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"People Are Nearing Rock Bottom": Fed's COVID Response Rewards Wealthy While Brutalizing Nation's Poorest

Newsflash: Federal Reserve policy is making the rich much richer. Certainly that’s not something we need to harp upon for most of our readers, who understand exactly how the Fed printing trillions of dollars over the course of months has further bifurcated the wealth gap in the United States. But, what is worthy to point out is…

Home Prices Soar At 3 Times The Fed's Inflation Target Across All US Cities

The Fed’s most frequent lament is that no matter how many trillions in bonds (and stocks and ETFs) it buys or how much liquidity it forehoses into the market, it just can’t push broader inflation higher. Well, here’s an idea: maybe all the central-planning megabrains at the Marriner Eccles building and 33 Liberty Street can…

Fed's New Paradigm Adds Helium To The Stock Bubble

Authored by Mike Shedlock via MishTalk, Valuations are not only high, they are among the highest on record. The Laws of Investing The Wall Street Journal asks Has the Fed Rewritten the Laws of Investing? It has been an odd year with the Covid-19 crisis hammering the economy, but stocks recovering from sharp losses and then…