Shiela Bair nails it.
The Fed is amplifying wealth inequality and “both parties” are complicit.
Bravo to @SheilaBair2013 for speaking up.
Listen people. https://t.co/uuJ4XQncAF
— Paranoid Bull (@paranoidbull) August 23, 2020
“Almost a quarter of the temporary layoffs will become permanent. Some 2 million of those individuals could remain unemployed well into 2021.” https://t.co/Hx868JbqLl
— Danielle DiMartino Booth (@DiMartinoBooth) August 23, 2020
"I think that Apple hitting $2trn is a reflection that the Fed is going to continue printing money and it continues to go to the largest players and does not benefit Main Street in any way." #QuillIntelligence #ResearchRevolution https://t.co/bjWFNOzB2a
— Danielle DiMartino Booth (@DiMartinoBooth) August 23, 2020
"Short interest as proportion of market cap for median stock in S&P 500 index fell to 1.8% at the beginning of this month, lowest since Goldman Sachs began tracking the data in 2004. Compares to 2% at start of year, and average of 2.4% over past 15 years" https://t.co/WRA2Rr2Y87 pic.twitter.com/N8wPEwDjAB
— Trevor Noren (@trevornoren) August 23, 2020
— M/I_Investments (@MI_Investments) August 23, 2020
The concentration of market power in a handful of companies lies behind disturbing U.S. economic trends including inequality and financial instability, according to a new Fed paper https://t.co/Bi6vomW5HR
— Bloomberg Economics (@economics) August 23, 2020
They are awaiting and begging for a bigger inflation I assume. https://t.co/gtdRAxKI2H
— GregTheAnalyst (@Analyst_G) August 23, 2020
Bailouts, “Stimulus,” and Welfare from a government that is $26 Trillion in the hole?
A political class that is addicted to Federal Reserve counterfeiting?
This is all very bad.
Watch Friday's Liberty Report with @RepThomasMassie here: https://t.co/BvCdHT8bAi
— Ron Paul (@RonPaul) August 23, 2020
#recession … US #Housing #Bubble 2.0 edition
via @DiMartinoBooth#RealEstate #Property #REIT #RMBS https://t.co/MQSCJAwH4S— Invariant Perspective (@InvariantPersp1) August 23, 2020