Despite the protestations of an indignant Ben Bernanke, seven years of global QE have not only failed to ignite the illusory “trickle down” wealth effect but have in fact served to widen the gap between the rich and the poor the world over.
The explanation for this phenomenon is simple: when you deliberately inflate the value of the assets most likely to be concentrated in the hands of the wealthy, the class divide will grow in lockstep.