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Retail spending may be up....which may be true. If they are using credit (which many do), this is fine, until they reach their credit limit, or lose their job/income.

True. I guess it depends on the person. During the Great Depression, there were many people who were not affected, as they still had their job. It wasn't until they lost their job, that it became serious. Everything goes in cycles..it is going to happen. Not sure I want to live in a "doomsday...

yes there is a recession coming, as stated by peter, but when? Just do what you can to prepare for the event as best you can. As another said, many people see this as an opportunity. I think it won't happen until the car manufacturing has closed down.