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Can Coronavirus Helicopter Money Bring Markets Back to Life?
The prospect of a massive coordinated fiscal response to the coronavirus’ awful spread has given risker assets across the financial spectrum some hope, the first they’ve had in weeks of relentless battering that has wiped out years of patient stock market gains. Developed market governments are at last clearly prepared to spend big to combat the contagion’s effects, but whether even multi-billion-dollar packages can buy sustainable recovery from this will now obsess investors. Governmental will is clearly there. From New Zealand through to France and the United Kingdom, fiscal packages unprecedented in ... (full story)