“If you are conducting capital market-oriented monetary policy today and trying to specifically influence asset prices, then you are causing a monetary policy-induced stock market boom that benefits those who are invested in stocks. But this does not reach the broad population in Germany, because the savings book is still widespread here, and even long-term government bonds are trading at negative or zero yields.”
– Steingart, G.: “Lost Overview”, in: Handelsblatt (No. 170, 02./03./04.09.2016), p. 6.