% probability of U.S. recession in coming year, according to Bloomberg Economics forecast model".
Except the underlying foundation for the economy was strong. All the people who said it was strong were shouted down but here we are now, with a roaring economy. https://www.marketwatch.com/story/100-probability-of-u-s-rec...