Morning Brew Daily Are We Still In A 'Vibecession'? with Kyla Scanlon
Sep 2, 2024
Kyla Scanlon, author of "In This Economy" and a savvy educator, coined the term “vibecession” to describe the current economic climate. She elaborates on how consumer 'vibes' and emotions drive market dynamics, often creating a gap between positive data and public perception. Kyla shares insights on trends affecting the economy, the role of social media in economic literacy, and her unique investment strategies. Plus, she offers a glimpse into her personal experiences with economic disparities and even reveals her favorite poem!
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Vibes Drive Economics
- Vibes, short for consumer sentiment, significantly influence economic decisions.
- They reflect how people feel about the economy, impacting prices and markets.
Sentiment-Data Gap
- The gap between consumer sentiment and economic data is poorly understood. Structural affordability problems and negative media likely contribute to negative vibes.
Amplified Vibes
- Globalization and social media amplify the impact of vibes on the economy. Increased information access makes compartmentalizing economic narratives difficult.
