The S&P 500 is tied for its 2nd best performance since 1990. Only 1991’s January/February trading action has been better.
The middle class is furious and I totally understand their frustration. Any government that cheats its most significant demographic is going to have to meet its maker at some point.
Over the past 115 years, many monetary experiments have been implemented by the FED’s officials, but, to me, one quote says it all: “Permit me to issue and control the money of a nation, and I care not who makes its laws!”
The FED is utterly confused right now. Less than 4 months ago, Chairman Powell told the world that America’s economy could withstand much higher interest rates, but the markets had other ideas.
It looks like 10 years of central banking liquidity infusions that make their portfolios as bloated as they’ve ever been aren’t enough for the greediest of them all, those that made money off of wars, opium and enslavement, among other illegal ventures.