Popping the Great Bubble Myth
The post 2008 bull market was not a Fed bubble but a powerful response to a Trump change in market structure.
Lurking in the background of the Fed’s campaign to destroy the economy in order to save it is the now decade-old myth of the Great QE (quantitative easing) Stock Market Bubble. This was supposedly caused by the Federal Reserve’s zero interest rate policy.
This myth, like most, is sustained by a certain plausibility of cause and effect. The plausible bit…
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