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Belle of the Ranch

Let's talk about whether a K-shaped recovery is Trump's fault....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 8 September 2020

⏱️ 7 minutes

🧾️ Download transcript

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0:00.0

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

0:04.1

economy and letters and the American dream, right? Okay, so ever since all this started, since the very beginning, economists have been talking

0:17.6

about the recovery and what it was going to look like, and they kept throwing out letters.

0:21.6

It's going to be a V shape, a W shape, a U shape, and now

0:26.1

they're throwing out K-shaped. That's bad. If you're watching this, that's probably bad for you.

0:36.6

So this isn't a Biden talking point.

0:40.0

Economists have been talking about this since at least August.

0:44.0

This isn't something new that Biden just made up.

0:46.8

It's been around.

0:49.7

A V shape is it looks like a V.

0:52.1

The chart looks like a V. There's a sharp decline and

0:54.8

then a sharp recovery. That's best case scenario. A W is when there's a sharp

1:00.6

decline, a little bit of a recovery that's sharp, another sharp decline, and then

1:04.7

it goes back up. It looks like a W. A U is when it drops and it stays low for a while, and then it comes back up.

1:14.0

A-K is when different sectors of the economy perform differently

1:21.0

and that appears to be what's happening. This is why there is a

1:26.0

disconnect between the president's talking points and what everybody's seeing.

1:31.8

You know the president and his buddies and what are you talking about it's seeing.

1:33.0

You know the president and his buddies are up there going,

1:36.0

the economy is doing great.

1:38.0

And everybody down here on the bottom is like, what are you talking about?

1:41.0

It's really not not this is why. So the sector

...

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