The top 0.1% own 25% of all US stocks. So when the Fed prints and asset prices rip, they capture it. They will sacrifice the currency to save the bond market.
The top 0.1% own 25% of all US stocks. So when the Fed prints and asset prices rip, they capture it. Their net worth is up about 175% since 2014, and it went vertical right after 2020. In the year the S&P 500 gained 21%, they pulled in nearly $4 trillion from the market alone.… … Read more