Why Is The Fed Ready To Buy Stocks?

To my conservative friends, I have some disconcerting news for you. According to the analysts at Seeking Alpha (and a few other news sources), the Federal Reserve Bank, the largest central bank in the world, has filed the paperwork required to buy stocks. The obvious reason is to prop up the stock market, but I think it’s worth asking, who exactly, owns the majority of stocks in America? The top 10%. The rest of us don’t own enough stock to derive any…

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