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 Fed Is ‘Not Far’ From Confidence Needed to Cut Rates, Powell Says READ MORE The Ticking Debt Bomb: How to Safeguard Your Investments from the Inevitable READ MORE S&P 500 Nears Record High, Metals Shine Amid Dollar Dip READ MORE Crude Falls as Israel-Hamas Ceasefire Talks Progress READ MORE Elon Musk Sounds Alarm on U.S. Fiscal Health as Debt Interest Consumes Tax Revenue READ MORE Add a Comment Cancel replyYour email address will not be published.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