deddog said:BusterAg said:deddog said:
Nothing else he does is going to matter if the economy is K shaped and no better than Bidens
Do you have any actual, thoughtful analysis on the K shape of the economy?
I have heard this three times today, which means it is an ActBlue talking point, and have seen zero analysis to back it up.
Was this concept dreamed up by Ray Perryman by any chance? Paul Krugman?
My first reference to this was from a very conservative poster on the business board. And it tracks with what i've seen in the market in the last 4-5 years.
Tech is the best example. If you are with a company riding the AI wave, its great (NVDA, OpenAI, AI jobs within big Tech). If you aren't then things are absymal. Unemployment is low. Great. But job mobility is non-existent, and that's problematic. Economy is doing well for some, absolute dog**** for others.
People voted for Trump because they were tired of Biden's ***** Economy needs to get better for everyone. And he's running out of time to deliver.
Reducing illegal immigration is one of the things he's done right, and needs to double down on. If OP article is true, that's a big misstep.
Right or wrong it's also being used to separate people coming into this latest economic era into the upper K groups who already had investments and are doing really well in the stock market while younger and/or poorer folks are not (lower K) because the economy has pretty much separated from the stock market at this point. IOW, the base economy is not doing enough to help people get to the upper K.
I think this is partially true. However, what doesn't get pointed out in most of the articles I read on it is that this is partly just a function of compounding interest. If I've been in the market longer than you by several years, then I'm naturally going to pull away from you with greater acceleration. We also have more millionaires than we've ever had due to the liberalization of investment laws and rules. Anyone can invest on their own now. There are zero barriers to entry with it.
It's a complex topic.