When federal reserve hold interest rates at 0 for 7 years, and pump 4 trillion in the economy via quantative easing to purchase mortgages, it is fair to say that federal reserve is pumping up assets.
The impending doom has been pushed in the future, but it will come back much stronger. Sometimes in the future, whrn reckoning comes, usd will lose its reserve currency status, there will be massive currency devaluation/hyperinflation/stagflation.
“Pumping up assets” is aka income inequality, since people who own assets derive part of their income from the increasing value of the asset over time. This also makes it harder to go from a worker to an owner.
Yes, pension funds and 401ks own a lot of these assets — but people who have pensions and 401ks are doing better than many many other people in the country.
The impending doom has been pushed in the future, but it will come back much stronger. Sometimes in the future, whrn reckoning comes, usd will lose its reserve currency status, there will be massive currency devaluation/hyperinflation/stagflation.