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Bessent's Alphabet Soup Economy
Treasury Secretary Scott Bessent went on national TV and declared the K-shaped economy dead. In its place? A "C-shaped economy," where lower-wage workers are supposedly catching up to everyone else.
Dana and Anthony aren't buying it. This week they dig into Federal Reserve wealth data, corporate earnings split between luxury travel and dollar stores, and the three structural forces still pushing the rich higher while everyone else fights grocery inflation and 22% credit card rates.
The letter changed. The economy didn't.
Grab your coffee — the K is still very much alive.
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