Unless we believe in magic monetary fairy dust, it’s reasonable to assume that the fed cannot wish economic growth into existence. Without real growth, we cann

Unless we believe in magic monetary fairy dust, it’s reasonable to assume that the fed cannot wish economic growth into existence. Without real growth, we cannot have wage increases and asset price increases - one must take from the other. So far the fed has chosen asset appreciation over wage increases, we’ll see how things play out this cycle.