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The Boom in the Stock Market
Just the billionaires in the United States from March 2020 to February 2021 have grown their wealth by $1.3 trillion. Billionaires now hold two thirds more in wealth than the bottom half of the US population. Even some of those billionaires were worried the Fed was fueling a dangerous bubble. If the Fed knew what it was doing, it would not allow bubbles of this magnitude to take place.