Reflecting on the 'Vibecession'

<p>Joseph Politano is an economist who runs a substack called Apricitas Economics. He blogs about the US and world economies. Late last year he was heavily involved in the debate about whether there was a 'vibecession'. This referred to the massive disconnect between subjective feelings about the economy and economic indicators like wages, GDP, and employment, mostly in the USA.</p><br /><p>We had a really interesting talk trying to understand this puzzle. However, after some controversy in chat I felt the need to add a disclaimer at the start of this re-upload to try and explain what we are and are not doing. The Vibecession is a puzzle in the data which needs to be explained; it's not us imploring you to be happy and thankful because everything is fine. Statistics can't speak to individual cases, but they are still the best hope we have for measuring the economy most of the time! </p><br /><p>Joey's substack is available here, pretty graphs and all: </p><br /><p>https://www.apricitas.io/</p><br /><p>Originally recorded on March 25th, 2024.</p><hr /><p style="color: grey; font-size: 0.75em;"> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color: grey;" target="_blank">acast.com/privacy</a> for more information.</p>