Preserving the Debt: The Helium Express

Posted on March 9, 2012 by
balloon

How much country debt is too much? This is an issue of relativity. In this case relativity depends on the income flows from which debt service can be paid. Whether the debt belongs to the consumer or the government, the … Continue reading →

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2012: Off to a Good Start; More to Come

Posted on February 14, 2012 by
image008

Contact Beck Capital Investments In December, when my 2012 view became positive, I questioned whether I was misinterpreting the value of the LTRO and the Chinese reduction in their Bank Reserve Requirements, as I appeared to be alone in my … Continue reading →

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Financial Repression: The Unintended Consequences of Saving the Sovereign

Posted on February 4, 2012 by
uninteded_consequences

What’s new has often been lived before, but sometimes it’s not pretty. Presumably that’s what Clarence Darrow meant when he said, “History repeats itself, and that’s one of the things that’s wrong with history.” It is becoming increasingly clear that … Continue reading →

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Liquidity and Asset Bubbles, But Only if the Dam Holds

Posted on December 26, 2011 by
liquidity_asset_bubbles

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 →

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How Monetization Happens: Being at the Helm When the Ship Goes Down

Posted on November 18, 2011 by
ship1

The consequences of excess debt are now facing the leaders of Europe head on, and a monumental decision must be made whether explicitly or implicitly. Excess debt leads to a long chain of D words: Deleveraging in an attempt to … Continue reading →

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The Dumpster for Toxic Euro Sovereign Debt

Posted on November 1, 2011 by
dumpster

Some might be wondering why the euro zone rescue focus turned to saving banks as opposed to saving governments. The reasons are illuminating. Consider the following: When a government has a debt bulge, the debt must be held as someone … Continue reading →

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Frank Beck on Investing in Uncertain Times

Posted on October 28, 2011 by
frank-beck

Contact Beck Capital Investments

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Uncharted Waters Ahead Government Debt Options

Posted on October 6, 2011 by
Uncharted_Waters
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Dominos: From Financial Crisis to Economic Crisis to Government Crisis

Posted on October 4, 2011 by
domino_free1

The dominos are falling. It’s the modern version of a 1930’s bank run. Since everything is bigger (the leverage) and faster (the computers) these days, so is the downfall in financial prices and institutions. The lead domino is an asset … Continue reading →

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Turn Out the Lights, the Party’s Over

Posted on September 7, 2011 by
party_over1

Invitation: Unchartered Waters Ahead: I will be giving a McCombs Alumni Lecture/Discussion (open to the public) Wednesday, Sept. 14, starting at 7:30 p.m. at the AT&T Conference Center just off campus. The content will be the likelihood and effects of … Continue reading →

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