K-shaped economy

Gaius · 2024-09-11T18:13:24.872Z

A LOT goes into relative stock prices, (not just the relative health of rich consumers vs that of poor consumers,) but this chart has been appearing in my X feed a lot lately so I though I’d pass it along. . . .

. . . . and add "Yes, since the economy is k-shaped we would expect to see this sort of thing.:

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Nemesis · 2024-09-11T18:33:21.372Z

Why would anyone compare two vastly different businesses? Ferrari manufacturers high end sports cars for motor racing and wealthy individuals?

Gaius · 2024-09-11T18:49:41.537Z

Nemesis:

Why would anyone compare two vastly different businesses? Ferrari manufacturers high end sports cars for motor racing and wealthy individuals?

Yes, taken by itself it is a pretty weak/poor example.
It probably became popular because of recent statements from CEOs of Dollar General, Walmart etc.

It’s not terribly hard to find other evidence though.

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FreeAndClear · 2024-09-12T12:44:40.256Z

That second one sounds a little communisty