Good link >> • The Fed Increasingly Resembles Mexico’s Bank - Desmond Lachman, RCM << All should read.
Seems to me that the FED has become or, I guess, always was, an entity serving first it’s political and Wall Street masters and secondly following sound financial policy.
By inflating up one bubble or another the FED pleases the current political administration while assuring that the rich get richer via easy money and inflated asset value.
The rest of us suffer greatly while paying for it all as the bubble inflates and certainly when it bursts.
I’ll be largely abandoning stocks for safer havens soon.
fwiw, yesterday I closed all my individual stock positions and am now down to ETF's and mutual funds. This is part for market timing but mostly just going with what's been working best.