Kyla Scanlon is an economist, author, and influencer. She coined the term 'vibecession' in 2022 as a reference to the historically unprecedented mismatch between subjective consumer sentiment (or vibes) and more objective economic indicators like GDP, output, and wages. Scanlon wrote a subsequent book In This Economy?: How Money and Markets Really Work, which dove into the issue of vibes and economics, while at the same time serving as an excellent and modern economics explainer. Kyla and I had a fun and wide-ranging (if tech-interrupted) discussion about why the vibes are off and the challenges of using hard data versus being connected with the 'real world'.
Originally recorded on 19th November, 2024.
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