Vanguard's chief economist in December 2022 says a recession may occur mid 2023. https://investor.vanguard.com/investor-resources-education/news/inflation-rece

Vanguard's chief economist in December 2022 says a recession may occur mid 2023. https://investor.vanguard.com/investor-resources-education/news/inflation-receding-recession-looming https://investor.vanguard.com/investor-resources-education/n... Do you think they are also part of this vast conspiracy to trick you, or is it possible you are just confused and never understood economics or the definition of recession as well as you thought? Here's Fidelity in december 2012 "We do not believe that the US is in recession, but instead experiencing a late-cycle expansion, which has historically led to positive returns for stocks and bonds." https://www.fidelity.com/learning-center/wealth-management-insights/thinking-on-economy https://www.fidelity.com/learning-center/wealth-management-i... Is Fidelity also part of a vast conspiracy to trick you, or is it more plausible you just don't understand economics so well? Maybe the issue isn't so much that the definition has changed, as modern events have revealed you never understood the definition in the first place, or that 2009 paper you cited?