The Vibecession: The Self-Fulfilling Prophecy

Are we manifesting a recession?

there is a lot going on and no one really knows what is going on

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Also a note - I know that there is too much going on to even begin to process what is happening, and I am hoping to talk about *why* some of the stuff feels so weird and bad in this piece. I sincerely hope that you are doing okay.

The Vibecession

All the central banks had a big hangout where they were essentially like - “wow the entire economic regime is shifting from low-inflation to whatever this is”. Jerome Powell said at the meeting - “We understand better how little we understand inflation” and I think that encapsulates monetary policy (and a lot of other things) well right now.

• As Peter pointed out, inflation went from an unknown unknown (Rumsfeld’s we don’t know we don’t know) to a known unknown (Rumsfeld’s we know we don’t know), with the core point - we don’t really know what is going on.

The only certa…