Author Kyla Scanlon discusses the 'vibecession' misconception, Red Lobster bankruptcy, and stock buybacks. The hosts analyze public perception vs. reality in economics and market performance. They also explore personal finance, shrimp bankruptcy, and share buybacks. Plus, they delve into stock buybacks, dividends, economic shifts, land use reforms, Nvidia's market cap, and Ethiopia's transition to electric vehicles.
The concept of 'vibecession' discussed, highlighting the disconnect between perception and reality in the economy.
Exploration of the factors contributing to Red Lobster's bankruptcy, emphasizing it's not solely due to shrimp.
Deep dives
$5 McDonald's meal bundle deal
McDonald's is introducing a $5 meal bundle deal that includes a small drink, small fry, four-piece nuggets, and a choice of a McDouble or McChicken sandwich, in response to increasing fast food prices.
Local Land Use Reforms Reporting
The Yimby Act unanimously approved by the House Financial Services Committee mandates localities receiving federal funds to publicly report on 22 land use reforms, empowering activists and citizens with data to hold local officials accountable.
Nvidia's Market Capitalization
Nvidia's market capitalization reaches a staggering $2.579 trillion, surpassing the entire German stock market valuation, highlighting the significant growth and value of the tech company.
Ethiopia's Electric Vehicle Adoption
Ethiopia showcases a 10% adoption rate for electric vehicles in its auto fleet, moving towards banning the import of internal combustion engine vehicles to combat rising fossil fuel costs and accelerate the transition to electric vehicles.
This week, Felix Salmon, Emily Peck, and Elizabeth Spiers are joined by Kyla Scanlon, author of the new book In This Economy?: How Money & Markets Really Work to talk about the disconnect between reality and perception that lead what she calls a “vibecession” – wherein many believe we’re in a recession that isn’t actually happening at all. Also: The many reasons that may have led to Red Lobster’s bankruptcy – it’s not not because of shrimp – and Kyla helps answer a listener's question about stock buybacks.