Our wallets may be telling us we're already in a recession, but officially we're not there yet.

The National Bureau of Economic Research's definition of "a significant decline in economic activity that is spread across the economy and lasts more than a few months" has enough wiggle room and gray area to push a formal declaration further out into the future. Though a number of economic indicators suggest a recession will hit sooner rather than later, we may have just gotten our clearest sign yet the good times could be over.

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Source Fool.com