>Top 1% Got 93% of Income Growth as Rich-Poor Gap Widened
Well duh. We're flooding a corrupted market with federal reserve notes. What do you think QE does? Help poor people?
Imagine a dodge ball court with 10 athletic giants, and 20 bookish weaklings. Now flood that court with balls, and balls, and more balls. Do you think the bookish weaklings are going to benefit from the balls? The same principle applies to the market. Adding more dollars doesn't fundamentally change any of the market dynamics. It just causes the water to flow into the coffers of the rich faster, and perpetuate the imbalances.
The only solution to this is liquidation.
Ehyeh asher ehyeh.
"You and I are told we must choose between a left or right, but I suggest there is no such thing as a left or right. There is only an up or down. Up to man's age-old dream – the maximum of individual freedom consistent with order – or down to the ant heap of totalitarianism." -Ronald Reagan