Gold has outperformed the S&P 500 since Bernanke’s speech in Nov. 2002
Gold traded at $300 an ounce. Last week gold reached a new record high of $2,619.90 an ounce.
Fed Gov. Ben Bernanke delivered an interesting speech.
“Deflation: Making Sure ‘It’ Doesn’t Happen Here,”
The future Fed chief referenced Milton Friedman’s ‘helicopter drop of money,’ he argued for a range of policies including Fed-financed government spending to ward off deflation, were it close to happening.
MarketWatch 23 September 2024
Helikoptrarna närmar sig mars 21, 2020
https://englundmacro.blogspot.com/2020/03/helikoptrarna-narmar-sig.html
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