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Fed Monetary Stimulytpo Now Almost 14 Years Old And Still Running Strong! Top 1% Share Of Net Worth Now Higher Than Bottom 50%, Income Inequality Getting Worse
Confounded Interest ^ | 02/23/2022 | Anthony B. Sanders

Posted on 02/23/2022 3:32:04 PM PST by Browns Ultra Fan

It has been 14 years since The Federal Reserve under Ben Bernanke unleashed zero interest rate policies (ZIRP) and quantitative easing (QE) in late 2008. And Fed monetary stimulypto is still running strong after almost 14 year of monetary mismanagement and asset bubble stimulation.

The Federal Reserve under Bernanke and Yellen raised their target rate exactly once under President Obama before the election of Donald Trump. After Trump was elected, The Fed raised their target rate 8 times, lowered it 5 times. There have been no rate hikes under Biden.

There seemingly never-ending Fed monetary stimulus has resulted in the top 1% seeing their share of total net worth soar relative to the share of net worth of the bottom 50%. But note that starting in 2014 just as The Fed was engaged in QE 3. But the real divergence occurred after The Federal government heaped trillions in fiscal stimulus on top of the skyrocketing monetary stimulus.

In terms of income inequality (as measured by the GINI coefficient), it just keeps getting worse and worse.

Let’s see if The Fed actually delivers by reducing their monetary stimulypto.

(Excerpt) Read more at confoundedinterest.net ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS: fed; fedstimulus; income; inflation; stimulus; wealth
Biden and Powell, killing America hard.
1 posted on 02/23/2022 3:32:04 PM PST by Browns Ultra Fan
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To: Browns Ultra Fan

Surprise! And useful idiots vote for the democrat taliban party who then use government to make this divide worse.


2 posted on 02/23/2022 3:33:22 PM PST by joma89 (Buy weapons and ammo, folks, and have the will to use them.)
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To: Browns Ultra Fan

Just back from Publix. 117 dollars and I hardly got anything. No meats at all. What a rip off. Thanks Biden!


3 posted on 02/23/2022 3:39:22 PM PST by napscoordinator (Trump/Hunter, jr for President/Vice President 2016 democratic )
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To: Browns Ultra Fan

I am not sure this is as useful a statistic as people think. If money (Wealth) were still gold, silver, and bronze coins then the fact that Elon Musk has 200+ billion would mean there was a possibility that I can’t have enough. Wealth is no longer measured in gold coins. No matter how much the rich have, it does not mean I cannot have enough.


4 posted on 02/23/2022 3:42:48 PM PST by Fai Mao (I don't think we have enough telephone poles.)
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To: Browns Ultra Fan

Well, thanks for the money, anyway....


5 posted on 02/23/2022 3:43:06 PM PST by proxy_user
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To: Browns Ultra Fan

Still better than Russia, yay!

“Russia’s 500 Super Rich Wealthier Than Poorest 99.8%”


6 posted on 02/23/2022 3:47:43 PM PST by SaxxonWoods (The only way to secure your own future is to create it yourself.)
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To: Browns Ultra Fan

Jordan Peterson on the Parato effect of wealth distribution. Very good.

https://www.youtube.com/watch?v=GtqQCaYjOfI


7 posted on 02/23/2022 4:10:36 PM PST by Gen.Blather (Wait! I said that out loud. Sorry.)
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To: Browns Ultra Fan

That’s what happens with socialism and manipulated markets.


8 posted on 02/23/2022 4:29:25 PM PST by fruser1
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