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Though I will say, asset prices are not determined directly by central bank actions, there is a third component that pushes both asset prices and central bank policy - the global supply/demand of savings vs investment opportunities. Which is driven mostly by demographics, looking at China in particular. I've commented about this before. There is an interesting hypothesis that the global deflationary and asset price-increasing forces will wane as China's economy becomes more consumer focused and as working age people in China age out of the labor force, thus moving from the net-saving part of the lifecycle to the net-spending part. It's very plausible, unless that population bulge bracket is replaced again by another massive, increasingly-affluent population, say in a fast developing India or Africa.

On the inequality side, it is a bit unfortunate to be in the workforce at this time competing with the massive influx of other savers, bidding up productive assets to save for retirement, enriching the people who were "lucky" enough to be in the generation before that population/affluence boom. But there's not really anything that can be done about it, not without tightening financial conditions enough that it has severe negative effects for the labor market.



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