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The Vulnerability of Private Wealth to Government Financial Stress
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QEs, Currency Wars, the Trillion Dollar Platinum Coin and the Route to “Modern” Inflation
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VIDEO - Texas Financial Market Roundtable 2012
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Roadblocks to Recovery an Interview with Dr. Lacy Hunt
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Frank Beck on Investing in Uncertain Times
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The Vulnerability of Private Wealth to Government Financial Stress
Search Results for: financial news
The Knockout Punch: Has America Turned to Socialism?
In the days following the election there was a numbing silence. It was as if the body politic was dazed by a heavyweight champion’s blow to the head. It staggered and sought clarity to understand what’s to become of our … Continue reading
Ben Bernanke and the Implications of The Great Monetary Hail Mary
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 Ben Bernanke, Competitive devaluations, David Rosenberg, employment, GLD, Gold, inflation, Keynesianism, M2, Milton Friedman, Monetary base, monetary hail mary, QE, QE3
1 Comment
Milton Friedman and the Monetarist Reflex: Can the Fed create inflation?
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
Warren Buffet and the New Calculus of Gold
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 BRK.B, BRKA, Collateral fails, Debt crisis, Default hedge, Fiat money, financial crisis, GLD, Gold, Gold asset class, Gold bonds, Gold prices, Gold Standard, Inflation hedge, Money, Reserve currency, Scarce collateral, Store of value, Warren Buffett, Warren Buffett and gold
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From the White Horse to the Black Robe: The Fed as the Fifth Estate of Government
At the Fed’s humble beginning almost a century ago, its designated role was to dispatch a cash-bearing armored car to a member commercial bank whose depositors had lost confidence and were in line at the door to exchange their deposits … Continue reading
Posted in The Spellman Report
Tagged economy, federal reserver
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Market View: March 2011
With recent volatility, I think a note on basic investing is valuable. First, markets move both up & down. Don’t get too elated when they make big moves up or too anxious when they make a big move down. Ask … Continue reading
Posted in Investment Perspectives
Tagged Mid-east turmoil, yuan to dollar
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Only the Shadow Banking System Knows
Since last October the stock market has been on a run. The Federal Reserve is now taking credit for it and indicating that it was a policy intention of the monetary leap forward known as Quantitative Ease. By the Fed’s own admission they are promoting financial leverage and don’t know the extent to which they are creating an asset bubble, a responsibility they now have the obligation to monitor and control. So far so good, but beware of a Black Swan Event leading to asset deleveraging. Continue reading
Posted in The Spellman Report
Tagged black swan event, money multiplier, QE2, repo market, shadow banking system
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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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About
In today’s unique macro financial environment, The Spellman Report analyzes the intersection of where the economy, economic policy and financial markets meet. The state of the economy, the policies pursued and their effects on financial market pricing no longer conforms … Continue reading
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The Great Recession: The Perfect Storm
The Great Recession of the first decade of the 21st century is now morphing into new dimensions. Unemployment, which rose to over 10%, is still remaining high with the all-in unemployment rate at over 17%. Job creation continues to be … Continue reading
Posted in The Spellman Report
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