Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Humble Student of the Markets (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Still on the Road to Financial Repression

% of readers think this story is Fact. Add your two cents.


The Fed’s annual Jackson Hole symposium is intended for participants to discuss the challenges they face and the long-term implications of different ways of thinking about monetary policy. Much like the ASSA conference held every January or the annual ECB conference in Sintra, it’s full of academics giving papers with Greek letters lying on their sides, except that the presenters at Jackson Hole tend to be top-notch academics presenting to the world’s leading central bankers.
Almost every year, at least one paper creates a buzz among attendees. This year, that paper was entitled, “The Race Between Asset Supply and Asset Demand” by Auclert, Malmberg, Rognlie, and Straub (AMRS). The paper modeled the supply and demand for U.S. Treasury debt, and came to the startling conclusion that “debt could reach 250% of GDP without pushing up interest rates”. 
Coincidentally, the nonpartisan Committee for a Responsible Federal Budget published its August forecast incorporating the effects of the OBBB Act and the latest Trump tariffs. The latest projection sees the debt held by the public rise from about 100% of GDP in 2025 to 120% by 2035, an increase of 2% from the Congressional Budget Office’s forecast. An alternative scenario where much of the Trump tariffs are made illegal by the courts would see debt to GDP soar to 134% in 2035.

I had suggested about a month ago that fiscal dominance and financial repression is almost inevitable: The Fed will be faced with a regime characterized by high fiscal deficits and growing pressure for the Fed to help finance. The Fed will follow the path of the BoJ of cutting short rates, restarting quantitative easing and yield curve control to suppress long rates (see Will the Next Fed Chair Matter Much to Policy?). The AMRS paper raises questions about the level of flexibility available to monetary authorities in the coming years.

The full post can be found here.

Special announcement: Humble Student of the Markets will cease publication on March 31, 2026. See this announcement for more details and updates.  


Source: http://humblestudentofthemarkets.blogspot.com/2025/08/still-on-road-to-financial-repression.html



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.