Some sort of rant is in order here, but I'm not sure I'm up to it... Here we go.
The title came to mind as I reacted to recent CEPR post by Dean Baker called If the Economy Fell Into Recession, Would Anyone Notice? The quick and dirty answer is that most of those voting this year would ask
Are you telling me we're not in recession? Are you fucking kidding me?
And they would be right to ask those questions. There are lots of signs of an economic slowdown, and you can read the CEPR post for those. Here I'll quote the first and final sentences.
The prospect of Donald Trump getting the Republican presidential nomination is dominating media attention these days, with some cause, but this has meant that evidence of a weakening economy has been largely ignored...
And now the final sentences.
Anyhow, the spate of weak economic reports deserve more attention than they have gotten. It could be bad news for lots of people.
By the way, I actually don't think a recession is likely, just exceptionally slow growth. The use of the R word was click bait to get you away from the Trump stories.
Economic "weakness" (Dean Baker's word) could be bad news for a lot of people. Could be? Dean doesn't think an actual recession is likely. He only used the R word as click bait.
Thank God for small favors!