It is all right to call it a K shaped economy but' if it were me i would call it a economy were the rich get richer an the poor get poorer.I said it before the baby boomers are really the only reason this economy is not going south in a hurry.Believe me a government run with only Chaos as a rule of thumb will not work an you loose a lot of allies.
You jumped the gun on this article (I just saw that the latest jobs data was released this afternoon). I am starting to get worried with the job losses. So far, the market is beating up Tech stocks and bit coin, but the attention may soon turn to job losses and unemployment. I'll be looking forward to next month's Better-Off index.
Solid breakdown of the divergence problem. The stock-driven gains masking stagnant wages and housing costs is excatly why aggregate indices miss the distribution story. I tracked similar patterns in 2019-2020 where headline numbers looked decent but median household exposure to equities was around 50%, meaning half the populaton sees zero benefit from market rallies.
Where do you find the data showing portion of households that benefit from a stock rally? Gallup says 62% of household own stocks in some form but the portion benefiting from a rally is obviously way lower than that. I'd love to get a ballpark way of measuring that!
It is all right to call it a K shaped economy but' if it were me i would call it a economy were the rich get richer an the poor get poorer.I said it before the baby boomers are really the only reason this economy is not going south in a hurry.Believe me a government run with only Chaos as a rule of thumb will not work an you loose a lot of allies.
You jumped the gun on this article (I just saw that the latest jobs data was released this afternoon). I am starting to get worried with the job losses. So far, the market is beating up Tech stocks and bit coin, but the attention may soon turn to job losses and unemployment. I'll be looking forward to next month's Better-Off index.
Ooops. That was the ADP report. Not always accurate.
Solid breakdown of the divergence problem. The stock-driven gains masking stagnant wages and housing costs is excatly why aggregate indices miss the distribution story. I tracked similar patterns in 2019-2020 where headline numbers looked decent but median household exposure to equities was around 50%, meaning half the populaton sees zero benefit from market rallies.
Where do you find the data showing portion of households that benefit from a stock rally? Gallup says 62% of household own stocks in some form but the portion benefiting from a rally is obviously way lower than that. I'd love to get a ballpark way of measuring that!