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Under Joe Biden, people who wanted to complain about the economy often mistook their own feelings for “recession”. If you asked them to point to two consecutive quarters of negative growth, they’d look at you like you’re changing the subject. I expect we’re going to see a lot more Sharpies used in econometrics if the same decisions and personalities are still involved in Q3.

[ttyprintk]

In fact, April 30 at 8:30 AM, we’ll see which definition of GDP they promote. Lutwick hints that he’d like the sum of all domestic transactions except for those with the government on one or both sides.