The Fed's Only Choice – Exacerbate The Wealth Gap, Or Else... [zero hedge]
New York Times Company (The) (NYT)
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Source: zero hedge
The Fed's Only Choice – Exacerbate The Wealth Gap, Or Else... Authored by Lance Roberts via RealInvestmentAdvice.com, “Gradual inflation has a numbing effect. It impoverishes the lower and middle class, but they don’t notice.” - Andrew Bosomworth, PIMCO Germany, as quoted in Der Spiegel The rise of populism, evidenced by the success of Donald Trump, Bernie Sanders, and Alexandra Ocasio-Cortez, is rooted in the emergence of the greatest wealth and income inequality gap since the roaring ’20s. According to the Economic Policy Institute, the top 1% take home 21% of all income in the United States, the largest share since 1928. There are a variety of social, political, and economic factors driving this growing discrepancy, but one critical factor is ignored – The Federal Reserve. The Fed has inserted itself into a key role in economic growth and, along with that, their contribution to the rising imbalances between economic classes. The Wealth Gap Explodes Over the last decade, as stock ma
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