The post-COVID economic recovery is K-shaped, with wealthy asset owners benefiting from monetary policy while lower and middle-income individuals face declining real income.

“what we have if if you look at the K the the danger is that you get cons you get cons what they call consumer sentiment is is actually very negative right now because it's There are many more people on the bottom part of the K than on the top part of the K.”

The United States is experiencing a K-shaped economy where a significant portion of the country does not participate in the prosperity enjoyed by those who own homes and stocks.

“We're definitely in a K-shaped um economy. I think we've been moving in that direction for for 30 years, not in a straight line, but but the trend has definitely been in that uh direction.”