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Title : I've seen some mockery of the 25-year-old NYT op-ed writer who referred to the "bad vibes" economy.
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I've seen some mockery of the 25-year-old NYT op-ed writer who referred to the "bad vibes" economy.

On August 4th, the NYT published "The Vibes in the Economy Are … Weird. Really Weird" by Kyla Scanlon, who opined:

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."

On July 29, Irwin was on an Axios podcast titled "Biden vs. the bad vibes economy."  There, he said:

I think what Chair J. Powell was saying at this press conference was very much the conventional wisdom of professional economists, which is that as of right now, we've had strong enough job growth, enough good things happening in the economy that this is not technically a recession yet. Uh, the question I asked and the question he answered was, do you believe we are currently in a recession? That's not the same thing as do you think we will be in a few months. Um, nobody's quite sure where this goes in a few months, but right now the, the jobs numbers and other, uh, numbers have been too strong. What matters is how Americans feel, how they're able to earn an income, live their daily lives, not have kind of soul-crushing inflation that saos [sic] away their paychecks. Until that changes, I think that the vibes, whatever we wanna call it, are still gonna be bad and the communications is a second order issue.

So I don't think "bad vibes" is the kind of talk you get when you let a 25-year-old speak. I think it's a phrase older analysts use too. In fact, "bad vibes" has been Boomer slang since the 60s.

Did Scanlon write a good enough op-ed to deserve to be in the NYT even though she's young? That's a question to be answered without down-rating her for saying "bad vibes."

As for the distinction between what the economy really is and what people feel it is — I will leave that to be bantered about by econ geeks. But I have the impression — I don't know but I feel — that the feeling about the economy is a big part of what the economy is. And those in power and those out of power will have different ways of talking about that as they try to influence economics and politics. 

They're all trying to influence, so is there any reason to put "economics influencer" in quotes when speaking about young Ms. Scanlon? Neither she nor the Times called her that. In fact, when I google her name and "economics influencer," I get little more than the Ace of Spades headline linked above. So the quotes are just scare quotes.

Thus articles I've seen some mockery of the 25-year-old NYT op-ed writer who referred to the "bad vibes" economy.

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