In 2020, after the COVID-19 pandemic shut down the US and world economies, various gurus were discussing what type of economic recovery we should expect. At first, the debate was between proponents of the 'V'-shaped recovery and the 'U'-shaped recovery. Later, other letters were added, including the 'W'-shaped recovery, and of course the 'L'-shaped recovery, which was my prediction at the time.
And then, along came the concept of a 'K' shaped recovery, namely the idea/observation that a portion of the population was doing extremely well through the pandemic, while another (larger) group was going down the tubes.
With governments entirely co-opted by Washington, DC lobbyists (aptly enough, based on K Street), this idea took flight, and this blog is dedicated to exploring the implications of this epochal transfer of wealth from the many to the few.