Tag Archives: Gold

On Saving the Economy: Plan B

The antidote to a troubled macro environment since Keynes wrote the book in the 1930s Depression has been the dual demand-side sledgehammers of government deficit spending and monetary expansion. This has been Plan A to address a beleaguered economy and other things needing fixes. Having not worked miracles, governments at all levels across the globe are on to Plan B. Continue reading

Posted in The Spellman Report | Tagged , , , , , , | Leave a comment

What does Thomas Edison have to do with bonds and gold?

edison_thumb

In these times of economic upheaval, divergent opinions regarding future inflation exist side by side:  Either Grand-scale inflation or deflation, take your pick.  The differences are actually not side by side but at either tail of a subjective probably distribution … Continue reading

Posted in The Spellman Report | Tagged , , , , , , , , , , , , , , , , | 2 Comments

Ben Bernanke and the Implications of The Great Monetary Hail Mary

bernake

These are epic times in the developed world’s attempt to deal with the implications of government and consumer over-indebtedness. A general unshakable malaise has set in due to sluggish spending and a deleveraging banking sector, and as a result, employment … Continue reading

Posted in The Spellman Report | Tagged , , , , , , , , , , , , , | 1 Comment

Milton Friedman and the Monetarist Reflex: Can the Fed create inflation?

milton

These are complicated times, especially when it comes to inflation. An excess of debt, both private and public, has retarded the spending stream, resulting in sluggish economic growth. Given the Fed’s legislated commitment to prevent financial implosion and unemployment, rounds … Continue reading

Posted in The Spellman Report | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

The Bond Market Rocket and Fiscal Unsustainability Are On a Collision Path

rocket

Recently, the bond market has been in rocket mode. It has achieved liftoff and slipped the surly bonds of earth. And some believe it will keep going.  The price of the U.S. Treasury 10-year bond recently reached an all-time high, … Continue reading

Posted in The Spellman Report | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

The Financial Multipliers of Globalism and Ross Perot’s Giant Sucking Sound

RossPerot

Fed Chairman Bernanke testified last week that “the situation in Europe poses significant risks to the U.S. financial system and economy”. This indicates the extent to which financial globalism has become a controlling factor in U.S. economic and financial prospects … Continue reading

Posted in The Spellman Report | Tagged , , , , , , , , , , , , , , , , , , , | 1 Comment

Warren Buffet and the New Calculus of Gold

WARREN_BUFFET

There has long been a disconnect between gold and institutional investors. The instincts of these managers of large sums are typically tied to the generation of cash flows to feed the monster — that is, the institution’s cash flow needs. … Continue reading

Posted in The Spellman Report | Tagged , , , , , , , , , , , , , , , , , , , | 3 Comments