Well maybe you are right but we inflated our way out of covid and the rich made a killing.
Im not sure why we wouldnt do it again tbh.
But yeah I had the tought of a recession today when my boss asked me today to screencap one of our distributors holidays catalog so that we print it ourselves instead of buying them like we would normally do
Sort of.
More like AI capex, wealth effect of the top 20% of consumers, 7% government deficits, and inflation continuing to rip at 4%, but yes the long answer is the bottom 80% have been in a recession going on \~3 years now and the nominal GDP numbers have made everything look ok because of those factors.