The pundits have been predicting recession for years. Just like a shepherd boy, they have continuously cried the wolf. The boy's pranks (the gloomy forecasts of economists) were a false alarm and those who believed them, made the type I error, i.e., they incorrectly rejected the null hypothesis that there is no wolf (recession).
But what is now crucial is to not commit the type II error, i.e. incorrectly accept the null hypothesis that there is no wolf. While a recession does not eat sheep (as far as we know), it can consume your capital and deplete your wealth. This is why in this edition of the Gold Market Overview, we take the possibility of the U.S. recession in 2020 seriously.