Wealth transfer of nearly $4 trillion, in the form of Quantitative Easing.......favoring stocks and wall street over middle class savings accounts.
Interest rates have remained so low for so long that investors have had no other choice but to move their money into the stock market, thus creating a bubble.
Even those adverse to risk were forced to chase the better yields in stocks, no matter how dangerous that was.
But for every winner in QE there are 99 losers. While the richest 1% of the US population has been loving the rise in stock prices and other QE amenities, Fed policy has been taxing on the masses of savers.
In fact, “tax” is a perfect word. QE has been an invisible tax on savers beyond anything Washington could have ever conceived.
Every dollar that has benefited a borrower during QE has come out of the pocket of a saver in the form of a lower return on [his] assets.
In fact, QE is now widely recognized by both supporters and opponents as causing the single largest shift ever in wealth, from middle class savers to rich Wall Street investors.
And that this should have happened under a Democratic president who came into office championing wealth redistribution in the other direction is both shocking and ironic.
I thought Obama was a champion of the middle class................hahahahah a
http://nypost.com/2014/10/12/obamas-...t-to-the-rich/
OBAMA'S GREAT TAX ON THE MIDDLE CLASS....
