Billionaire Investor Palihapitiya: Misleading GDP Components Mask Economic Downturn Billionaire venture capitalist Chamath Palihapitiya claims the US economy is experiencing a “quasi-synthetic recession,” despite a 1.6% GDP rise last quarter. On the All-In Podcast, he suggested that over half of Americans perceive a recession due to potentially misleading GDP components, which include consumer spending, corporate and government expenditures, and exports. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Jamie Dimon Believes U.S. Debt Is the ‘Most Predictable Crisis’ in History READ MORE ING: Gold tops $2,500 for the first time READ MORE Jamie Dimon Sounds Alarm on Economy Amid Inflation and Fed Tightening READ MORE NYCB Sheds Mortgage Servicing Arm in $1.4B Deal with Mr. Cooper READ MORE Nigeria's Central Bank Raises Interest Rate to Tackle Inflation READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment