Soaring Government Debt and the Specter of 'Fiscal Dominance' Take Center Stage at Jackson Hole - finance.biggo.com

Soaring Government Debt and the Specter of 'Fiscal Dominance' Take Center Stage at Jackson Hole - finance.biggo.com

Source: finance.biggo.com

DW NOTE

Central bankers gathering at Jackson Hole to discuss fiscal dominance is the monetary equivalent of arsonists convening to discuss fire safety. The Fed has held rates at 3.65% since July while the US deficit runs at $1.4 trillion through June — 3% higher than last year — with full-year projections at $1.9 trillion, or 6% of GDP. Gold trading at $4,654 tells you what the market thinks of their concern.

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