Following the monetary disaster of 2008/2009, The Federal Reserve started their dramatic buy of property equivalent to Treasuries and Company mortgage-backed securities (AgencyMBS). After which Covid struck and The Fed went berserk with asset purchases.
So, who benefited essentially the most? The highest 1% or the underside 50%?
Reply? The highest 1%. The share of complete internet value spiked dramatically after the Fed infusion.
Even the underside 50% benefited with The Fed’s Covid stimylpto, however no the place close to how the highest 1% benefited.
World Financial Discussion board’s Klaus Schwab approves of this message!
On an unrelated word, the US Treasury yield curve is strongly UPWARD sloping, whereas Russia’s and Ukraine’s yield curves are inverted and collapsing.