Citigroup Strategist: Central Banks Will Try to Monetize Government Debt When the Next Crisis Hits
To QE-infinity...and beyond.
It's more than helicopter money.
Source: BloombergThis article is for subscribers only.
The financial crisis was a hundred years' storm: an event so cataclysmic that it forced major central banks to flood the system with unprecedented liquidity and unconventional monetary policy.
So when the next shock hits, adding a cup of water might not be too much help.