✉news BusinessMarkets first seen 8 h ago, last 2 h ago, peak #6
Economist Posen sees K-shaped markets in US and China
Original: U.S. has a K-shaped stock market, China a K-shaped economy: PIIE's Adam Posen
Adam Posen of the Peterson Institute for International Economics says the United States now has a K-shaped stock market, while China faces a K-shaped economy. In both cases he argues gains are flowing to one segment while another lags: US market returns concentrated among a narrow group of winners, and China's growth split between stronger and weaker parts of its economy, diverging rather than recovering together.
Why now: Posen's framing captures growing concern about widening divergence in both the US market and China's economy.
Adam PosenPeterson Institute for International EconomicsUnited StatesChina
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