The Fed Keeps Rates at Zero, Buying Corporate Bon An

I want you to talk about that, because when we say maybe we overstimulated the economy, people get very upset. The only people the fed are really serving right now, keeping rates at zero, are over levered investors, rich people. It makes no sense why the fed has been buying bonds below us for all of these months and keeping rates atzero. We absolutely overdid this a hundred %. Have said this for a long time, we threw some loaves of bread and some circuses for the poor, and two thirds of it ended up in the market,. such that the already rich could get much richer.