The daily irrelevant: laughing all the way to the bank
A lobbyist on his way home from Parliament is stuck in traffic. Noticing a police officer, he winds down his window and asks: ‘What’s the hold-up?’ The policeman replies: ‘The Prime Minister is so depressed he’s stopped his motorcade and is threatening to douse himself with petrol and set himself on fire. ‘He says no one believes he can get us through the credit crunch. So we’re taking up a collection for him.’ The lobbyist asks: ‘How much have you got so far?’ The officer replies: ‘About 40 gallons, but a lot of people are still siphoning.’
OUCHIE!
ReplyDeleteOh joy, yield starved investors are putting their "money" to work in productive endeavors like tax avoidance dividend schemes for private (in)equity "investments". It was only a matter of time until the stupidity ramped up again.
ReplyDeleteThe sad part is that all this "money" that all these "investors" are throwing around should not even exist. It should have vanished into the ether when it was discovered to be fraudulently issued credit.
Rather than CONtinually bailout bad investments, the Fed should declare that people should use their money wisely and productively or it will vanish!
http://www.bloomberg.com/news/2010-09-28/dividend-deals-most-since-2007-as-leveraged-loans-heat-up-credit-markets.html
I saw that 5 year TIPS rates are at - 0.16%. Crazy.
GYSC,
ReplyDeleteI should not be laughing at this joke of course. I should not be, lol.
mab,
I saw that 5 year TIPS rates are at - 0.16%. Crazy.
TIPS like that are really going to hurt our service economy long-term!
I've got Makay on drums. Let's give him a round of applause.
Do we have anyone from Texas in the audience?
September 10, 2010
Real estate agents flock to island for convention
Hot topics at this year’s convention include tapping into the baby boomer market and preparing for a wave of folks who are soon to retire. Members also will discuss how to effectively use social media such as Facebook to reach buyers and the fast-growing segment of real estate-related iPhone applications.
Tap them before they are tapped out!
Thank you. Thank you very much. I'll be performing here all year.
I am now in Taiwan at my office and yahoo just showed TIP at near 110. Jesus.
ReplyDeleteCoba
Coba,
ReplyDeleteAnd Bloomberg shows the 5-year TIPS yield at MINUS 0.16%. Yay! I own that one. Sigh.
Don't even get me started on the 30 year TIPS I bought in February at a discount (below $100). It's $114+ today.
The fixed I-Bond rate for new purchases is SO going to be 0.0% in November if this continues. Strong recovery my @$$.