All things being equal, the Fed is actively making the wealth gap more pronounced with its ultraeasy monetary policy.
For Lisa Abramowicz's latest contributions to The Japan Times, see below:
The lack of consumer lending growth isn’t exactly a negative sign for the American economy. But it points to how slow it can be to turn around a $20 trillion tanker of an economy.
Companies are getting upgraded rapidly this year, but the logic underpinning the rise relies on ultraeasy financing that can’t go on forever.
Japanese investors are plowing back into the same types of risky U.S. corporate-loan investments that caused them losses during the 2008 financial crisis. They're pouring cash into loans to finance Burger King operator Restaurant Brands International Inc., hotel manager Hilton Worldwide Finance LLC and Caesars ...