The wealthiest ten percent of Americans own eighty percent of the stock market and it is this breakdown that’s been the reason why the Fed’s primary transmission mechanism – QE to raise asset prices – hasn’t simulated shit.
Read Full Article »The wealthiest ten percent of Americans own eighty percent of the stock market and it is this breakdown that’s been the reason why the Fed’s primary transmission mechanism – QE to raise asset prices – hasn’t simulated shit.
Read Full Article »