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
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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.