Just remember that the powers-that-be have stated that we are not in a recession.
Don’t look at evidence from your own eyes, don’t depend on the news, don’t depend on multiple studies showing the same thing. Just take it on faith that the economists know what’s best for us. Blind faith.
Just remember that the powers-that-be have stated that we are not in a recession.
We’re not in a recession. The economy is growing precisely because grocery store prices are rising. The thing we are measuring - year over year increases in inflation-adjusted business revenue - is only defined as “not a recession” when industry profits are rising.
If grocery prices were falling and wages were outpacing investment returns and state programs had cash left over because fewer people needed them, we’d see a flood of money leaving the agricultural sector and a sharp reduction in output as capital scrambled to protect itself from declining returns. And that would result in a recession.
