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- Economic Direction as Seen Below the Radar
- An Ode to George Bailey, Credit in a Banking-less World and How Much QE Is Enough
- The Writing Is on the Wall: There Will Be Wealth Taxes
- The Writing Is On the Wall: Wealth Protection in Today’s Environment
- The No Mo or Mighty Mo Forecast and Harry Truman’s Quest for a One-Armed Economist
- 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.
Tag Archives: Unanticipated inflation
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