Monetary Policy and Wealth Disparity

"It's the story of the greatest wealth transfer in the history of the world."
--Jake Moore (Wall Street: Money Never Sleeps)

Stock markets are marking all time highs with over 75% of days in the last month and nearly 2/3 of days in 2013 finishing in the green.

It has been Fed chair Ben Bernanke's stated goal to goose equity prices higher and thus far he is succeeding. He is printing another bubble.

I am amazed at the intellectual dishonesty of people who are concerned about growing wealth disparity in this country yet remain silent about the effects of monetary policy on exacerbating that gap. As of 2007, the wealthiest 1% in this country owned nearly 40% of US stocks by value. The top 10% owned over 80%.

Since 2007, we can be sure of two things. Equity ownership among the top few percent has become even more concentrated. And the chasm between the rich and poor has grown wider thanks to government force in the form of monetary policy.

position in SPX