Blackstone's Wein on CNBC Most QE Goes to Financial Assets

Blackstone is famous for buying up all the real estate and ruining house prices for potential main street buyers. Byron Wein of Blackstone is in CNBC now saying that 2/3rds of the QE goes to financial assets instead of to the real economy. 

But CNBC thinks it is just fine. Wein is saying speculation is taking most of QE, and that is not good.

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