Seven Questions of the Day

Jeremy Siegel is at it again, bless his heart.

Four years ago he warned us about the Great American Bond Bubble. He told us that bond yields were far too low to protect us from rising interest rates. For the record, and using the best hindsight analysis this side of the Mississippi, we can clearly see four years of additional ZIRP have occurred. The rising interest rate environment failed to materialize. Big shocker. Fortunately, as he was warning I was buying. 2011 was one of the biggest bond trading years of my life. I backed up the truck on 30-year TIPS with intent to hold to maturity. Still holding! No complaints!

So what is this wizard of Wall Street saying now?

February 17, 2015
Siegel: Need better growth before rate hike

F#%*^ing hilarious! If we cannot get the kind of growth he needs to see with a rapidly falling unemployment rate then how can we ever get it? I have news for him. Growth probably won't be picking up once the unemployment rate can fall no further. That should be obvious to all. I therefore offer the following as my questions of the day.

1. What is the true value of a Wharton School Economics degree?
2. Why does Jeremy Siegel appear so often on CNBC?
3. Can every Wharton School graduate expect to appear on CNBC?
4. If not, will Starbucks be hiring?
5. How much additional training will that require?
6. Will coffee prepared by an Ivy League barista taste any better?
7. How much longer will the era of economic sarcasm last?