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Terry Savage: The 'Special K' theory that explains our economy
Savage says the recovery is creating clear winners and losers as wealth gaps widen and consumers face different pressures.
- Investment advisor Terry Savage describes the current economy as 'K-shaped,' using the Kondratieff Wave theory to explain how wealth disparity persists despite economic growth.
- The Kondratieff Wave theory posits that economies experience recurring phases of high growth followed by stagnation, repeatedly disrupting jobs and societies while creating new opportunities.
- Technologies like steam power, electricity, and the internet transformed America throughout history, replacing old industries with new systems of production during each transformative period.
- Savage identifies the current era as defined by Artificial Intelligence, with data centers demanding significant resources to support this transformative technology's growth.
- Followers of the Kondratieff Wave theory believe we are entering a new cycle where adapting to change and harnessing new technologies is necessary for prosperity.
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24 Articles
24 Articles
The Billings Gazette+23 Reposted by 23 other sources
Terry Savage: The 'Special K' theory that explains our economy
We’ ve all heard references to a“ K-shaped” economy. It’ s an image that reflects the growing wealth disparity in America. Those on the upward pointing arm of the“ K” are seen as the wealthy investor class.
·Billings, United States
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Total News Sources24
Leaning Left3Leaning Right0Center21Last UpdatedBias Distribution87% Center
Bias Distribution
- 87% of the sources are Center
87% Center
13%
C 87%
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