The interest rate on Federal 10 Year Treasury Bonds went negative this morning. That means that investors are paying the federal government money to hold their money.
Also, I ate some of the brownies in the tupperware container, and now the lamp won't stop staring at me.
Both sentences suggest madness. Only the first one is true. I mean, the point of investing is to gain money, not lose it more slowly in one place rather than another. If George Bush calls a press conference this afternoon and tears off his face, revealing that a cabal of insectoid aliens have been running the government ever since the Nixon administration, it will not be an appreciable addition to my amazement.
Watch the lights flicker off on the ticker at RealClearMarkets.
Friday, September 19, 2008
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2 comments:
What if it was a cabal of reptilian aliens running the government? Would that be surprising?
Well, obviously. Insects display a greater propensity for social organization- who wouldn't be surprised by reptiles?
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