Well, that's one way to make an argument.
(1) Data define a recession.
(2) We are in a recession.
(3) The data don't show it.
(4) The data must be wrong.
Obviously what we need is a new definition. May I suggest, "Misery Index"?
But the data do show a recession by every definition except ONE.
And that ONE is being propped up by rampant inflation in those sectors.
The data is dead correct. The only problem is those folks that chose to use a definition of recession that suits a specific fiscal/political purpose [and that is NOT a Dem/Rep thing, it is a government thing].
When you get into complex economic models, you find standards that worked well in 1950 might just not work so well in 2006. Technology pushed the reaction time of economic processes from days and weeks to nanoseconds. Economists, Brokers and commodity traders have moved well beyond those 1950-60 definitions of what is a recession, what a world market looks and acts like.
Governments are less likely to change which is why we see minuscule incremental Inflation Numbers being announced from BLS yet see 280% increases in gas prices in 7 years and 135% commodity food prices in the same time frame while the "official" inflation increase for the 7 year period is 19.32%. Do a calculation of ANY consumables that you buy now that you also bought 7 years ago and see how many are less than 120%.*
You will get a very nice break on your search with our $5Trillion Trade Deficit but you will still be surprised.