I’ve read a good amount about this, and while by traditional measures there isn’t technically a recession, many real‑world signs make it feel like one. What do we think? I don’t think this breaks the 6 rule, it’s an economic question.
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Wikipedia says:
In the United States, a recession is defined as “a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.” The European Union has adopted a similar definition. In the United Kingdom and Canada, a recession is defined as negative economic growth for two consecutive quarters.
So technically, looks like there isn’t a recession. Though a huge chunk of US GDP is just imaginary and doesn’t represent any value, so realistically probably yes.
Part of me wonders if it’s a recession, or if the ultra rich have finally squeezed everyone to the point it feels like one.
I’ve made more money this year than I ever thought I would, like double the most my parents have ever made and yet it doesn’t feel like I thought it would.
Just as an FYI, there is an organisation that declares recessions in the USA
https://en.wikipedia.org/wiki/National_Bureau_of_Economic_Research?wprov=sfla1
And as soon as they do Trump will declare them traitors and demand the head is fired
The numbers were always a little sketchy and politically filtered, but now you can’t trust/use any information. The institutions are gone, political hacks are in charge and truth is dead.
Based on what I’ve been reading, it would be in a recession if not for the AI investment money flooding into the tech sector. Let’s hope AI lives up to the hype, eh?
This has been called out as a bubble bigger than Too Big To Fail by everyone on every side of the political spectrum but ancaps.
there isn’t technically a recession
And if the economy were shrinking, would the US government statisticians actually release reliable data that says so?
