Is Helicopter Money already here?

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In my latest Howe Street interview, I attempt to explain how the Fed and Treasury have already launched helicopter money via their special purpose vehicle (SPV) that is being used to inject US$750 billion into the credit markets. I explain how the SPV fits into Bernanke's helicopter money framework which he outlined in 2016.

Is that Jerome Powell in the pilot's seat?

I have tendency to talk fast in some of these interviews and INK videos, something I am trying to avoid. However, on Wednesday I was more up-tempo than usual, maybe because I just got back from a morning run. As I was zooming through the narrative I messed up on the S&P 500 Index suggesting it might have made a new all-time high on Wednesday. It did make a new high, but it was instead a new high for the "COVID-era" as Bloomberg's John Authers terms it.

Nevertheless, I did get it right about the gold-silver ratio making a new COVID-19 era low. We'll have to see if that low holds on Thursday. I also talk about Sona Nanotech (SONA) which I first discussed in INK Chat back on April 5th.They are awaiting field trial results to be able to move their COVID-19 test to commercialization. I am long the stock because I believe it could be testing game changer if their trials are successful. However, this stock is not for the risk averse.

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