It shouldn't require pointing out, but asset prices are not a measure of economic activity. Rain amount and air temperature aren't either, if somehow somebody n

It shouldn't require pointing out, but asset prices are not a measure of economic activity. Rain amount and air temperature aren't either, if somehow somebody needs that pointed too. Those are independent things. You are describing stagflation, that is a kind of recession. Despite all the fundamentals pointing towards it for a while, the US hasn't seen a lot of inflation (at least yet), so that's not what is happening.