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Barron's Streetwise

Small Caps, Chip Wars, and the K-Shaped Economy

Barron's Streetwise

Barron's

Business

4.8 • 1.5K Ratings

🗓️ 5 December 2025

⏱️ 25 minutes

🧾️ Download transcript

Summary

Jack searches for new market metaphors. A Bank of Canada economist sizes up US conditions. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Think about cheese.

0:01.8

Make your thoughts cheesier.

0:04.2

Now add 100% chicken breast fillet, Chipoplae sauce and amadea cheese melt.

0:08.3

And it's giving the new cheesy chicken stack at McDonald's.

0:12.3

Did we mention it's cheesy?

0:13.9

Cheese.

0:15.8

Availments at the 4th of Jan, 2026 from 11 a.m.

0:18.1

Plus and participation may vary.

0:19.2

Subjects availability.

0:20.4

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

0:27.2

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

0:32.4

lower end of the income spectrum. Has there always been a divide? Yes. But right now that wealth effect is just so pronounced.

0:40.5

What we're looking at is this K, you know, going from a lowercase K to an uppercase K.

0:46.0

Hello and welcome to the Barron Streetwise podcast. I'm Jack Howe. And the voice you just heard

0:50.8

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

0:55.5

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

0:59.9

There's a little K, moving toward a big K, could be a special K.

1:03.5

Have some banana slices ready just in case.

1:14.9

Listening in is our audio producer Alexis Moore. Hi, Alexis.

1:15.9

Hi, Jack.

1:16.8

Could this possibly be?

1:18.6

I saw something about the 300th episode.

...

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