
Smile, your stocks are falling.
At the heart of a capitalist society is a deeply anti-capitalist institution called FED, but you know what, right now it is doing a pretty good job.
At the height of the global pandemic, when markets were in a freefall, the FED pushed the button on the easiest monetary policy ever. This put a firm floor under the markets and the global economy. It also gave birth to meme trading and a generation of traders…