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K-Shaped Economy: Reality Or Media-Driven Perception
K-Shaped Economy: Reality Or Media-Driven Perception
Authored by Lance Roberts via RealInvestmentAdvice.com,
“What the K-shaped economy gets right, what it exaggerates, and what believing the worst version is costing a generation.”
The bottom half of American households owns about 2.5% of the nation’s wealth. That number is real, and it ought to bother you. However, that number is also higher than it was in 2019 and 2015, and roughly six times higher than the 0.4% low it hit in 2011. You will not read that in many places because it doesn’t “fit the narrative.”
Unfortunately, the...
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Continuing Jobless Claims Hit 3-Month-Highs
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The number of Americans filing for unemployment benefits for the first time fell from 230k (4 month highs) to 226k (vs 225k exp) last week - elevated but still within the range of the last four years...
Source: Bloomberg
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