The Q2 GDP estimate came out on Thursday. Nobody said we weren't in a recession following that, only that the current economy is not like past recessions. If you try following the news, you might be less confused.

> Nobody said we weren't in a recession following that

https://www.cnbc.com/2022/07/29/white-house-goes-on-offense-...

https://en.wikipedia.org/wiki/Gaslighting

They said that there are reasons NBER might not call it a recession when they make their determination. They did not directly say that we aren't in a recession, by the two quarter rule or otherwise.

I don’t think it’s particularly baffling to believe that potentially winning $600mm is attractive to a lot of people in a country where the top 1% control 15x the wealth as the bottom 50% in sum and where wages have stagnated to such a large degree.

Right because 600m wouldn’t be attractive elsewhere.

Gp is referencing US political slap fights from the last week (Biden admin declaring US is not in recession).

It’s a joke comment.

in the words of a wise man, "not a joke"—I truly thought we were in a recession, but the updated definitions and Wikipedia article lock proved me wrong!

Recession is one of those words like Abortion where everybody has their own definition.

The US officially [1] goes by what NBER says and NBER doesn't call recessions/etc until several quarters after it starts. So any talk right now is speculation and you may speculate correctly but you might not.

[1]: https://www.bea.gov/help/glossary/recession

I didn't realize the definition of "abortion" was up for debate, I thought merely the parameters defining when it should or shouldn't be allowed were.

Silence, pleb! Don't question the authorities.