Bottom Of K-Shaped Economy 'Already in Recession,' Says Atwater

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Peter Atwater believes the US economy is experiencing a 'K-shaped' recession, where the top and bottom of the economy are diverging, with those at the top thriving and those at the bottom facing recession conditions due to affordability issues.

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Market impact analysis based on bearish sentiment with 69% confidence.

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Bearish
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69%

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Peter Atwater, president of Financial Insyghts, said that the biggest division is America is not on the left and right, it's up and down between those at the top and bottom of the US economy. For those at the top, the economy looks good and they are 'spending like there's no tomorrow.' But Atwater says Americans on the bottom are already facing recession conditions, as people struggle with affordability. (Source: Bloomberg)

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المقال الأصلي منشور بواسطة Bloomberg في نوفمبر 12, 2025.
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