Though I’m certainly not the first to make this observation, it looks like the “vibecession” is over. The term was coined in June 2022 by multimedia economic analyst Kyla Scanlon (drawing on Keynes but also the poetry of Charles Bukowski), who defined it as “a disconnect between consumer sentiment and economic data. So basically, the economy is doing fine, but people are absolutely not feeling fine.” By recent measures, people are starting to feel somewhat finer, if not bounce-off-the-walls fine. The Conference Board’s consumer confidence index rose 6.8 points in January to its highest level… Read More