GDP growth, low unemployment, and wage increases are being driven by record-high asset prices.
U.S. central bank policy in the last year has become even more aggressive in supporting the expansion of financial assets, with three rate cuts in 2019 and an over 400 billion dollar expansion in the balance sheet since September.
While continuing to support economic growth, these policies have exacerbated the gap between hourly and salaried wage earners, and between wage earners and the owners of capital.
We hope you can join REMI for our upcoming webinar, “The Everything Bubble?: Political-Economic Outlook for 2020,” that will be hosted by CEO and Chief Economist Frederick Treyz, Ph.D. on Tuesday, January 28th from 2:00 to 3:00 p.m. (ET).
This presentation explores issues such as: