Australia theoretically was never in recession and was going strong. So is the case with china. US is different. Other countries have decoupled from US. US is and will continue to be in deflation for a long long time while the US consumer which forms more than 70% of the GDP resets their balance sheets and habits.
CPI numbers and many others that are floated around are all made up as you probably know. Do you really think housing has bottomed out? Ever hear shadow inventory that banks have tucked under their belts? Check out zerohedge and other websites to get real unemployment figures that are more than 20% compared to the skewed numbers reported by the govt every now and then. And then you have about a million job number reset happening early next year.
Not sure if you are living in the US or not, but i don't see inflation in the US.