The disconnect between Wall St. & Main St. can be seen more clearly now than ever. Riots, 40m unemployed since March & stocks near all-time highs. Why? The Federal Reserve backstop. Into facts, the Fed bought $JCP and $HTZ debt, even with bankruptcy. Talk about bailouts! #Bailout
This will only create more hatred of Wall Street. Literally the Federal Reserve is now hurting the long-term stock market more than helping. #ShortSighted @federalreserve
You literally cannot have a more obvious and perfect example of inequality than 40m unemployed in 3 months, riots and then Wall Street sitting near all-time highs. What the federal reserve is doing is so dumb. They are setting the table for the biggest backlash in history.
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Gareth Soloway
