The Fed Is Supporting Wall Street and the Wealthy

If he succeeds in breaking the Fed put, then you'll actually be a price to pay for taking risk. We haven't seen this since Alan Greenspan marched into office and gave birth to the Fed put two months later when he came right into the rescue after the stock market crash of October, 1987. So it's been a little while here since the Fed has been trying to make the wealthy wealthier. But this is the first time that somebody who used to work at the Carlisle group found at the industrials group in a private equity firm. That is a manifestation of bringing the inequality divide back down. If you don't let the wealthy make the rules, and that's what Jay

Transcript

Play full episode

Transcript

Episode notes

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app