From a high enough vantage point, this year’s move from boom to bust to boom looks much like a normal market response to an outside shock, only far faster. But examine it more closely and it becomes clear that the winners and losers have been twisted by the extraordinary power of money from central banks and governments.
Working through the super-quick bull market that will, all going well, mark its third month on Tuesday helps create a framework for thinking about how these powerful forces will develop. One conclusion: The...
Gee, ya think?
And growing the wealth inequality gap
Все будет хорошо
Until the market is allowed to run without an overactive Fed, we will never have a stable economy and stock market. It’s been a problem since the dot com bubble.
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