The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The K-shaped economy has frozen homeowners in place, as middle-income buyers can afford only 21% of homes on the market (down from 50% pre-pandemic). Homeowners are sitting on historic 3% to 4% mortgages that they absolutely refuse to surrender. Because inventory is virtually nonexistent, moving simply isn't an option for most. Since they can't move, we see them choosing to reinvest in their current homes instead. They can't buy up. They can't move. So they're renovating. 
On this episode, Alex Semenova and Tim speak with:
Mike Petrakis, Founder and CEO of PowerPay AND Philip Brenckle, West Shore Home CFO on The K-shaped economy has frozen homeowners in place
Madison Muller, Bloomberg News US Health Care Reporter On Lilly to Buy Three Vaccine Developers for Up to $3.8 Billion AND Ebola Vaccine From Oxford Covid Team Nears Production for Trials
Peter Atwater, President, Financial Insyghts on his latest: how we went from a K-Shaped Recovery to a full-blown K-Shaped American Experience
Dr. Michael Swanson, Chief Agriculture Economist, Wells Fargo Agri-Food Institute on agriculture prices, prices in the grocery aisle

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>. The K-shaped economy has frozen homeowners in place, as&nbsp;middle-income buyers can afford only 21% of homes on the market&nbsp;(down from 50% pre-pandemic). Homeowners are sitting on historic 3% to 4% mortgages that they absolutely refuse to surrender. Because inventory is virtually nonexistent, moving simply isn't an option for most. Since they can't move, we see them choosing to reinvest in their current homes instead. They can't buy up. They can't move. So they're renovating.&nbsp; On this episode, Alex Semenova and Tim speak with:
<ul>
<li>Mike Petrakis, Founder and CEO of PowerPay AND Philip Brenckle, West Shore Home CFO on The K-shaped economy has frozen homeowners in place</li>
<li>Madison Muller, Bloomberg News US Health Care Reporter On Lilly to Buy Three Vaccine Developers for Up to $3.8 Billion AND Ebola Vaccine From Oxford Covid Team Nears Production for Trials</li>
<li>Peter Atwater, President, Financial Insyghts on his latest: how we went from a K-Shaped Recovery to a full-blown K-Shaped American Experience</li>
<li>Dr. Michael Swanson, Chief Agriculture Economist, Wells Fargo Agri-Food Institute&nbsp;on agriculture prices, prices in the grocery aisle</li>
</ul>

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology. You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET: http://bit.ly/3vTiACF. 

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology.&nbsp;You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET:&nbsp;<a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.&nbsp;

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Navigating the K-Shaped Economy with Embedded Finance

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