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- The Vulnerability of Private Wealth to Government Financial Stress
QEs, Currency Wars, the Trillion Dollar Platinum Coin and the Route to “Modern” Inflation
A government faced with financing its deficits in quantities some multiple of private saving must resort to monetary schemes in order to keep its promises to spend. Monetary schemes are essentially costless ways to pay the government’s bills today while … Continue reading →
About the Spellman ReportLew Spellman is a Professor of Finance at the University of Texas McCombs School of Business. The Spellman Report seeks to interpret current and future trends in the economy and financial markets from the perspective of history, theory, policy and market expectations.
Category Archives: Readings
America’s Baby Bust By JONATHAN V. LAST http://online.wsj.com/article/SB10001424127887323375204578270053387770718.html?mod=googlenews_wsj
The White House makes projections of government deficits and debt accumulation such as contained in the Budget and the Economic Report of the President. Politicians being politicians thrive on good news and find ways to suppress the less flattering, better … Continue reading
When markets are moved by phenomena such as the Carry Trade and Flight to Quality among currencies market pricing is not likely to conform to what is commonly known as The Efficient Market Hypothesis. In the attached James Montier from … Continue reading
Link to article: ‘Global Bear Rally Of 2009 Will End With Japan’ from John Mauldin’s Outside the Box