Bazooka Jay? Fed’s Bazooka Benefits Equity Investors, But Not Bottom 60% Of Earners

by confoundedinterest17

Between the financial crisis in 2008 and the Covid crisis in early 2020, The Federal Reserve has rode to the rescue of investors and Wall Street.

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With interest rates pushed to near zero, investors put their money in tradable assets like stocks like the S&P 500 index, Russell 2000, Wilshire 5000 and the Wilshire REIT index. And its off to the races!

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But not for the bottom 60% of earners.

 

 

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