I have many problems with this article and its title. The title first implies that there is causation here -- and does little to prove causation, and instead the article cites correlation to back up the title.
The economy is highly complex, and I suspect that using 5 variables to describe it is wrong.
Additionally, the writer doesn't mention this, but if the Fed bought up equities as part of their quantitative easing program and the market grew and recovered further, then their assets would naturally grow with the market. I don't think this was accounted for.
$4 Trillion dollars between 2008 and 2014 added to the Fed's balance sheet, coupled with zero percent interest rates afforded to the Special Few who were able to take out loans and sell bonds to buy back stocks to drive up the price per share, definitely caused the stock market to go up.
The economy is highly complex, and I suspect that using 5 variables to describe it is wrong.
Additionally, the writer doesn't mention this, but if the Fed bought up equities as part of their quantitative easing program and the market grew and recovered further, then their assets would naturally grow with the market. I don't think this was accounted for.