'The G-shaped economy': A market vet says the driving economic force in the US is old vs young

Cristian Lourenço/Getty Images Economists often describe the economy as K-shaped, but one market vet sees it taking a different form. Ed Yardeni says the US economy is G-shaped, describing a dynamic between boomers and younger Americans. Baby boomers are increasingly propping up growth, spending liberally and helping their children and grandkids. We may have to thank the baby boomers for the strength of the US economy. The economy is often said to be in the midst of a K-shaped divergence, ...