Discover and read the best of Twitter Threads about #HELICOPTERMONEY
Most recents (7)
NEW: The Executive has agreed a £338m package of Covid-19 support. It includes £213m for businesses.
Another £150m has been set aside for a potential extended rates holiday for businesses from April.
Another £150m has been set aside for a potential extended rates holiday for businesses from April.
The £213m package for businesses includes:
• Additional £55m for rates-based grant scheme (£90m total) – extended to include non-essential retail, leisure and ents businesses required to close for two weeks
• £95m high street voucher scheme (via a pre-paid card)
• Additional £55m for rates-based grant scheme (£90m total) – extended to include non-essential retail, leisure and ents businesses required to close for two weeks
• £95m high street voucher scheme (via a pre-paid card)
Significant: £20m has been allocated for a scheme for company directors (previously excluded from support)
The #deficit #myth #deficitmyth by @StephanieKelton #MMT modern monetary theory
Myth N. 1: The #state should budget like a #household
#RealityCheck : unlike a household, a #SovereignNation, which owns its national #centralbank, issues the #currency it spends
Myth N. 1: The #state should budget like a #household
#RealityCheck : unlike a household, a #SovereignNation, which owns its national #centralbank, issues the #currency it spends
Myth N. 2: #deficit is evidence of #overspending
#RealityCheck: look to #inflation for evidence of over spending
#RealityCheck: look to #inflation for evidence of over spending
The purpose of #taxes is not to pay for #government expenditures but to help rebalancing the #wealth distribution #MMT
The @ecb response to #COVID19.
My new blog (link below) and a thread on what #centralbanks should do to face the crisis
(1/9)
My new blog (link below) and a thread on what #centralbanks should do to face the crisis
(1/9)
In short
- Households & firms need massive emergency #credit to cope with #COVID19
- #centralbanks are critically accommodating credit markets
- CBs must guarantee sustainable credit conditions
- CBs must ensure that credit go where it's needed
- #HelicopterMoney is option
(2/9)
- Households & firms need massive emergency #credit to cope with #COVID19
- #centralbanks are critically accommodating credit markets
- CBs must guarantee sustainable credit conditions
- CBs must ensure that credit go where it's needed
- #HelicopterMoney is option
(2/9)
#fiscalpolicy is crucial to ensure most vulnerable get the help needed. Ambitious fiscal plans have been pledged.
Volume and price countries get on markets is key to scale-up public response to #COVID19 and for #sustainability of sovereign debt.
(3/9)
Volume and price countries get on markets is key to scale-up public response to #COVID19 and for #sustainability of sovereign debt.
(3/9)
Reading all these calls for ‘stimulus’, one wonders, if Constantine XI had had a ‘technology we call the printing press’ would his city not have fallen to the besieging Ottomans in 1453.
Shame he hadn’t heard of Gutenberg’s newly invented gizmo...
#Fed #UST #coronavirus #ECB
Shame he hadn’t heard of Gutenberg’s newly invented gizmo...
#Fed #UST #coronavirus #ECB
“The bad news, Tommy, iss for your ze war iss over. Ze good is, your RAF has parachuted in a packet of £5 notes to ease your captivity”
#coronavirus #stimulus #centralbanks #HelicopterMoney
#coronavirus #stimulus #centralbanks #HelicopterMoney
Imagine if, during the Berlin Airlift, General Lucius Clay had not bothered flyng in food and fuel, but had just dropped Greenbacks.
You think Stalin might have chuckled?
#stimulus #coronavirus #COVID2019 #centralbanks #fiscal
You think Stalin might have chuckled?
#stimulus #coronavirus #COVID2019 #centralbanks #fiscal
14 countries have so far used some form of #castransfer and #basicincome program as #coronavirus response.
Here is what we know:
1. #Australia: one-time cash payment $750 to seniors, veterans and low-income people
Here is what we know:
1. #Australia: one-time cash payment $750 to seniors, veterans and low-income people
2. #China: expanding Dibao program’s value and coverage for affected families
3. #Hong-Kong: one-off cash injection to all 7M adult residents
4. #Indonesia: expansions of e-food vouchers by 33% for 6 months
3. #Hong-Kong: one-off cash injection to all 7M adult residents
4. #Indonesia: expansions of e-food vouchers by 33% for 6 months
Paese congelato da ieri
delta rispetto al Picco di Congestione del Traffico mattutino superiore al 50% sia a Milano che a Roma
Worst Case ad oggi
-32mld di PIL2020
Deficit/PIL =
-2.82% con +10mld deficit [+7mldUsc vs -3mldEnt]
-3,78% con Entrate ridotte di 12mld vs 2019
AD OGGI
delta rispetto al Picco di Congestione del Traffico mattutino superiore al 50% sia a Milano che a Roma
Worst Case ad oggi
-32mld di PIL2020
Deficit/PIL =
-2.82% con +10mld deficit [+7mldUsc vs -3mldEnt]
-3,78% con Entrate ridotte di 12mld vs 2019
AD OGGI
Ad oggi il maggior indebitamento in qualunque ipotesi con una contrazione così importante del PIL, porterebbe il rapporto debito/PIL italiano vicino al 140%...facendo scattare tutti gli alert di ristrutturazione del debito pubblico...sia Ex-Ante [#MES2] che EX-Post [MES attuale]
ma 30mld è solo quello che abbiamo perso fino a questo momento, allarghiamo l'orizzonte almeno fino al 03 aprile ipotesi a spanne su tutto il paese...
IPOTIZZIAMO CONTRAZIONE MEDIA NAZIONALE DEL 70% dall'8 marzo al 03 aprile:
👉PESA 86MLD
più tutto il tempo per tornare a regime
IPOTIZZIAMO CONTRAZIONE MEDIA NAZIONALE DEL 70% dall'8 marzo al 03 aprile:
👉PESA 86MLD
più tutto il tempo per tornare a regime
Vacation time 🙂I'm currently in beautiful Oregon, US. Been flying, rafting, hiking, eating and playing with the kids - great time! Now - small break to update myself on the markets. Stay tuned for some #HZupdates
Where the #USD goes, rest of the market follows! Getting the direction of USD right is key. This is how I see #DXY short term. Further downside to develop - with target ~95.0. This is likely a major bottom - before DXY explodes higher #HZupdates
Following the ST weakness in #DXY, I think we will see much higher levels coming , as the shortage of USDs in the financial system becomes very clear. The target remains 107-109 - pot. higher to be reached some time around Mid-2020 #HZupdates
