It's Raining Money
Jim Puplava on the explosion of global liquidity that central banks are undertaking:
- The world is awash in liquidity with helicopter money that is printed out of thin air and dumped on to the financial system. Central banks everywhere are injecting vast amounts of credit and money into the financial system. Fiscal and monetary policy is focused on reflating the global economy. Money is literally being dropped from helicopters on to the financial system and the economy.
Comments (2)
Wild Pegasus
I think Mr. Puplava needs to learn the definition of 'literally'.
- Josh
Published: February 24, 2004 12:04 PM
Brian Macker
Greenspan is throwing so much money out of the helicopter that polar bears are "literally" turning green. I once knew a Dr. Paine and have always been intrigued by people whose names match their profession. In this case "Green" as in money and "span" as in over arching. http://www.cnn.com/2004/TECH/science/02/25/singapore.green.bears.ap/index.html
Published: February 25, 2004 5:39 PM