(Source: Zero Hedge)
With the Fed’s Stanley Fischer yesterday reminding everyone of what Jim “QE4” Bullard said a month ago when he hinted that the Fed may be hiking rates only to slam the economy into a recession thus leading to a prompt rate cut (also known as the top Jean-Claude Trichet trade of 2011) and then launch QE4 promptly thereafter, some have wondered – what will the Fed’s next quantitative easing episode looks like?
The reason for the confusion is that in recent public statements, Yellen has expressed a concern with not only market overvaluation but also complacency: which is why using even more Fed reserves to prop up the artificially inflated and ever more illiquid markets would be myopic as it would push stocks even recorder without leading to any economic benefits and certainly no benefits for 90% of the population.
We got a glimpse of just what Yellen has in mind for the next ‘monetary transmission mechanism’ yesterday, when a mystery drone appeared above the Rosa Parks Circle in Grand Rapids, Michigan and literally rained down money on the people below, leading to what the Mail describes as a “cash-grabbing frenzy.”
Clearly this was merely a small trial of the upcoming monetary paradrop: “Children and adults scrambled to collect the bills as an estimated $100 was released above picnickers, amid suggestions the operators were seen on top of a nearby JW Marriot Hotel.”
Needless to say, QE4 will be a hit with children… “Unsurprisingly, the stunt proved to be a hit with children who were picnicking at the park with their parents.”
So far, no one has claimed responsibility for the monetary paradrop. Perhaps someone can ask a Fed official during their endless, daily public appearances on the record just when this beta test will go gold, er, paper.
Continue Reading at ZeroHedge.com…
Alan is serial entrepreneur, active angel investor, and a drone enthusiast. He co-founded DRONELIFE.com to address the emerging commercial market for drones and drone technology. Prior to DRONELIFE.com, Alan co-founded Where.com, ThinkingScreen Media, and Nurse.com. Recently, Alan has co-founded Crowditz.com, a leader in Equity Crowdfunding Data, Analytics, and Insights. Alan can be reached at alan(at)dronelife.com