VCs have been saying that for years. It won't always be this way, and we will almost certainly will have a recession in the "near future", but whether that's 10 weeks or 10 years away is the real question.

I'm not so much concerned about when it will happen rather the inflated attitude expressed by the VC about money.

like a child playing with fire.

It's kind of their job, no? You wouldn't expect to hear a VC say "Hey, here's a term sheet, but no rush - get back to us when you feel like it, there's always plenty of money later."

"Recession is just around the corner" is VC-speak for "Offer available while supplies last! Hurry, operators are standing by!"

That doesn't mean it isn't true, of course.

This reminds me of the Mortgage Broker Scene in The Big Short where they interview two brokers. It's their job yet they are contributing in spite of consequences.

https://www.youtube.com/watch?v=MesrrYyuoa4