Daily Archives: August 15, 2016

Helicopter money and other absurd ideas

Monetary policies run dry… High Frequency Economics Chief Carl Weinberg discusses so-called helicopter money. Pimco Executive Vice President Tony Crescenzi also speaks on “Bloomberg Surveillance.” Here is a direct video link.

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Subprime auto: debt crisis in the making

The subprime auto industry boomed over the past 6 years on a familiar foundation of lax lending and packaging sketchy loans as investments–similar to the 2008 sub-prime mortgage crisis. For more see: “They had created this remarkable system for taking … Continue reading

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Long-always bias writ large: 5.8% cash levels, highest since 2001

A recent survey from Bank of America Merrill Lynch reinforces my comments (see:  Captive money is not ‘smart’ for investors) about the fee-maximizing bias of financial firms to have client capital fully allocated to risky assets at all times:  last … Continue reading

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