An economic vibe shift?
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 2 August 2023
⏱️ 28 minutes
🧾️ Download transcript
Summary
The economy seems pretty strong right now: Inflation is moderating and consumer sentiment is up. In other words, the vibes are good. So is it possible we’ve skirted a recession? Or that the “vibecession” is over? Also on today’s program: claims of a superconductor breakthrough, AI’s impact on voice assistants and calls to end “scholarship displacement.”
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Did you know the video game industry is worth more than $300 billion dollars a year, bigger than movies and music combined? |
| 0:07.3 | Marketplace Morning Reports' Skin in the Game series explores what this booming industry can teach us about the economy and jobs. |
| 0:15.1 | Listen to Skin in the Game and more from Marketplace Morning Report, wherever you get your podcasts. |
| 0:21.9 | In which the theme of the program is, no, come on. Seriously, this economy is pretty good. |
| 0:29.9 | From American public media, this is Marketplace. |
| 0:42.4 | In Los Angeles, I'm Kyle Rizdole. It is Wednesday, today the second day of August. |
| 0:47.2 | This could as always to have you along. Everybody, the Marketplace macroeconomic word, oh, the day today is vibes. |
| 0:55.8 | An explanation will be forthcoming in a matter of minutes, but to set the stage, some of the data behind said vibes. |
| 1:02.9 | Let us start with just one example, an update from the Institute for Supply Management on U.S. |
| 1:08.7 | Manufacturing for July, which included this line, this is a quote, |
| 1:12.8 | the prices index remained in decreasing territory at a level generally not seen since early in the coronavirus pandemic. |
| 1:21.3 | When, by the way, this is no longer a quote, you had to look really, really hard to find any inflation in this economy. |
| 1:28.8 | Marketplace's Mitchell Hartman gets us going with the data vibe. |
| 1:32.6 | I like it when an economist gives me an economic zeitgeist quote right at the top. |
| 1:37.5 | The economy continues to expand, but inflation pressures are easing. |
| 1:42.5 | Thanks for doing the heavy lifting bill, Adams, chief economist at Comerica Bank. |
| 1:47.6 | Adams says the latest ISM report on manufacturing confirms that the pandemic era dynamic of shortages of |
| 1:54.6 | everything causing inflation is behind us. Supply chains are functioning better. |
| 1:59.4 | Consumers are spending more on experiences and less on things. More supply, less demand. |
| 2:05.4 | And that's going to flow through to slower increases in manufactured goods prices or outright declines. |
| 2:11.6 | And that's good for the Fed getting inflation back to their target. |
| 2:14.8 | We're seeing this inflation dynamic play out in the auto industry, says Garrett Nelson at CFRA. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.