Seen on the street in Kyiv.

Words of Advice:

"If Something Seems To Be Too Good To Be True, It's Best To Shoot It, Just In Case." -- Fiona Glenanne

“The Mob takes the Fifth. If you’re innocent, why are you taking the Fifth Amendment?” -- The TOFF *

"Foreign Relations Boil Down to Two Things: Talking With People or Killing Them." -- Unknown

“Speed is a poor substitute for accuracy.” -- Real, no-shit, fortune from a fortune cookie

"If you believe that you are talking to G-d, you can justify anything.” — my Dad

"Colt .45s; putting bad guys in the ground since 1873." -- Unknown

"Stay Strapped or Get Clapped." -- probably not Mr. Rogers

"The Dildo of Karma rarely comes lubed." -- Unknown

"Eck!" -- George the Cat

* "TOFF" = Treasonous Orange Fat Fuck, A/K/A Dolt-45,
A/K/A Commandante (or Cadet) Bone Spurs,
A/K/A El Caudillo de Mar-a-Lago, A/K/A the Asset., A/K/A P01135809

Wednesday, March 4, 2009

Fuck. Just "Fuck." I am Going to Go to Bed and Pull the Covers Over My Head.

From Krugman:

3-month Treasury bills have zero interest. In that you'd probably have to pay a handling fee, they're no different from renting a safe-deposit box and stuffing it full of currency. Look at the chart and see when the last time was that they were at a zero interest rate.

2 comments:

BadTux said...

Go look at Krugman's blog a couple days ago, when he talks about what happens when interest rates hit the zero boundary. I.e., at the zero boundary, you can print all the cash you want and it just goes under mattresses, either physical ones or virtual ones (like the $4 *trillion* that Bernanke printed and that the banks swiftly stuck into their electronic vaults at the Federal Reserve, not to touch, because at the zero boundary cash effectively substitutes for short-term lending). Krugman has the equations. They match what I just described, just more mathematically.

We are so, so fucked...

- Badtux the Sore Penguin

Karen Zipdrive said...

NPR had a feature about zero interest T Bills, saying people were just parking their money there for lack of any better ideas.
BadTux summed it up- we are totally fucked.