There’s no reason for me to keep posting D. Gartman content, since no one really gives a shit about him except me. I have a penchant for certain teevee personalities and I’m always interested in what anyone has to say. In spite of the fact that the majority of these people have the intelligence quotients slighty higher than an ameba, I find strongly worded opinions interesting, nonetheless.
Gartman thinks Europe is going to start doling out ‘helicopter money’ in Europe.
What is helicopter money? Essentially, it’s giving money away to people in the hopes they will spend it and cause inflation. To be honest, they’re already doing that, via the purchase of corporate bonds. Yields depress and companies are able to buy all sorts of shit with the free money they’re borrowing. Look at Japan and how companies are able to borrow hundreds of millions without any interest rate. FREE MONEY.
In the truest sense of helicopter money, the government will give money away to everyone, not just corporations. They can do this in the form of a one off payment, or a tax rebate.
Fun times.
I am long gold.
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Maybe a govt issued debit card drawn against the Treasury so people don’t do stupid things with their “free” money, like save it or invest it in stocks?
Fly if helicopter money was in play why is copper not Playing along.
I believe it’s spelled “amoeba?”
Continuing reading now.
What is helicopter money? Essentially, it’s giving money away to people in the hopes they will spend it and cause inflation. To be honest, they’re already doing that, via the purchase of corporate bonds. Yields depress and companies are able to buy all sorts of shit with the free money they’re borrowing.
No, buying the corporate bonds isn’t like helicopter money in the current economy.
Corporations overall have massive amounts of cash and can already borrow at very low rates. If they aren’t seeing investment opportunities at very low rates, the problem is lack of demand for increased output. “Real” helicopter money is meant to go straight into demand.
Huge amounts of the world’s cash is in hands, both corporate and human, that don’t plan to spend it.