As to why the markets have risen at historic rates during times
of austerity economics? The answer is simple, it’s due to
quantitative easing (QE) began by centralized banks after the
market crash of 2008 – “fundamentally a regressive
redistribution program that has been boosting wealth for those
already engaged in the financial sector or those who already own
homes, but passing little along to the rest of the economy.” The
amount of stimulus used varies depending on your definition of
stimulus, so we won’t bother keeping tabs on the trillions that
have been dumped into the markets in the last 4 years. We’ll
just make note that at present the Federal Reserve is continuing
its unlimited quantitative easing program to the tune of $85
billion a month, a last resort, desperate measure that the FOMC
began in 2012 to maintain its ‘growth’ targets. As for the
consequences of what is taking place, considering that “affluent
households typically have their assets concentrated in stocks”,
it’s a transfer of wealth from