My “Wealth Disparity Monitor” of the Fed’s Money Printer Era, September 2023: Now There’s Inflation, QT, and Rate Hikes

The Fed released its always shocking quarterly data on the distribution of wealth on Friday. It divides US households by category of wealth: The “Top 0.1%,” the “Remaining Top 1%,” the “Next 9%,” the “Next 40%, and the “Bottom 50%.”  What’s always shocking – though we’ve known it all along – is the huge wealth disparity...