“Lower-income households faced sluggish real wage growth, economic insecurity, tighter credit limits, and increasingly unaffordable assets. Higher-income households, on the other hand benefited from the financial asset inflation caused by QE.”
one way or the other, all this money printing has to blow up - one way of the other ..
zimbabwe tried QE, with devastating results - massive inflation ..
who knows - but in a few years time, watso might put his self funded retirement nest egg - all into a wheelbarrow - just to buy a loaf of bread ...
mmm watso on his way to buy a loaf of bread
ahhh there was a time when the american dollar was linked to gold - but as usual, the americans made the rules - and changed the rules - so they backed the american dollar with the oil reserves of other countries ... mmmm which explains all the conflicts in the middle east
