Exacerbating income inequality. Income inequality is a major contributor, along with ineffective government, to slower economic growth. So much for the Federal Reserve focusing on what's good for the economy in the long run.
"Courtesy of the US Federal Reserve, asset buyers in general have had a stellar pandemic. Whether it was US Treasuries or junk bonds, equity portfolios or high-end property, the free money gusher has lifted all asset prices. Nor is the Fed inclined to stop the party."
Gift link: on.ft.com/2LdNBKz
America’s dangerous reliance on the Fed
on.ft.com
Easy money and fiscal gridlock in Washington lead to populism
vid for "to the last of a dying breed" out NOW!! @WU_AM_I and @LoudBirdPro made a love letter to our friendships and to our city. very happy to have played a small part
😌🌉☄️ https://www.youtube.com/watch?v=9jM0obkeNQM
s/o @ratherbright for turning this bedroom pop track into a stadium rock anthem 🎸🤘🏼 https://twitter.com/ratherbright/status/1337454653093470208
vid for "to the last of a dying breed" out NOW!! @WU_AM_I and @LoudBirdPro made a love letter to our friendships and to our city. very happy to have played a small part
😌🌉☄️ https://www.youtube.com/watch?v=9jM0obkeNQM
"Financial Stability Board warns Fed actions to soothe market could cause excess risk-taking" Of course! Risk taking is behind the stock market runup during this bad recession. https://www.ft.com/content/5bab4156-54fd-41ab-b067-794c3050c8cd Also in March foreign investors ditched "almost $300bn Treasury bonds & bills"