The Economist Suggests Helicopter Money to Combat Next Recession.
In this report from London on Saturday, October 13th, 2018 I go over the latest edition of the Economist magazine in which they have dedicated a Special Report for the topic of the World Economy.
I go over some of the most important topics like the possibility of a recession and what kind of Black Swan events could trigger it. I focus on the points they made that I think are the most significant.
The first is the fact that an Emerging Market crisis could now have a much bigger impact on the world economy as their share of world GDP has gone from 36% back in the mid-1990s to 59% presently.
The second point is that they recommend that Central Bankers should consider doing QE or Quantitative Easing for the general public in the next recession.
The third point is a look at the possibility of an American Black Swan emanating from a new product called Leveraged Loans.
My conclusion from the Economist's report is that free money for the public will be very popular in the short term but that in the long run, it will be very damaging for the health of the economies that try the scheme.
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Good afternoon mario, yes helicopter money for nothing, a lot like the worthless daily so called newspapers they cannot sell in my local shop they give away, tells me the end is very near perhaps? thanks for the info as usual :)
You are welcome and have a nice rest of the weekend. The weather here has been really nice, almost like summer.
Helicopter money, Social scoring credit・・・they suggest the way the world is heading to: Communism which is the goal of the Febian society.
@andrewskelton Yes it feels a lot like it did in 2007 just before the crash. I felt it strongly enough to cash out my IRAs and such. A good move at the time, almost exactly at the top.
Then 2008 the Dow halved, Gold tripled and "they" (FED) pulled a rabbit (QE) out of their ass (unexpected) and the dow has now (October 2018) more than tripled.
Don't get me wrong, nothing was fixed, it was just made worse. Some got super rich and the rest of us got to hold the bag for them.
This time, are the numbers just to big to be "fixed" or do they have another magical ass-rabbit?
But this time is different.... ;-)
It may be different enough, we have Cryptocurrency, people are substantially more connected and the numbers are so much bigger. It may be enough to tip the scale in the people's favor.
Get ready, it's coming.