Secondary Sources: Financial Repression, Jobs and Growth, Daylight Saving Scam – Real Time Economics – WSJ<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Carmen Reinhart marks the rise of financial repression. \u201cFaced with a private and public domestic debt overhang of historic proportions, policy makers will be preoccupied with debt reduction, debt management, and, in general, efforts to keep debt-servicing costs manageable. In this setting, financial repression in its many guises with its dual aims of keeping interest … <\/p>\n
Continue reading “Carmen Reinhart: Financial Repression – WSJ”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,34],"tags":[605,1388,1858],"class_list":["post-3783","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","category-us-canada-countries-regions","tag-carmen-reinhart","tag-financial-repression","tag-interest-rates"],"yoast_head":"\nCarmen Reinhart: Financial Repression - WSJ - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Carmen Reinhart: Financial Repression - WSJ - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Carmen Reinhart marks the rise of financial repression. \u201cFaced with a private and public domestic debt overhang of historic proportions, policy makers will be preoccupied with debt reduction, debt management, and, in general, efforts to keep debt-servicing costs manageable. 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Under financial repression, banks are vehicles that allow governments to squeeze more indirect tax revenue from citizens by monopolizing the entire savings and payments system, not simply\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4898,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/19\/three-converging-factors-may-slash-economic-growth-by-71-daniel-amerman-safehaven-com\/","url_meta":{"origin":3783,"position":1},"title":"Three Converging Factors May Slash Economic Growth By 71% | Daniel Amerman | Safehaven.com","author":"Colin Twiggs","date":"July 19, 2012","format":false,"excerpt":"An excellent historical analysis of this issue can be found in the working paper, \"Debt Overhangs: Past and Present\", which was published by the National Bureau of Economic Research in April, 2012. Authored by Carmen Reinhart, Vincent Reinhart and Kenneth Rogoff, it examines 26 different \"debt overhangs\" that have occurred\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23053,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/12\/05\/gold-negative-real-interest-rates-here-to-stay\/","url_meta":{"origin":3783,"position":2},"title":"Gold: Negative real interest rates here to stay","author":"Colin Twiggs","date":"December 5, 2020","format":false,"excerpt":"The 10-year TIPS yield sank to -0.94% on Thursday, warning that the August to November mini-rally is over, with the Fed continuing to expand its balance sheet. Fed QE and negative real Treasury yields are likely to be with us for a long time, especially when we consider forecast Federal\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30600,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/01\/25\/dr-lacey-hunt-hoisington-asset-management-the-debt-trap\/","url_meta":{"origin":3783,"position":3},"title":"Dr Lacy Hunt, Hoisington Investment Management | The debt trap","author":"Colin Twiggs","date":"January 25, 2022","format":false,"excerpt":"From Dr Lacy Hunt at Hoisington Investment Management on the declining velocity of money: The Fed is able to increase money supply growth but the ongoing decline in velocity (V) means that the new liquidity is trapped in the financial markets rather than advancing the standard of living by moving\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"M2 Velocity","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-01-28-m2-velocity.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-01-28-m2-velocity.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-01-28-m2-velocity.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-01-28-m2-velocity.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":13981,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/","url_meta":{"origin":3783,"position":4},"title":"Economists Turn a Blind Eye to Historical Data | Bloomberg View","author":"ColinTwiggs","date":"August 15, 2016","format":false,"excerpt":"Barry Ritholz explains where many economists are going wrong when comparing the current recovery to previous recessions: Why are so many economists, journalists and asset managers using the wrong history for their analysis? In a word: context. As I have been pointing out for nearly a decade (see here, here\u2026","rel":"","context":"In "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3578,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/23\/canadas-household-debt-is-rising-wsj-com\/","url_meta":{"origin":3783,"position":5},"title":"Canada’s Household Debt Is Rising – WSJ.com","author":"ColinTwiggs","date":"February 23, 2012","format":false,"excerpt":"OTTAWA\u2014Increased household debt in Canada, underpinned by rising house prices and low interest rates, poses a key domestic risk to financial stability, the Bank of Canada said on Thursday. The finding, contained in the central bank's quarterly economic review, was the latest in a series of warnings from economists and\u2026","rel":"","context":"In "Debt Levels"","block_context":{"text":"Debt Levels","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/debt-levels\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/3783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=3783"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/3783\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=3783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=3783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=3783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}