Really, who cares?
- There is no official, agreed-upon definition of recession
- The other shoes that have yet to drop ensure this thing is nowhere remotely close to over. Pretending otherwise will lead to a lot of stupid decisions.
- What difference would it make since almost every number is still getting a lot worse? If you're unemployed, there's inflation, and your house is worth a lot less than you owe, does it matter that some technical indicator sounded the all clear?
- I don't care what anyone says, when the number of unemployed goes up by 650,000 in one month, but the number who totally run out of all unemployment benefits is 600,000 (so they are no longer counted), that is not an increase of 50,000 unemployed. and it's still not a good number. Those 650,000 still don't have a job, even if 600,000 who dropped off the end of the chart "offset" them. They don't really offset anything. The new unemployed and old unemployed are all unemployed.
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