There is no recession yet. Right now we are in a “vibe-cession” of sorts — a period of declining expectations that people are feeling based on both real-world worries and past experiences. Things are off. And if they don’t improve, we will have to worry about more than bad vibes.Instapundit quoted the Ace of Spades take, "New York Times Publishes Op-Ed From 25-Year-Old Female 'Economics Influencer' Absolving Biden of Blame for Economy and Instead Putting It Where It Belongs: On the 'Bad Vibes' The Public Is Putting Out About the Economy, Man."
I'm only writing about this to say that the 25-year-old did not introduce this "bad vibes" take to the NYT. The NYT has a senior economics correspondent named Neil Irwin, who writes at the NYT page called The Upshot. Last December, he had a column called "What We Learned About the Economy in 2021/For once, the government tried overheating the economy. For better and worse, it succeeded."
In surveys, Americans are remarkably unsatisfied with economic conditions. The growth numbers have been good. The vibes have been bad."