What is Helicopter Money ? Why the Central bankers are using the term so frequently now?
The instant reference that can be drawn towards the Hollywood/Bollywood, kind of Robbin hood stories where the hero/villain throws money from the helicopter in the villages. Jokes apart
Getting back to economics “Helicopter money” is the term economists and market-watchers use for an aggressive form of monetary stimulus — the government’s power to print money — to try to spur growth and get inflation higher. There had been buzz that the Bank of Japan could move in that direction, but it elected to take only a smaller action. The bank did say it would do a “comprehensive review” of policy in the months to come that could presage more coordination between the bank and the Japanese government. Continue reading “What is Helicopter Money?”
Continuing with market forecasting – The strongest predictor of rising into the ranks of superforecasters is perpetual beta, the degree to which one is committed to belief updating and self-improvement. It is roughly three times as powerful a predictor as its closest rival, intelligence.
To paraphrase Thomas Edison, superforecasting appears to be roughly 75% perspiration, 25% inspiration.
Here is a philosophic outlook, about superforecasters and they are rare breed:
CAUTIOUS: Nothing is certain
HUMBLE: Reality is infinitely complex Continue reading “Forecasting the Market – II”
The FOMCwas one of the biggest event that I use to trace continuously while trading commodities futures. The event
held yesterday and the minutes released Wednesday cover the July 31-Aug. 1 policy meeting. The Fed releases the minutes of its private discussions three weeks after each meeting. The policy committee will next meet Sept. 12-13.
Early reaction in the stock and bond markets was positive but muted. The price of gold, Continue reading “FOMC MEET ( Federal Open Market Committee )”