"The Fed's strategy [has been] to get the share markets up, get risky assets up, [and] stimulate the economy through 'wealth effects.' One problem: 'wealth effects' are for wealthy people. What about the real problem in America, which is middle-class, structurally unemployed, workers and their families? Are they benefiting from the 'wealth effect'?"
Save your cookie preferences
Please select an option below and 'Save' your preferences.
You can update your cookie preferences at any time from the 'Cookies' link in the footer.
Gold Price News
Gold Investing In Depth
Gold Investment Analysis
Bill Bonner is founder and owner of Agora Inc., one of America's largest consumer newsletter publishers. Best-selling author and globe-trotting correspondent since 1999 for the Daily Reckoning email, he is chairman of family-wealth advisory Bonner & Partners, and co-author with his son Will of Family Fortunes: How to Build Family Wealth and Hold Onto It for 100 Years (Wiley, 2012).
See full archive of Bill Bonner articles
Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News, RSS links are shown there.