distorted

What the Fed Accomplished: Distorted the Economy, Enriched the Rich and Crushed the Middle Class

Authored by Charles Hugh-Smith via oftwominds, The mainstream holds the Fed is busy planning a return to the glory days of zero interest rates, but ZIRP is on the downside of the S-Curve; it’s done, gone, history. Let’s summarize what the Federal Reserve accomplished since embarking on its massive interventions to control volatility, risk, bond …

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