Tag Archives: Sector Balances

Update December 2016: Italians rejected the referendum that seeks to increase power of the prime minister and reduce power of the two chambers parliament. Prime minister Renzi has promised to resign. This opens the door for new elections, in which the anti-euro parties Movimento 5 stelle (5 star movement) and Lega Nord (Northern League) may strengthen. ————————————————————————————— Update December 2013: Bear in mind...

After today’s uneventful Fed announcement, all eyes turn to the BOJ where many anticipate some form of “helicopter money” is about to be unveiled in Japan by the world’s most experimental central bank. However, as Nomura’s Richard Koo warns, central banks may get much more than they bargained for, because helicopter money “probably marks the end of the road for believers in the omnipotence of monetary policy who have...