On Wednesday (7/29/2020), the Federal Reserve left its overnight lending rate at the zero-bound range of 0.00%-0.25%. The Fed also reasserted its commitment to a wide array of lending and asset purchasing programs via digital money printing.
No surprises there.
There was, however, a bit of a shocker in the mainstream financial media. Specifically, CNBC’s Jim Cramer became irate with those who claim that the Fed is propping up a stock bubble.
“I’m sick and tired of hearing that we’re in a bubble, that the Fed’s over-inflating the price of stocks by printing money to