I didn't downvote, but reading your comment reminded me of the denials some have made about a 'recession' and finding more excuses to deny and wait for the official 'figures'. By the time they are released, it is too late.

I still stand by what I said about already being in a recession months ago since November, in this classic comment: [0] but then one said:

   "No. That is completely false. We are most certainly not in a recession. Nor did one start in November. You can check the Fed data here and verify you claim is false"

   "The economy is considered to have entered into a recession if it experiences a decline in GDP for two consecutive quarters. And that has not happened."

Now that in [1] the US GDP fell again in the 2nd quarter, the top comment in [1] (and many others) mostly all talking about a recession.

So those in [1] still waiting for the official figures by the Fed, NBER, etc which those are lagging indicators to tell them it is too late? I don't think businesses would like the sound of that.

Really unsurprising, that all of this is happening. The time to prepare was November.

[0] https://news.ycombinator.com/item?id=31441710

[1] https://news.ycombinator.com/item?id=32263444