A 'K-Shaped' Economy Has Investors On Edge. BofA Says It May Hold Up.
A growing chorus on Wall Street is warning that the US economy is becoming increasingly K-shaped.
Recent
Peter Schiff Blasts Trump’s ‘Booming Economy’ Claim, Warns US Output Is ‘Going Bust.’ Here’s The Problem And What To Do
President Donald Trump has repeatedly touted the strength of the U.S. economy, recently insisting that “our economy is booming (1).”
'A Very Close Call'
Economists say long-awaited September jobs report complicates Fed rate cut path.
US Labor Market Gained 119,000 Jobs In September As Unemployment Edged Up Slightly
The US economy added 119,000 positions in September, data from the Bureau of Labor Statistics showed Thursday.
A Recession Is Brewing At The Bottom Of The K-Shaped Economy
The post-COVID recession that never arrived still hasn't come. But that doesn't mean Americans are in the clear.
El-Erian: Low-Income Americans Are Near Recession, Putting Rest Of Economy At Risk
Mohamed El-Erian, chief economic adviser at Allianz, is warning that lower-income Americans are under "significant pressure".
Bank Of America: Nearly One-Third Of Low-Income US Households Are Living Paycheck To Paycheck
More Americans are living paycheck to paycheck, largely because lower-income earners spend most of their money to cover essentials.
