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Who you gonna believe—me, or your lyin' eyes?
Recessions have always been two consecutive quarters of negative GDP growth because it's an objective measure, any definition otherwise is revisionist history much like the 1619 project, redefining of gender, or that the parties swapped sides. Its copium at the highest levels.
Want to examine it further? You'll find corporate earnings are down, jobless claims are up, the market is crabbing at the bottom of a sell-off, commodity prices are cratering, and the housing market is headed downhill.
