Vibecession -- April 9, 2024

Locator: 46966ECONOMY.

Link here.

Vibecession is a neologism that refers to a disconnect between the economy of a country and the general public's negative perception of it, which is mostly pessimistic. The term was coined by Kyla Scanlon in a June 2022 newsletter about Americans' view of their economy.

It is a portmanteau of the words 'vibes' and 'recession'. 

Where, when, and how the word was coined.

Kyla Scanlon.

I love JPow's quote, below:

I agree completely. 

I might have to read her book.

I understand how folks connect the dots and argue that the US government "printing" money leads to inflation.

I'm not convinced of that. But I understand how folks can connect the dots and arrive at that conclusion.

[Question: if printing money is the cause of inflation, why did inflation drop precipitously from early 2023 to early 2024 when government debt worsened, the deficit worsened, and all indications are that both will be worse a year from now -- and yet inflation is back down to its historic "norms" -- about two to three percent.] 

[Question: why does inflation vary from year to year, month to month, if inflation is due to printing money and printing money (as we understand it colloquially) continues to get worse over the past several decades?]

[Suggestion: this might be a good time to read three really, really good books on hyperinflation and the Weimar Republic. Printing money was "something that happened" but was not the cause of hyperinflation.]

This is the IMF (?) definition of inflation but the definition says nothing about what actually causes inflation. 

LinkedIn.

And yes, I've ordered her book. This is truly going to be a hoot.