[themitigating]

"The media and government is in denial, so they'd tell you we aren't even in a recession yet."

There are costant headlines about layoffs. Also you said that a recession has a defintion, if that hasn't happened how is the media and government in denial?

[ryanSrich]

Like I said in my comment, it did happen. This summer we hit 2 quarters of negative GDP growth. At the time, and even now, the media is suddenly moving the goal posts and trying to redefine what a recession is.

[themitigating]

Because there isn't an official definition of a recession. That two quarter isn't a government metric.