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BigmanPigman

(55,475 posts)
Sun May 10, 2026, 04:28 AM 4 hrs ago

Are we in a Recession or a Depression?

I'm not an economist but what are the guidelines for determining our current economic status and our near future status? Does it even make a difference? Is it just a label these days? Is the tRump admin. able to dictate actual or false economic statistics?

5 replies = new reply since forum marked as read
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Are we in a Recession or a Depression? (Original Post) BigmanPigman 4 hrs ago OP
It's hard to tell when a corrupt ananda 3 hrs ago #1
and the numbers Skittles 2 hrs ago #2
It can be very local and even down to an individual biophile 2 hrs ago #3
Even if it may technically 'only' a recession Dave Id 1 hr ago #4
We still have economic growth edhopper 1 hr ago #5

biophile

(1,532 posts)
3. It can be very local and even down to an individual
Sun May 10, 2026, 06:41 AM
2 hrs ago

I think we are already in a recession nationally, although some areas are doing better - or worse. The actual indicators often lag because of the data collection and analysis but the gas price effect is going to show up very soon.
Individually, I am in a depression. This is all overwhelmingly sad and frustrating.

Dave Id

(319 posts)
4. Even if it may technically 'only' a recession
Sun May 10, 2026, 07:23 AM
1 hr ago

housing, utilities, food, gasoline, and the general cost of living is pretty depressing.

edhopper

(37,499 posts)
5. We still have economic growth
Sun May 10, 2026, 07:45 AM
1 hr ago

So technically we are not. But job numbers are awful and inflation is hurting every one.
Also the current government numbers can't be trusted.

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