Words of Advice:

"We have it totally under control. It's one person coming from China. It's going to be just fine." -- Donald Trump, 1/22/2020

“We will not see diseases like the coronavirus come here..and isn't it refreshing when contrasting it with the awful presidency of President Obama."
-- Trump Press Secretary Kayleigh McEnany, 2/25/20

"I don't take responsibility for anything." --Donald Trump, 3/13/20

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

"Flying the Airplane is More Important than Radioing Your Plight to a Person on the Ground Who is Incapable of Understanding or Doing Anything About It." -- Unknown

"There seems to be almost no problem that Congress cannot, by diligent efforts and careful legislative drafting, make ten times worse." -- Me

"What the hell is an `Aluminum Falcon'?" -- Emperor Palpatine

"Eck!" -- George the Cat

Tuesday, December 16, 2008

Money For Nothing

The Federal Reserve cut its benchmark interest rate to zero to .25%.

So if you purchase a short-term T-bill, it is possible that you may get a negative interest rate, which means that you have to pay the government to hold your money for you.

3 comments:

BadTux said...

There will be no negative interest. At that point, folks will simply start shoving greenbacks under their mattresses. Let's see, do we buy ten thousand dollars of treasury bonds and pay $10,500 for the privilege, or do we buy 100 $100 bills and shove them under our bed? Hmm...

- Badtux the Depressed Penguin
(Hey, we're in a depression, so why not?)

Distributorcap said...

the govt couldnt pay me enough to take my money out of the mattress

Anonymous said...

The only folks who get that low rate are the damn bankers. Check the rate you pay for your credit - if you're lucky enough to have some.