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$34T debt triggering 2025 meltdown as mortgage rates spike above 7%
- JumpCrisscross 3y agoThis is literally a story about the gut feelings of a middling financial academic [1]. His one macroeconomic paper starts with "how should monetary policy respond to evolving financial conditions?," and then answers it with a toy DSGE model [2]. [1] https://fnce.wharton.upenn.edu/profile/gomesj/#research\ https://fnce.wharton.upenn.edu/profile/gomesj/#research\ [2] https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4393209 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4393209
- 15457345234 3y agoI've noticed that the first three pages at the moment contain a lot of overly political hey-be-anxious-now type submissions. Guess someone somewhere is trying to jerk a chain.
- bdjsiqoocwk 3y agoWanna tell us what the claim even is, exactly? Is it that if the US doesn't reduce its deficit investor will stop buying its debt for fear of default?