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Or maybe it is in one, but neither the government nor wallstreet wants to admit it because it will kill their investment markets, kill political careers, and ca

Or maybe it is in one, but neither the government nor wallstreet wants to admit it because it will kill their investment markets, kill political careers, and cause large shifts in voting patterns which threatens established parties and companies. When even big tech companies are starting to say it, the highest margin businesses with the highest paid workers, how do you imagine most other industries are and have been feeling?

joe_mamba 7mo ago
Yeah I dislike this disingenuous and out of touch argument that "we're not in a recession because this random graph found is going up". More people can struggle to pay bills even if the DOW and S&P is up. Most people don't judge the economic situation based on graphs the TV shows them, they judge it based on how much month they have left at the end of the pay cheque and how easy can they get a new decent job when they get laid off. The economy != the stock market. I wish HN would get that, but since a lot of people here are asset millionaires, they're way too out of touch.