The Failure Of The Fed’s ‘Wealth Creation’ Mandate (In 1 Simple Chart)

Jon Alternative Media, Blogosphere, Civil Unrest, Economy, Fiscal Policies

Having previously shown just who did (and did not) benefit from the resurgence of household net worth, we thought it time to provide the context for why The Fed’s stunningly obvious policy of juicing asset inflation in the hopes of engorging animal spirits among the general population and a renaissance in public spending is a total and utter wealth-inequality-driving farce. As Evergreen Gavekal indicates so obviously, the consumer isn’t fooled by Fed policy; despite a major uptick in household net worth, spending remains anemic.

This post was published at Zero Hedge on 10/25/2014.