there isn’t technically a recession

And if the economy were shrinking, would the US government statisticians actually release reliable data that says so?

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.

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

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.

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?