This week the most important debate amongst partisan hack was over the definition of U.S. economic recession.

As always, we want to make this discussion local . . . And here's the important context . . .


Locally . . . It might be a matter of politeness. 

Or . . . More likely . . . Partisan loyalty prevents dwelling on the topic.

For local TV news . . . Depressing economic talk is bad for biz and makes people want to switch channels. 

Meanwhile . . .

Our progressive friends don't want to get bogged down talking about boring stuff like the GDP and would rather just call everybody who disagrees with them racist.

Whatever the reason . . .

Back in 2008 we noticed dead-tree media deny the recession for more than a year and only mention it when there was light at the end of the tunnel.

Nowadays . . . The largest daily newspaper in town no longer covers any biz news in any meaningful way. 

Accordingly, we try to share a good mix of reporting on the topic from "many sides" of the conversation.

Read more via links . . .

Op-Ed: Recession denial by White House and Federal Reserve will plunge America into stagflation

To combat the highest inflation rate during the height of "stagflation" in 1981, the Federal Reserve on Wednesday announced yet another increase to the central bank's overnight interest rate, hiking it 75 basis points.

Inflation figure that the Fed follows closely hits highest level since January 1982

The personal consumption expenditures price index rose 6.8% from a year ago in June, the Bureau of Economic Analysis reported Friday. This is breaking news. Please check back here for updates .

The Fed vowed to crush inflation with higher rates. Then the stock market rallied. Here's why. (It's not good news.)

''We are now at levels broadly in line with our estimates of neutral interest rates, and after front-loading our hiking cycle until now we will be much more data-dependent going forward.'' - Jerome Powell, July 2022 FOMC press conference The Federal Reserve on Wednesday raised interest rates by another 75 basis points despite acknowledging that economic growth is clearly slowing.

Tucker Carlson: The American economy is currently a disaster

You think you've got a tough job? Imagine being handlers. You spend all day trying to keep the guy away from hot mics. That's not easy. Biden feels about microphones the way golden retrievers feel about casseroles. Leave one on a low table and he pounces on it and that's not good for anyone.

Workers' wages continue to climb, but not as fast as inflation

Employers continued hiking workers' pay at a brisker-than-expected pace, but the increases still weren't enough to compensate for the even faster rise in inflation.

Euro zone inflation hits yet another record high after big jump

FRANKFURT, July 29 (Reuters) - Euro zone inflation rose to another record high in July and its peak could still be months away, keeping pressure on the European Central Bank to opt for another big interest rate increase in September.

Elon Musk blasts Wikipedia after it suspends edits of 'recession' page

Elon Musk hit out at Wikipedia on Friday for "losing its objectivity" after the online encyclopedia blocked users from editing its "recession" page - prompting accusations that it was running cover for the Biden administration. Musk, the Tesla CEO and the world's richest person with an estimated net worth of $263 billion, tagged Wikipedia co-founder Jimmy Wales in a tweet on Friday.

It's not just food and fuel: Inflation is impacting the cost of almost everything

In Queens, New York, Audra Fordin has seen some customers patch up and ride out a punctured tire only to be sideswiped by costlier repairs later.

Developing . . .