‘Numbers don’t lie’: Kevin O’Leary says there’s no evidence of a recession right now

There is no evidence that the U.S. economy is about to fall off a cliff.

He told CNBC's "Squawk Box Asia" that he wasn't saying we wouldn't get one.

He said there was no data, no evidence, and no inclination on the consumer to slow down.

Commercial kitchens, wireless charging, gym equipment, and greeting cards are just some of the sectors the chairman of O'Shares has invested in. He didn't see any indication of a recession.

Each week, I look at their tear sheets. He was referring to a document about a company. I think I will be one of the first people to view it. In the coal mine, I am a canary in the coal mine.

Consumption is doing well at the moment, according to him.

Despite strong consumer spending, the U.S. GDP declined in the first quarter.

It is difficult to predict a recession.

The US economy has been added to from a helicopter into the hands of consumers and businesses all over the land.

The amount of money pumped into the system is unprecedented.

He said that he is not in the camp that says a dramatic recession because he deals with numbers every week.

I don’t believe we’re into a wicked recession yet. Not yet.

Technology has increased productivity.

The direct-to- consumer model is being used in every sector of the economy, which means higher gross margins and more customer data for companies. It is more efficient and productive according to O'Leary.

He said that those who are saying we will get a massive recession could be wrong.

The investor on the show said that he was leaning on the side of a soft landing.

Everyone thinks the central bank is out of control, but he thinks the Fed Chair is doing a good job balancing inflation and employment.

Even if there are signs of a downturn, the risk is already baked into the share prices.

He said that some private companies he has invested in have had "spectacular quarters."

He doesn't know when the economy will slow down.

I don't like talking heads. The heads tell me what they think will happen. The numbers are important to me. Numbers don't tell the whole story. Cash flow is real. He said that he cared about that.

Talking heads are loud. He said that cash is a form of money.

Some people disagree.

The U.S. is close to a recession and there will be no growth in the second quarter, according to a former Fed governor. Two consecutive quarters of declines is a definition of a recession.

We are looking at no growth for the second quarter. He told CNBC that the smallest negative influence will cause a technical recession.