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Are… Aren’t we already in a recession? Did we recover from 2008? Hasn’t shit been down hill since COVID?
Lead to a recession? motherfucker we haven’t recovered from the one that hit us in 2008, or do you want to convince yourself that we had it good up until now?
There’s a formal definition of recession — two or more quarters of declining GDP. Weren’t into that at a national level, even if some specific areas were.
Normal people associate recession with their own lives getting shittier. That used to happen when the GDP shrunk multiple quarters in a row. Now wealth inequality has enabled regular peoples’ lives to get shittier even with a rising GDP. So the official recession definition has lost all meaning for regular folk.
