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ECB weighs a helicopter money-drop program to spark euro economy
Will he or won’t he? The question applies to Mario Draghi, president of the European Central Bank. Will he fire up the ECB helicopter and drop bundles of euros hither and yon to stimulate the euro zone economy and stoke inflation? The Bundesbank – the German central bank – and Germans in general hate the very idea, which means it can’t be all bad. It’s a sentiment they better get used to, because the helicopter drops have gone from unthinkable to somewhere between possible and likely, not just in Europe, but also in Japan. And in spite of what the enraged Germans think, freebie euros landing in personal ... (full story)
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- The Fool
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"If The Fool persists in his Folly he will become wise." - William Blake
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Beware of robber banks (RB), bad advisors.