Mostly agree, though tech has been one of the bigger recipients of all that money sloshing around. Another being housing (again) which is a big part of why housing is so expensive now.

At this point in the recovery cycle and with a strong economy (which we supposedly have) the fed rate should be closer to 4-4.5% - we shouldn't be talking about lowering rates. But both ends of the political spectrum seem to be pushing for 0% - the progressives with MMT and of course Trump keeps bullying the Fed to lower (not only because he thinks it'll help his re-election prospects, but because he's a real estate guy and would benefit greatly from 0% rates).