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RE: The Economist Suggests Helicopter Money to Combat Next Recession.

in #money6 years ago

@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.

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