Stocks

Quantitative Easing, the Fed practice of printing money and using that to purchase bonds and toxic mortgages, will end in October. Since 2008 the Fed has printed 4 trillion dollars and using that to buy bonds has held interest rates down to the lowest levels in my life time. The main result is that money has poured into the stock market for higher yields and the market has risen 30%. This is one of the main contributing factors in the widening gap between the rich and the poor. The top 1% own 60% of the stocks and the top 10% own 85% of the stocks.