Helicopter Money: Black Hawk Down

While central bankers sound dismissive when the question of helicopter money is raised, they were equally dismissive about NIRP. Deployment is not on the radar for the moment, but it will probably be used when the next economic shock hits the world. That step into the void would boost gold, bitcoin, agricultural land and equities that benefit from government spending. Currencies issued by central banks that won’t go there would shine too; that would include the Swiss franc and the Singapore, Australian and New Zealand dollars.

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