Attempts at economic stimulus have left a noxious smell. Central banks are starting to deem the unthinkable – helicopter moneyAll is smooth. All is still. Share prices are going up. Oil prices are rising. China has stabilised. The eurozone is over the worst. After a panicky start to 2016,investors have decided that things aren’t so noxious after all.
Put your ear to the ground though, and it is possible to hear the blades whirring. Far away, or preparations are being made for helicopter drops of money onto the global economy. With due honour to one of Humphrey Bogart’s many great lines from Casablanca: “possibly not nowadays,possibly not tomorrow but soon.”Continue reading...
Source: theguardian.com