Why is it inflation excludes everything that's inflated?
Along those lines, I guess recession can exclude or include whatever they want, same deal. So are we in a recession or a "recession"

Another CEO, Moynihan from Bank of America, doesn't see a recession. However, he thinks Americans are no longer splurging and are becoming "coupon clippers". His concern is that once consumers go into hibernation, it is hard to wake them back up.

Now we have the "sausage" indicator predicting a slowdown:D

Higher sausage demand could be red flag for economy

I would watch ramen sales before sausage.

There are those who believe that a lot of price gouging is going on in the grocery business.

I think there are those who are rooting for a recession. Connecting the dots to their agenda is easy. It has been said that if you tell a lie often enough, over and over, a lot of people will believe it.

Interest rates are coming down. Gas prices are down. Mortgage rates are getting lower. (But (sigh) so will my money market return.
Oh, well.) I am not an economist, but it seems to me if mortgages would settle at about 5%, then more young people could buy houses, but landlords would not be as easily buying up houses in the affordable range and renting them for ridiculous amounts. Money got too cheap for decades and now here we are. We need normal, just normal.

There are areas of my hometown where supposedly measures finally were taken to stop the corporate landlords from swooping in to buy up anything that would have once been a starter home. Individual home ownership positively drives many aspects of the overall economy. But a lot of smaller homes were swallowed up by landlords with deep pockets and that has affected the economy negatively. Less money to spend when trying to keep a roof overhead.

I wish somebody would tear down all the empty old malls, put in streets, and build small, individual homes, with front porches and have some greenspace. That would reclaim a lot of suburban rot and rebuild neighborhoods. The malls are not going to return. (Thank you, Bezos. UG!)

What we are seeing built in some suburbs now are overpriced condos and apartments that cost a lot of money to buy or rent -- and look like file cabinets. Shared walls eliminate windows except for the front and I guess the back. No sign of outdoor space, except maybe a teeny, tiny balcony of sorts, if that. Cheap builds but not cheap to the buyer or renter. These are in some darned nice suburbs now. It's that old footprint routine -- build up not out and cram 'em in. But there is a lot of land left if old malls and empty offices would be torn down and actual houses built. That is how neighborhoods could be created. Neighborhoods bring community. Younger generations need that.

Oh well, looks like I am on a rant. (That is because I sat down at my desk with a pile of paperwork and looked in on TOTV. It's TOTV's fault.)

Anyway, I think we lucky old boomers need to acknowledge that we were able to make our way to where we are now by not being saddled with insane college tuition and being able to buy houses for normal prices -- and we should be rooting for the younger generations instead of rooting for a recession like some seem to be.

Boomer

Addendum: Forgot to say that damned right, price gouging is definitely happening in areas besides just housing. It's in groceries and clothing and restaurants, everyday stuff. Profits are huge. (Yes. some with my favorite stocks. I am torn sometimes, oh so torn. But I am also able to think that it is time to knock off the gouge and get normal.) But people are catching on and demand is slowing. That should get the attention of the gougers. Maybe.