K-Shaped Economy Fuels Luxury Boom: 10 Stocks To Watch Now - Compagnie Financiere (OTC:CFRUY), Deckers Outdoor (NYSE:DECK)

Economist behind K-shaped economy sees a 'sea of despair' for the bottom 90% and a 'crisis of confidence' in the American dream

Peter Atwater, adjunct professor of economics at William & Mary and president of Financial Insyghts, knows a thing or two about the K-shaped economy. Anonymous Twitter user “Ivan the K” introduced the idea of a “K recovering” following the pandemic, a gloomy outlook where some elements of life before COVID would recover, while some will not. Atwater popularized it. Atwater credits Ivan the K for the coining the term, but said he was the first to…

K-Shaped Economy Fuels Luxury Boom: 10 Stocks To Watch Now - Compagnie Financiere (OTC:CFRUY), Deckers Outdoor (NYSE:DECK)

Luxury spending surges in the U.S. as wealthy consumers drive demand, even while mass-market sentiment and job prospects deteriorate sharply.

In America’s K-Shaped Economy, The Rich Are Getting Richer While Almost Everyone Else Is Getting The Sharp End Of The Stick

Pundits have been talking a lot about America's "K-shaped economy" lately, but most average people on the street have no idea what that means.  Basically, it means that the wealthy are getting even wealthier while