We are already in a recession. The S&P500 is propped up by a few companies, Gold is crushing stocks, job numbers are horrendous, and the private rate markets are telling us rates are going lower, fast.

Gold, a static commodity, outperforming stock indices is practically a shout from the top of a mountain that companies are doing terribly because they cannot produce returns greater than the inflation of commodity prices.

Look at how many treasuries the large banks are buying in anticipation of lower rates.

The corporate media and the Federal Reserve (of Public Relation) just want to paper over it long enough for the large players to get positioned before the rest of the market realizes it.

More likely, we're in a dual economy. Even McDonalds is noticing it: https://www.nbcnews.com/business/consumer/mcdonalds-high-pri...

For the next 50 years or so, we have to accept that the US is a housing-anchored gerontocracy, with younger people expected to be the underclass serving the elderly. There are no checks and balances against the elderly in the US government, and of course there never will be.