Federal Reserve chairman Ben Bernanke once said central bankers should drop money on beleaguered economies by helicopter, as necessary. But veteran strategist Marc Faber is unimpressed, saying it tends to land in the wrong place.

For now, central bank money drops should continue to push up stock market prices, benefiting distressed assets which have not, as yet, benefited from inflows. Four months ago, southern European bonds and equities fell into that category, and Faber was among the investors to pile in.