Why the recession is not gonna be over anytime soon

[NJ5]

Avinash_Tyagi said:
People are still eating out, going on vacation and buying cars (not American, but who can blame them), as well as dong the forms of entertainment that you mentioned, yes everything is depressed and people are looking for sales and good deals, but that is expected, it wouldn't be a recession if that wasn't happening, however it shows, that the economy isn't in a massive retraction that would indicate that things are going to get much worse, it just shows people are being cautious but not panicking.

It seems you're assuming that a severe contraction needs to be severe right from the start. No one is saying the sky is falling and there's misery everywhere, that's not what a prolonged and severe recession means.