YES VIRGINIA, THERE IS A RECESSION ... AND WE ARE IN IT

by Bob Walsh

                Charles de Vaulx, 59, head of an investment firm, lies in the street after jumping off the 10th floor of a NY skyscraper after his firm was liquidated because the RECESSION shrank its assets from $20bn to $863m 

 

Despite what Joe the Hairsniffer and his road dogs and butt buddies think there is such a thing as a recession, there is a long-standing and well-understood definition of a recession and we are in one.  I am reminded of an episode of West Wing (which I liked very much despite its serious liberal bent, it was very well written and well presented) in which Josh Lyman and his multiple assistants decided they must refer to the recession as a "bagel" because to name it correctly gave it credence and power where if you pretended it wasn't there maybe it would go away.  If I recall correctly, the strategy didn't work. 

                               This a different jumper who obviously does not shareBiden's denial of a recession