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‘Vibecession’ Lives On As Poor Sentiment Belies Red-Hot GDP Tracker
"Kitchen table issues."
That's what Americans are concerned about, not so much which Chavistas are
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The GDPNow number is, I suspect, largely due to NX (net exports) which include a big fall in pharma imports and a big increase in precious metals exports. C (consumer spending) is driven by the upper leg of this K-shaped economy, so I suspect it looks okay-ish for now.
“The GDPNow number is, I suspect, largely due to NX”.. yeah, that’s why I included those lines and labels on the chart so people can see the inputs.