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View Diary: The rich really did get richer, while the rest of us ... didn't (74 comments)

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  •  It's a feature, not a bug. (3+ / 0-)

    Today we saw more boldly stated what many suspected: the stock market is propped up.

    As the Fed lowered interest rates and bought bonds (and thus lowered yields) to shore up the banks, not only have wealthy investors concentrated on accumulating higher-yielding stocks, but so have central banks.  There's your stock market rally.  Because it just would not do for the wealthy or their wholly-owned governments to see anyone else prosper.

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