It has also predicted a few that didn’t happen.
It will predict correctly eventually, there’s always a recession coming and that’s a good thing.
The alternative is a steady state economy, which is bad all the time.
As booms mature, there is more capital available but less good opportunities as they’ve all been exploited. So too much investment goes into things that aren’t so good, eventually causing a recession. The stock market does a similar dance.
I heard once something funny, something like ....predicted 8 of the last 2 recessions”