The us has already been in recession off and on since early 2022. There were 2 quarters of negative growth (4th of '21 first of '22) Which should have been called a recession. But in the usa it is only a recession if it gets announced as one by the National Bureau of Economic Research (founded by the Rockafeller and Carnegie foundations who got their money from the murder of union members and other gangster capitalism) They just said “well technically it is a recession but this one isn’t really for reasons.” Then biden pumped up the numbers with the chips act and stuff. (economics is just an occult practice. The NBER is just like the priests who decipher the Oracles at Delphi and just as will to change the rules to fit their personal interests.)

At least 25% of america’s GDP is just people handing ownership of companies back and forth and calling it “productivity.” (Financial services were excluded from GDP calculations until 1993. The change brought false confidence which propped up the dot com bubble and made the crash all the harder.)

Real production in the usa has been in decline since the late 80s and “financial services” have more than made up the losses. Wall street bankers trade the hollowed out husks of american industry back and forth charging more and more each time. (This is why the idea of buying bitcoin doesn’t seem insane to them. When you have spent decades trading companies whose material output has nothing to do with their “productivity” or value measured in dollars, the idea of trading something with no material production doesn’t sound far fetched on the contrary it sounds great because there are no pesky real world factors to get in the way of “economics.”)

So whether the usa will go into recession “officially” or not is kinda irrelevant. Things will get worse for the working class. The bourgeoise might make a stink and claim they are losing tons of money but their power over the working class will just continue to grow.

It already was in recession. Don’t pay too much attention to the stock market numbers. They were always “fake” to begin with. If the stock market can “lose” billions in days, then it can also suddenly “gain” billions, because it’s all artificial. It’s just a reflection of the “confidence” of capital in the present state of the markets. Pay attention to the objective and material reality: the availability of goods and services, the prices of basic goods, real employment, productive capabilities, etc.

if it wasn’t in one already, it’s certainly headed to an hyper recession right now.

We have been in one for awhile. It’s just theyre gonna make it worse now.

Consumer sector is even worse than asset sector

Yes

The stock market has fallen, but a recession is called when the Gross Domestic Product falls for two quarters in a row. We might be in the beginning of a recession, but we won’t know until after the data is collected.

That the stock market has dropped so much isn’t a good sign, as the stock market is usually a leading indicator on how the rest of the economy is doing since it is easier to calculate a basket of stock prices than the GDP of a country.