If everybody suddenly becomes poor then we call it a Depression.

If everything suddenly becomes expensive then that has the same effect.

Is that what’s going on here? Are we experiencing one of those second things? A “sneaky depression”?

The Biden admin literally redefined recession. If we used the same definition, we’d be in the worst recession since 2008.

No, we wouldn’t be. A recession is two consecutive quarters of negative GDP growth. The US had exactly two in Q1 2022 and Q1 2022 before going back to positive growth. The US had a much larger recession in Q1 and Q2 2020 before a big recovery in Q3 2020.