ML-Implode News - Land With Longest Stretch of Negative Rates Finds Rich Are Getting Richer Faster

According to the latest report from the Danish Economic Council, a fiscal policy watchdog made up of academics commonly known as the "wise men," years of ultra low rates have benefited the rich more than the poor.
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In other words, Denmark's poorest have missed out on the gains in asset prices fueled by years of cheap money. The return on Denmark's benchmark equity index has exceeded 120 percent since rates first went negative in mid-2012.
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But according to Ben Bernanke, the former Federal Reserve chairman, the argument misses the full effects of monetary policy. Proper policy in fact helps safeguard equality by promoting "greater economic stability and prosperity for the economy as a whole," he wrote.

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Land With Longest Stretch of Negative Rates Finds Rich Are Getting Richer Faster