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 U.S. Shoppers Defy Expectations: July Retail Sales Exceed Forecasts READ MORE Anticipation Ahead of Fed Meeting Leads to Decline in Treasury Yields READ MORE Gold Soars to New Heights as Markets Await Powell's Jackson Hole Address READ MORE World Bank Forecasts Bleak Economic Outlook: Worst Growth in 30 Years READ MORE Record Gold Prices Fuel Modern-Day Gold Rush READ MORE Add a Comment Cancel replyYour email address will not be published.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