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Hi, it's Jack Howe. Don't think of this episode on the K-shaped economy, originally recorded back in December as a rerun. Think about it as me, recharging my batteries, so I can come back and dazzle in our next episode together while you hear about this topic that's still very relevant for the economy in the stock market. And if you haven't listened to

this episode before, it's an opportunity to fill in that hole that you've felt in your life,

probably an S-shaped hole for sad, but not for long. Thanks and see you soon.

What we're seeing is a divide in kind of the sentiment, the feeling, the economic prospects,

and the divide is between those who are on the upper income end of the spectrum versus

those on the lower end of the income spectrum. Has there always been a divide? Yes.

But right now that wealth effect is just so pronounced, what we're looking at is this

K, you know, going from a lowercase K to an uppercase K.

Hello and welcome to the Barron Streetwise podcast.

I'm Jack Howe and the voice you just heard is Mike Reed.

He's an economist with the Royal Bank of Canada.

Focused on the U.S., he's going to talk to us about the K-shaped economy.

There's a little K, moving toward a big K, could be a special K, have some banana slices ready just in case.

Let's see. banana slices ready just in case. Listening in is our audio producer, Alexis.

Hi, Lexus.

Hi, Jack.

Could this possibly be?

I saw something about the 300th episode.

Is this number 300?

...