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List of premature obituaries
Samuel Taylor Coleridge: in 1816 the writer heard his death mentioned in a hotel by a man reading out a newspaper report of a coroner's inquest. He asked to see the paper, and was told that "it was very extraordinary that Coleridge the poet should have hanged himself just after the success of his play [Remorse]; but he was always a strange mad fellow". Coleridge replied: "Indeed, sir, it is a most extraordinary thing that he should have hanged himself, be the subject of an inquest, and yet that he should at this moment be speaking to you."
Source Data:
St. Louis Fed: 1-Year Treasury Constant Maturity Rate
U.S. Treasury: Daily Treasury Yield Curve Rates
In all seriousness, if we were actually getting closer to the end of ZIRP then wouldn't we expect the yield on the 1-year treasury to rise at some point?
ReplyDeleteI know. Crazy theory. Hey, I never claimed to be a mainstream economist.
ZIRP *is* the zombie apocalypse.
ReplyDeleteWho Struck John,
ReplyDeleteOf course! It all makes sense!
ZIRP = Zombies Inhibit Real Prosperity
Damn. Now I've got blog naming remorse. "Illusion of Prosperity" only describes the symptoms, not the actual cause, lol. Sigh.
LOL, that's a great one, Mark!
ReplyDeleteWho Struck John,
ReplyDeleteThere can be no RIP as long as the Z exists! ;)
The central banks are certainly vigorously fighting World War Z - on the side of the zombies!
ReplyDeleteWho Struck John,
ReplyDeleteNice, lol.