Fast Company: Treasury Secretary Scott Bessent: ‘K-shaped economy is over’ and I’m ‘sick of hearing’ about it

Peter Ricchiuti, senior professor of practice in finance and research director of Burkenroad Reports, was interviewed by Fast Company about Treasury Secretary Scott Bessent's comment to CNBC that "the K-shaped economy is over."

“The K-shaped recovery is still here. Most economists see the gap widening,” professor Peter Ricchiuti of Tulane University’s A.B. Freeman School of Business tells Fast Company. “Those who own big positions in stocks and own homes are benefiting from soaring prices. Those struggling are having the dickens of a time.”

To read the article in its entirety, visit fastcompany.com:

https://www.fastcompany.com/91586337/treasury-secretary-scott-bessent-k-shaped-economy-is-over