It seems everyone & their mother knows by now that central bank actions are juicing asset prices & wealth inequality.
The only people still denying it is the Fed & their apologists.
Most bailout dollars go to the top 1% while the bottom languishes making it even worse.
— Sven Henrich (@NorthmanTrader) October 19, 2020
— Invariant Perspective (@InvariantPersp1) October 19, 2020
The Fed and other central banks will eventually discover that breaking up isn’t easy after partnering with governments and financial markets to avert a pandemic-driven depression t.co/Rg4hRJTHQM via @markets @RichMiller28
— Robert Jameson (@rhjameson) October 19, 2020
Young adults living with parents pic.twitter.com/4YAUGah84c
— Win Smart, CFA (@WinfieldSmart) October 19, 2020