This weeks changing definition of recession: 'Full-Employment Recession'
Source: https://www.wsj.com/articles/get-ready-for-the-full-employment-recession-bc9937a5
Last week it was 'freight recession' from the Fed's beige book.
However, this all sounds like a fancy way of saying EBITDA (earnings before interest, taxes, depreciation, and amortization) Recession from the week before, which sounds like a fancy way of saying, the staff predict a mild-recession before that, which is a fancy way of saying if you are willing to widen your lens to include a more commonplace definition, then it is possible to conclude that current monetary policy is, in fact, "on track."...
All these fancy ways to avoid saying RECESSION straight up.
With this much denial, you'd think we were in Egypt?
