-The U.S. economy could be in a “boomcession.” - A portmanteau of the words “boom” and “recession,” the term can help explain why many Americans don’t feel the economic growth appearing on paper. Welcome to the “boomcession.” The term is a portmanteau of the words “boom” and “recession.” It highlights how the average American doesn’t feel like they’re reaping the benefits of an economy that is — on paper — humming along, according to creator Matt Stoller. Economic output and the stock market are surging, consumers are spending big and the post-pandemic recession that many expected never materialized. But many...