by Claudio Grass
In the past few months, we have witnessed a series of defining events in modern political history, with Britain’s vote to exit the EU, (several) terror attacks in France and Germany, as well as the recent attempted military coup in Europe’s backyard, Turkey.
Uncertainty over Europe’s political stability and the future of the EU keeps growing. These worries are quite valid, as geopolitical developments have the potential to shake markets to the core. The current high-risk environment makes it especially important to take prudent investment decisions in order to protect one’s wealth.
Markets have greeted the rumors of helicopter money with intense enthusiasm, beginning with Ben Bernanke’s visit to Japan. This is a symptom of the economy’s addiction to loose monetary policy and “something for nothing” fiscal remedies.