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Hello, and welcome to another episode of the AdLots podcast. I'm Joe Wiesenthal. And I'm Tracy Allaway.

Tracy, so we're recording this Friday, June 30th. It really felt like this week a bunch of people kind of like declared victory on the economy or suddenly like there's been like something in the water, you know,

like they put LSD in the water or something like people are like feeling good. It is a good mood vibe.

Yeah, if last year we were all worried about the vibe sessions. So the idea that all these survey based measures were turning down even while activity was still relatively robust.

What are we going to call this one?

The vibe, what's the vibe expansion? I don't know. We need to get Carlos Scanlon on to come up with a term. But yes, the vibes shifted somehow this week.

Yeah, and it's interesting because a lot of the trends that we saw last year, you know, very low unemployment, you know, still some inflationary pressures, housing market relatively robust, those have just continued this year.

So not a lot has changed, but it definitely feels like people are more optimistic.

Yeah, right. Exactly. A bunch of people declaring that all the recession calls are null and void. The vibe session is over.

No, Smith had a blog saying that. And I think most notably, the White House sort of chose this week as a week to stamp out the success of what they're calling by nomics.

And they're basically, you know, we had the president and they're sort of saying, yes, this is the economy that the White House has planned for and designed and envisioned.

And so I think that's a sign they're kind of like in a position where they want to brag a little bit.

Yeah, they want to talk about it.

Yeah. And it is interesting in and of itself that the White House feels comfortable enough to choose this moment to kind of put a time stamp on the idea of by nomics and declare it an early success.

Yeah. And so I mean, obviously we know like it's a big component of it.

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