I heard on the Jeep radio yesterday that the US government was not declaring the national economy to be in recession, despite two consecutive quarters of negative growth, for reasons apparently related to their redefinition of the term “recession.”
This morning I learn that this development makes logical sense, from a certain point of view…
Being retired on a fixed income, recessions don’t scare me, because (barring social collapse) the checks keep coming. Inflation, on the other hand, scares the hell out of me!
I am sooo gonna plagiarize the heck outta that one