It’s not coincidence that Fed (and SEC) did not get in the way of Wall Street money machine at the height of SPAC and meme mania despite raging inflation. They

It’s not coincidence that Fed (and SEC) did not get in the way of Wall Street money machine at the height of SPAC and meme mania despite raging inflation. They continued QE even after admitting to inflation pressures that could toil the economy for years to come. Now that Wall Street made all its money they’re going to crush asset prices just so these big fat bankers can scoop up distressed assets on the cheap. And so the cycle begins.