It depends on the definition used. Can you give any data...real data...that proves we are in a real depression based on the traditional definition?
That is the problem. The “traditional” definition does not fit the economy today. In addition the spending of untold trillons by the Government skews the real situation (deliberatly). If everything was counted the same was as in 1932 and adjusted for inflation we would see numbers that are worse than any before. I will give you one. The real UE is 21% and rising; using the definitions from the 30’s. BTW classic econ says you do not know until it is over. So only time will tell - except that the Government will lie about it then.