Hard truth: The bottom 50% in America are totally screwed. They literally see zero benefit from the Fed's asset price inflation game.
The gaul of Jay Powell to claim low rate policies help alleviate inequality is something else. https://twitter.com/NorthmanTrader/status/1327744420922449920
you already know who owns most of it all and benefits the most.
Bottomline: The top 10% own 88% of all corporate equities and mutual fun shares where as the bottom 50% own 0.6% and central bank policies have created the widest disconnect between markets & the economy in history benefitting disproportionally the top 10%.
Fact.
In other news: Democracy is falling apart as millions of angry citizens are shouting at each other on social media not realizing who the real culprit is.
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