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Ride of the “Volkyries”
If the current episode of monetary tightening were a scene from a movie, we’d be looking at something similar to the scene from Apocalypse Now, where a group of helicopters is approaching a small village on the beach with Wagner’s Ride of the Valkyries beaming from the speakers. Parallels between central banks and helicopters are not uncommon: Milton Friedman played with the theme (“helicopter drops of money”) and Chair Ben Bernanke earned a helicopter-themed moniker (“Helicopter Ben”). But then, consider… …that helicopters are just vehicles. In helicopter analogies, it’s not the vehicle, but their ... (full story)
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- May 14, 2022 2:31pm May 14, 2022 2:31pm
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yieldjunkie - Joined Dec 2020 | Status: Member | 119 Comments
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- Posted: May 13, 2022 10:45pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 1,341
