Weird Things You Might Want to Grapple With

A couple of weird things I've been thinking about, so you can ponder them too:

1) we now live in an age of negative interest in the global bond market . . . so instead of keeping your millions and millions of dollars and/or francs in an insured vault, with a guard, and all that overhead, you invest them in a bond that you buy for a hundred dollars, and this bond promises to pay you back $99 . . . which is weird enough, but some of these bonds have gotten so popular, that you can sell your $100 bond to someone else for $101 dollars . . . the new episode of Planet Money: I Want My Money Back explains this phenomenon better than I can . . . but it still doesn't fully explain it;

2) weird thing number two is that the anti-union, free-market champion billionaire industrialist Koch Brothers dislike Donald Trump . . . and I dislike the Koch Brothers of course, as they're against public education funding and teacher's unions and me getting a pension and sucking off the government teat until I die . . . but I'm certainly not for Donald Trump, but it seems I should be happy about what he's doing to the Republican Party . . . win or lose-- and he will most certainly lose, Trump may prove to be a boon to the working man, even if he is a douche, because it's probably better to be a douche than an ultra-rich, ultra-tactical free market fundamentalist in an economic environment where you happily put ten dollars in a bond in order to get back nine.


zman said...

Or 100 (or 101) to get 99.

Dave said...

you'd like me to keep my numbers consistent? in an economic environment like this?

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