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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
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VIDEO – Texas Financial Market Roundtable 2012
The economic, financial and public policy issues associated with debt overload and bank runs is discussed by Dave Rosenberg, John Mauldin and Rich Yamarone. Professor Lew Spellman of the McCombs School of Business moderates. If you enjoy this blog, … Continue reading
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QEs, Currency Wars, the Trillion Dollar Platinum Coin and the Route to “Modern” Inflation
Tag Archives: Poor Uncles
Why These People Are Smiling: Is There No Atlantic Wall of Financial Protection for the U.S.?
We had some more fancy footwork and relieved smiles from Angela Merkel and Nicolas Sarkozy this past week. The reason for the smiles is not that the Euro debt crisis has been resolved, but they believe they have found a … Continue reading
As Greece Goes, So Goes Europe: How the Unthinkable Happens
The Maastricht Treaty of 1992, which created the Eurozone and the European Central Bank (ECB), requires fiscal responsibility of its members. Annual fiscal deficits relative to GDP were not to exceed 3 percent, and cumulative debt was supposed to be … Continue reading
On the Ratio of Rich to Poor Uncles
Once again the fragility of the European PIIGS sovereign risk is findings its way back into the news which is another problem the global economic and financial community would like to be without. The pricing of Greece’s sovereign debt has … Continue reading
Posted in The Spellman Report
Tagged bank insolvencies, Contagion, Debt Satiation, government debt multiplier, Greek Debt, kicking the can down the road, Poor Uncles, Rich Uncles, Rule of Law, Sovereign Default
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