'This has to stop': A renowned 30-year stock market vet breaks down why the Fed could be making the 'worst error in central bank history' by continuing to pump liquidity into markets and viewing stock gains as its responsibility — and predicts 7-10 years of negative returns

The Federal Reserve has kept its foot on the gas pedal of easy monetary policy since March 2020. Its aim? To get the US labor force back to what it deems “maximum employment.” What that looks like exactly is unknown — perhaps it’s a return to the pre-pandemic unemployment rate of 3.5%, a 50-year-low, …

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