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The Casino of Wall Street Enters Official Correction Territory
S&P 500 has increased on the back of a massively expanding Fed balance sheet.
from My Budget 360
The casino effect of Wall Street is being played out in full. The Fed balance sheet recently stopped growing at an astounding $4.5 trillion. This is the first time in nearly three years that the balance sheet has slowed down in large part for the oncoming rate hikes that seem to never materialize. The market is largely funded by a few and wealth concentration has increased over the last decade into fewer hands. You need a buyer if you want to sell so many large investors are unloading inflated stocks, real estate, and bonds onto unsuspecting dupes. In China, a large part of the public jumped into the market and many only have an elementary school education. Today many are getting an education on the casino nature of the stock markets. In the US a large part of the bull market has come from the Fed expanding its balance sheet to ungodly proportions. The Fed balance sheet since the financial crisis has grown from $800 billion (mostly Treasuries) to $4.5 trillion of QE junk and asset swaps that are still lingering. The public realizes this is one giant charade and that is why they are revolting in the political arena.
Continue Reading at MyBudget360.com…
Source: http://financialsurvivalnetwork.com/2015/08/the-casino-of-wall-street-enters-official-correction-territory/?utm_source=rss&utm_medium=rss&utm_campaign=the-casino-of-wall-street-enters-official-correction-territory
