Ummmm…….QE, the Fed buying assets with new money, is why the Balance Sheet increased. Not 2 separate events.
No inflation occurs, as those investors don’t spend that money, but rather invest it in assets such as equities, real estate, other debt and art.
And there is no way the sellers of equities, real estate, art and other assets would ever spend their profits in the economy because, DERP!
Total household debt is $13.2 trillion, also a new record.
Total household net worth is $100.768 trillion, also a new record. Total household personal income is also a new record. Total household disposable income is also a new record.
Oh God the globalist sycophant is back!