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.
- The Vulnerability of Private Wealth to Government Financial Stress
- QEs, Currency Wars, the Trillion Dollar Platinum Coin and the Route to “Modern” Inflation
- VIDEO – Texas Financial Market Roundtable 2012
- Roadblocks to Recovery an Interview with Dr. Lacy Hunt
- Frank Beck on Investing in Uncertain Times
Tag Archives: Liquidity
The ECB lending program to banks is off and running. On the first day offered, low interest rates loans were subscribed by banks in the amount of $635 Billion, an amount greater than the Fed’s QE2 which took nine months to complete. This is a battle of whether liquidity will trump insolvency and stabilize government debt prices. If it does, it will set off an asset bubble in assets that thrive in low and stable interest rate environments. Continue reading