Albert Edwards: The ice age is nearing the end (because helicopter money is coming)
“Notwithstanding short-term market gyrations, I am now more convinced than ever before that the coming deflationary bust will take the US 30y yield below zero. I am also convinced that helicopter money will be the chosen way out of this deflationary quagmire, especially as it becomes increasingly clear that there is now no way left to reverse every government’s exploding fiscal liabilities. The Ice Age is nearing the end.” – Albert Edwards, SocGen
USAGOLD note: Edwards says that helicopter money will be much more effective in igniting inflation than quantitative easing.
Repost from 2-10-2020