Canada apparently is in a technical recession and the Liberals can’t seem to admit that is where we are. What is the definition of a recession? Well, it’s where the economy has a drop in economic growth for 2 consecutive quarters, a quarter being 3 months, that means 6 consecutive months of no economic growth.

I think of it in terms of buying ice cream in a waffle cone. I was going to use a pregnant analogy, but thats a separate discussion.

Alright, yes I bought the ice cream. Got it in a waffle cone (which I never do, I prefer my ice cream in a bowl with a spoon). When I do get a waffle cone, I bite the bottom and make sure the entire cone is filled with ice cream, a little negative pressure does the trick… I suck on the bottom, cone full.

As I wander around, the top begins to melt, analogous to the economy shrinking, no big deal. It’s just a little and I can manage that, I might lose a little ice cream, (money, jobs due to inflation). But losing ice cream.

The second thing that happens, quarter 2 let’s say, is my ice cream begins to melt out the bottom through the hole. I did my best to make sure the cone was full, but, the hole is now contributing to more leakage, the economy, my amount of ice cream, is shrinking. I am in an ice cream recession.

Or am I in a technical ice cream melting phase? I’m losing ice cream top and bottom, I’ll just lick the top faster and put a napkin over the hole in the bottom. There, stopped the melting. I now have my ice cream flow under control and have my loss of ice cream heading in a positive direction.

I no longer have technical melting, in fact by stopping the flow, I am conserving my ice cream and the mess is diverted. Nothing to see here. I am heading in a direction where I conserve my ice cream and don’t acknowledge it’s melting.

I can now call it a conserved ice cream flow and I am moving in a positive ice cream direction and will see results of my hard work and diligence very soon! It is actually a good thing this ice cream flow, after all, I can blame it on climate change and be so excited that my ice cream flow will be taxed to ensure such a disaster will not occur in the future.

In economic terms, by definition, yes, technically we are in a recession in Canada. But… according to the government, it’s small and nothing to see here. The government is not going to acknowledge that we are in a recession (technically and by definition). We will see growth, soon, trust us.

And meanwhile the ice cream continues to melt