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.
2 comments:
Or 100 (or 101) to get 99.
you'd like me to keep my numbers consistent? in an economic environment like this?
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