How do you think we got that miraculous bounce post-Covid?
The Federal Reserve had to step in with ~$8 trillion and start buying stocks.
Two Fed presidents had to step down recently due to their stock holdings.
They had to do this to save everyone's retirement accounts and the housing market.
And now we have inflation and this will get blamed on the President's policies. It has nothing to do with that, it's this massive injection of cash into the system. They may have gone a little overboard.
They are trying to slowly unwind this. Until then it's "party like it's the 1920s".
How do you think we got that miraculous bounce post-Covid?
The Federal Reserve had to step in with ~$8 trillion and start buying stocks.
Two Fed presidents had to step down recently due to their stock holdings.
They had to do this to save everyone's retirement accounts and the housing market.
And now we have inflation and this will get blamed on the President's policies. It has nothing to do with that, it's this massive injection of cash into the system. They may have gone a little overboard.
They are trying to slowly unwind this. Until then it's "party like it's the 1920s".
https://www.cnbc.com/2021/09/27/dallas-fed-president-kaplan-...