This is the Cantillon Effect in action: the Fed's monetary expansion lowers rates, compresses yields and pushes capital toward equities, lifting asset prices. Thus, the top 1% owns 47% of equities; the bottom 50% just 1%. The “wealth effect” becomes a mechanism of #inequality
Kong Kong Kubs x 2Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.