Comment by Fade_Dance

>If we did, it was seemingly mild in hindsight.

That's pretty much the consensus.

Also, remember that markets are most responsive to rates of change, which is an important angle to consider beyond the hard recession definition. It may have technically been a mild recession, but the rates of change in many areas were extreme and had some fairly catastrophic consequences (for example, fixed income/rate volatility getting so high that systemic risk skyrocketed and Fed intervention was required).