Published on the Doomstead Diner on September 24, 2015
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Second half of this rant covers the latest in waffling by Da Fed WRT raising interest rates, which supposedly they were going to do but didn't.
Raise your hands if you think these folks know what they are doing.
I didn't think so.
…Further talk elsewhere around the financial blogosphere is about “Helicopter Money”, Brit Prep School Butt Boy Ambrose Evans Pritchard is a big fan of this idea. The idea in this case is that of instead of handing out free money to the TBTF banks, instead they will hand out free money to J6P, to “stmulate demand” from the bottom up. Instead of “trickle down” economics, in this topsy turvy world of finance “trickle up” is the latest rage!
Precisely how they will manage such a helicopter distribution is as of yet unclear. Since they also seem to be in favor of banning Cash, they're probably not really going to drop FRNs from Helicopters, although that certainly would be cinematic if nothing else…
FOR THE REST, LISTEN TO THE RANT!