“Those closest to the Fed money-spigot benefit directly from asset purchases (a.k.a. quantitative…”
“Those closest to the Fed money-spigot benefit directly from asset purchases (a.k.a. quantitative easing). Those far from the spigot (the 99.9%) get nothing but slightly lower interest on their crushing debt.”
– ‘Janus’ Yellen And The Great Transition From Risk-On To Risk-Off.
