Saturday, March 28, 2015

Quote of the Day

March 27, 2015
Fed's Yellen sees gradual rate hikes starting this year

Yellen said that if economic conditions evolve how the Fed's policy setting committee anticipates, "I would expect the level of the federal funds rate to be normalized only gradually, reflecting the gradual diminution of headwinds from the financial crisis and the balance of risks I have enumerated of moving either too slowly or too quickly."

1. If ifs and buts are candy and nuts then savers will all have a Merry Christmas!

2. If 35 years of falling interest rates can be considered normal, then by God she will be doing all that she can to normalize interest rates. In Yellen we trust! Says so right on the currency!

In God We Trust

The change from "E Pluribus Unum" to "In God We Trust" was generally considered uncontroversial at the time, given the rising influence of organized religion and pressures of the Cold War era in the 1950s. The 1956 law was one of several legislative actions Congress took to differentiate the United States from atheistic Communism.

Our currency is not backed by a god. It's backed by taxpayers. Heaven help us all over the long-term.


Stagflationary Mark said...

March 27, 2015

"It's a miracle," Patterson said. "God was watching over Aim High Academy."

There's no mention why God was unable to save the non-profit gym for underpriveleged youth. Perhaps Satan actually won a tactical victory here. Aim High Academy did, in fact, collapse.

Or perhsps it was just a sign from God that we must all aim lower? Expectations about the future are way too optimistic?

In all seriousness, it is good nobody was hurt. Let's not credit God for it though. I was unhurt as well yesterday and with far less drama. No miracle was even needed.

Mr Slippery said...

God doesn't have time for tornadoes. He is too busy choosing the outcome of sporting events and helping individual athletes. That's why God is usually credited at the end of the game.

Stagflationary Mark said...

Mr Slippery,

You make a great point. This would also explain why Goldman Sachs has to do "God's work" for him. The omnipotent one is just too darned busy.

With infinite power comes infinite responsibility though. If he's not able to do *all* his own work then he needs to step down and let a younger more energetic demigod take his place, or at the very least outsource his more labor intensive work to China. If they are willing to do the jobs that Americans don't want, then surely doing God's work would be a step up.

mab said...

Our currency is not backed by a god.

Maybe our currency IS god. Lots of people worship it!

Stagflationary Mark said...


I'd like to think that. I've folded it in half and sat on it more times than I can count. And not once has it forsaken me!

Is it any wonder so many worship it? What an easy going god! And as proof, if there's one thing we know about money it is:

Easy come, easy go.

mab said...

Easy come, easy go. Yes, in most cases. And:

Nothing comes from nothing

If there is one thing we know, it's that the universe is flat!

Time to let go of the Einstein nonsense? Never!

Stagflationary Mark said...


He who can destroy nothing, controls nothing.

Without loose change, something sleeps inside of Sears and seldom awakens. The anonymous sleeper must awaken! Not my style!!

We are all Dune'd. Dune'd I tell you!!

mab said...

We are all Dune'd.

In the long run, we're all Dune'd. In the shortrun, at least we're Fre(e)men. Or at least we think we are.

Beer is the mind killer! But it sure is a nice way to wash down some "spicy" wings!

Stagflationary Mark said...


Hahaha! This is by far the best reason to blog. I get a good laugh at least once a day. :)

We foresee a slight problem within House Atreides. There is no housing bubble to go bust though.

It is by bills alone I set my debt in motion. It is by the rates of Yellen that spending acquires speed, the lips acquire smirks, smirks become a warning. It is by bills alone I set my debt in motion.

Try looking into those long bonds where you dare not look, you'll find Jeremy Siegel there staring back at you.