$20 Million Buyer Represents Low‑End Luxury Market
Meanwhile atop the K... “The $20 million buyer is the low end of the high end of the luxury market,” said Martha Gundersen, a Bridgehampton-based broker with Douglas Elliman. “That sounds ridiculous, doesn’t it?” https://t.co/aUHpokA7qG
EBay's Silence on GameStop Offer Is Puzzling
Am kind of surprised that eBay didn't respond to the GameStop offer with a simple statement that read "Not even half attractive nor half reasonable."
Virtue Bragging Erodes Leaders' Likability Among Subordinates
FWIW - Ironically, the more those at the very top extol their virtues the less likable they are likely to become to those at the bottom. Why? Because implicit in their virtues is a sense of extreme certainty and control those below...
K‑Shaped Economy Goes Far Beyond Wealth and Spending
FWIW - What people think the K-Shaped Economy is is just the tip of what the K-Shaped Economy is all about. Wealth, incomes, and spending just scratch the surface.
Why K‑Shaped Confidence Shapes Consumer Sentiment
With consumer sentiment all over the map, I'd like to recommend a guidebook to help you better understand why K-Shaped confidence really matters. https://t.co/bdCrYjHZV7
Card Volume Dip Linked to Reduced Airline Ticket Sales
FWIW - I suspect some of the fall-off in card volume reflects a drop in plane ticket purchases given the rush we saw following all the threats of higher prices from the major carriers.
Low‑Income Consumers Facing Cash Crunch, CEO Warns
"They’re literally running out of money at the end of the month,” Kraft Heinz Co. Chief Executive Officer Steve Cahillane said in an interview this week. “We’re seeing negative cash flows in the lower-income brackets where they’re dipping into savings" https://t.co/DGHOd4fe9L
Rising Markets Spur Push for Higher Capital Gains Taxes
The crowd won't like this but the more the market goes up, the more it encourages policymakers on both sides of the aisle to raise capital gains tax rates.
Budget Airlines: A Distinct Leg of the K‑shaped Economy
Think of them not as budget carriers but as another group on the leg of our K-Shaped Economy...
Semiconductor Returns So High They're Fully Conductors
Semiconductors? With these kinds of returns, I am surprised the group should be called Fully conductors. There's nothing semi about them.
Gas Surge Reinforces K‑Shape: Rich Forget, Poor Relive 2022
Required reading from @talmonsmith on the K-Shaped consequences of the latest surge in gas prices. While those at the top have long forgotten 2022, for those at the bottom, it's deja vu all over again.
AI Losers: Angry Anthems for the Disenchanted Bottom
Our late lunchtime garage band name - "AI Losers" - comes from the headlines. Current mood suggests that with some angry lyrics the group could be especially popular with those at the bottom of the K.
Disney Claims Gas
*DISNEY SEES NO CHANGE IN CONSUMER BEHAVIOR DUE TO GAS PRICE Which begs the question, "What if Disney is the happiest place on earth for just those on the arm of the K?"
K‑Shape Myth: Unequal Groups, Not Balanced Arms and Legs
When people talk about the K-Shaped Economy, they talk about its arm and leg. That characterization unknowingly suggests a reasonable equivalence in population between those on the arm and leg. Nothing could be further from the truth.
AI Spending Frenzy No Longer Raises Eyebrows
It's wild to think that at this point no one even blinks when a tech company announces it plans to spend another $50 billion in the AI space.