Extreme loose financial conditions always lead to bubbles.
The Fed's job should be to minimize bubbles & their damaging fall out by raising rates when conditions are too loose.
Instead they are blowing the biggest bubble ever.
When it pops the damage will be severe.
Reckless. https://twitter.com/LizAnnSonders/status/1346446888795516928

You can't claim your purpose to be to help the economy but blow a giant asset & housing bubble at the same time.

Unless your goal is to grab ever more power & influence and set these bubbles up on purpose to then claim to come to the rescue by grabbing even more power.

Perhaps we should ask: Why are the bubbles getting ever larger? Why is the fall out ever worse? Why is the wealth gap ever expanding?

Maybe it's the result of disastrous central bank policies that brought us the Y2k blow off, the housing bubble and now the everything bubble.

Central bankers are not your friends or saviors.
They are unaccountable, unquestioned, unchallenged, yet are very much responsible for all the damage and distortions that are unfolding.
The chapter of their reckoning it still to be written.