2 ms·

Billionaires added $5T to their fortunes during the pandemic

• ratsmack 5y ago
  Not to be in disagreement that there is a huge disparity in wealth, but most of this gain is in illiquid assets that vary daily, and much of it is in securities and other financial instruments. And this was driven by the Fed and other banking institutions around the world pumping up the money supply. It's going to be interesting this year as they pull back with their QT program.