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Why Helicopter Money Can't Save Us: We've Already Been Doing It For 8 Years

Why Helicopter Money Can't Save Us: We've Already Been Doing It For 8 Years

There’s a lot of talk going around these days about “helicopter money.”

For those unfamiliar, it’s billed as a kind of last Keynesian resort when ZIRP, NIRP, and QE have all failed to boost aggregate demand and juice inflation.

For instance, HSBC said the following late last month: “If central banks do not achieve their medium-term inflation targets through NIRP, they may have to adopt other policy measures: looser fiscal policy and even helicopter money are possible in scenarios beyond QE and negative rates.”

Morgan Stanley Has Had Enough: "When You Think Of Something, Do The Opposite"

Morgan Stanley Has Had Enough: "When You Think Of Something, Do The Opposite"

Three weeks ago Morgan Stanley did something unthinkable: it admitted the truth that in this centrally-planned "bizarro world" its "Advice Has Been Horrendous" explaining this revelation as follows: "for those who follow our portfolio, we did quite well over the five years from 2011-2015. But, our portfolio just had its worst month in 61 months in January, and things have not improved in February. The market is down more than we thought it would be. Our biggest sector bet has been financials (particularly credit cards).

Will Italian Banks Spark Another Financial Crisis?

Will Italian Banks Spark Another Financial Crisis?

Submitted by Jeffrey Moore via GlobalRiskInsights.com,

In the 14th century, the Medici family of Florence began its rise to prominence, investing profits from a thriving textile trade to fund what would become the largest banking institution in Europe.  The success of the legendary banking family helped to usher in the Italian Renaissance and thus change the world. Now, Italian banks seem poised to alter the world yet again.

Chinese Hackers Break Into NY Fed, Steal $100 Million From Bangladesh Central Bank

Chinese Hackers Break Into NY Fed, Steal $100 Million From Bangladesh Central Bank

Reports indicate that some of the stolen funds were traced to the Philippines, but given what we know about the "Cyber Axis of Evil," we can only suspect it was Iranians, Chinese, or the criminal/military mastermind Kim Jong-Un who was behind the scam, but whatever the case, someone, somewhere, hacked into Bangladesh's central bank on February 5.

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