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A comment on The Fed now owns nearly 1/3 of all U.S. mortgages. Parent comment

Re:The Fed now owns nearly 1/3 of all U.S. mortgages by anoncareer0212 on Wednesday September 09, 2020 @01:50AM (#24417646)
We spent so many years hearing it trickles down that we didn't realize how inherently backwards it really is - why would anything trickle down into actual purchases, they're always asset price pumps
[ Parent | on HN ]
Re:The Fed now owns nearly 1/3 of all U.S. mortgages by TheSpiceIsLife on Wednesday September 09, 2020 @02:48AM (#24418006)
Rather than trickle down economics I like to call it:

Deluge up economics.

We're all struggling to pay rent and groceries and transport costs

/

They're all struggling to find somewhere to park another hundred million, billion / trillion? Whatever.

[ Parent | on HN ]