What is a ‘K-shaped’ economy, and what’s causing the divide?

    https://finance.yahoo.com/personal-finance/banking/article/what-is-a-k-shaped-economy-and-whats-causing-the-divide-213458866.html

    Posted by coinfanking

    5 Comments

    1. HumongousBelly on

      What is causing wealth disparity?

      Maybe tax breaks for billionaires, tariffs for average Janes, government shutdown and the culling of essential programs like aca, snap etc?!

      Or maybe summarized: that fat orange fuck and that shameless liar Mike „microdick“ Johnson dangling on his balls.

    2. oregon_coastal on

      At this point, our economy is so concentrated at the top, we could enter a depression and other than all the homeless people they see, the top 10% wouldn’t even notice.

      It is unfortunate. But those are the policies we have intentionally followed for 50 years.

    3. Heard from an investment banker who lamented that the economy is, indeed, fucked. It’s currently being sustained by the top 15%, with everyone below broke, about to be, or soon starving. But, hey, Elmo is gonna be the first trillionaire, so his fanboys are stoked.

    4. I think we all know a market correction is coming but I’m supremely skeptical that any one person will predict it. It will also probably happen without much fanfare, there could be many moments in succession, but I think every media outlet and content creator and their mother wants to be the voice that calls it like Bob Costas and that’s going to annoying for quite a while.

    5. mckenzie_keith on

      Increasing financial well-being for the upper echelon and decreasing financial well-being for the lower echelon. One line going up and to the right depicts the positive trend for rich people. The other line going down to the left depicts the negative trend for everyone else. This is thought to look like the diagonals on the letter ‘K’.

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