Well, howdy there, internet people, it's bell again. So today, we're going to talk about Trump's

K-shaped economy turning into an E-shaped one. Okay, so since January, we've started to see a change

in the economy, and a new term is starting to show up in economic circles.

That prompted this question. What's an e-shaped economy? Economists make up new terms and just expect us to know what they mean.

When you Google it, it defines it as an economy that features affluent consumers driving growth,

a struggling lower income group, and a strained middle class.

That sounds like the status quo to me.

Okay, so for months, we've heard and talked about the K-shaped economy, which simply put, means

that the rich are getting richer and the poor are getting poorer.

So the rich keeps spending and they're the upward-directed part of the K, and the poor

slow their spending representing the downward part.

In this version of the economy, a large portion of what's left of the middle class in this country

behaves like the rich.

What's being called an E-shaped economy occurs when that portion of the middle class

realizes they aren't actually rich and starts

behaving like their middle class. So instead of two parts of the economy existing, one

going up and one going down, there are three. The rich at the top part of the E keeps spending

because, well, they're rich. The middle class becomes the top part of the E keeps spending because, well, they're rich.

The middle class becomes the middle part of the E,

and they start pulling back, looking for deals, and slowing on spending.

Sometimes they get called the Costco economy.

Those at the bottom continue being at the bottom bottom and typically end up taking on more debt.

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