This article from the L.A. Times is the sort of thing that inspires me to invest in canned goods and shotguns.

The headline is “Yes, a recession looks inevitable. But it may not be that bad. Here’s why.”

The message is exactly what you would expect. Hey, a recession is coming. But don’t blame anyone in charge, they always happen eventually. And anyway, household balance sheets aren’t so bad, and more people are locked into low-interest-rate mortgages.

Here’s how it concluded:

Jeffrey Korzenik, chief investment strategist at Fifth Third Bank in Tampa, Fla., said the country will avoid a recession, barely, largely because of the strength of the labor market.
He figures the Fed’s tightening will create more layoffs but said, “We have so many openings, it’ll be easier to get workers recycled into the job market. It’s not bulletproof, but it means the economy is less likely to fall off a cliff.”

When the experts agree it won’t be so bad, I’m put into a mood to build a bomb shelter. “Less likely to fall off a cliff” is a great phrase, since it betrays no actual conviction about the overall likelihood.