This is so far the best joke from FED heard this year. t.co/F0ff1MWtO9
— GregTheAnalyst (@Analyst_G) August 28, 2020
MESTER SAYS SHE UNDERSTANDS CONCERN THAT LIQUIDITY FROM FED IS FUELING STOCK MARKET GAINS BUT SHE DOESN'T FEEL FED IS CONTRIBUTING TO AN ASSET BUBBLE – Reuters News pic.twitter.com/a1VLgNuy3F
— fiatcurrency (@fiatcurrency) August 28, 2020
The truth is if the Fed is aware its policies are blowing an asset bubble they could never admit it.
— Sven Henrich (@NorthmanTrader) August 28, 2020
One more thing: When was the last time FED recognised there is a bubble?
— Sunchartist (@sunchartist) August 28, 2020
In complete denial or outright lying.
You choose.
Thanks @MelissaLeeCNBC for asking the question and getting her on record. t.co/pc5HgCLOwn— Sven Henrich (@NorthmanTrader) August 28, 2020
In the USA, there are now more people in the top 1% — AND more people in the bottom 50% — than ever before.
Distribution of Household Wealth in the U.S. since 1989 via @FederalReservet.co/I9AkuBoble pic.twitter.com/Er6YHX0Scq
— Barry Ritholtz (@ritholtz) August 28, 2020
Imagine if a politician ran on the Fed's policies: a tax hike (inflation) of 2% / yr every single year. Endless asset bubbles for the Top 10% that it's own research shows never trickles down. Backdoor bailouts to Wall St + Congress. 0% rates = now need 5x more savings to retire pic.twitter.com/Zop6jWdF6E
— M/I_Investments (@MI_Investments) August 28, 2020
Next crash and Powell will be begging Congress for the Fed to buy stocks directly.
And Congress will give the green light.— Sven Henrich (@NorthmanTrader) August 28, 2020
We Need Someone At The Fed Who Understands Stable Money: Forbes
“Stable Money” is the principle that the United States used, in its monetary affairs, for nearly 200 years, before the floating currency era began in 1971. It worked: the U.S. became, in that time, the wealthiest country in human history, with the broadest and most prosperous middle class…