I am quite new to the crypto, investing, economy and all that...so far really got interested in about a year ago. So far what I see is lots of lack of similarities in opinions of youtubers, blogers and mass media. Some sources are shouting like creasy that a great recession is coming and it will hurt everyone so bad like never did. More moderate youtubers are doing some analysis and basically what they saying is, well there could be recession, and that is ok, this is how you get markets cleaned up. And there is third part that says, no everything is ok... unemployment is high, GDP is rising so technically we are not in a recession.
So the question is, what is going on there, are we really heading to recession? (or this is how markets work, so that people always speculate? )
I dont know if there is a special meaning for recession in economics. If there is no special meaning for recession I can say that we are already facing recession in my country. what you will buy with $5 today in two months time you can no longer buy it with $5, this was not like this before. Many things has changed and the price of commodities keep going up everyday in other side of the story, fiat currency keeps crashing everyday. This is recession or inflation whatever it is called it is obvious that the economy is at greater danger