Why is everyone ok with handing Central Bankers infinite power when all they have done is destroy society with Wealth Inequality?
— Paranoid Bull (@paranoidbull) June 20, 2020
The wealth gap in the US is even in the stock market pic.twitter.com/xIoa5e7H02
— Alessio Urban (@AlessioUrban) June 20, 2020
Fed policies hurt the bottom 90% regardless of color. e.g. this thread t.co/tzj4qiidx2
— Rudy Havenstein, gradually, then suddenly. (@RudyHavenstein) June 20, 2020
Per charts below, existing ownership of US #stock is such that corporate financial engineering disproportionately benefits rich white households, as do elevated asset prices;
As such, #Fed asset purchases worsen wealth/racial inequality when not accompanied by pro-growth measures pic.twitter.com/iaFBptGpFc— Mohamed A. El-Erian (@elerianm) June 20, 2020