Tuesday, December 9, 2008

"Bizarro World"

Today, the short-term treasuries rate went negative. Think about that for a moment. That means we paid the government money to borrow money from us. Again -- we lent money to someone, and we paid them for the privileged of letting us lend them money. And yet people are foolish enough to be buying stocks right now.

2 comments:

Konrad said...

Belated happy birthday.
I noticed something odd about the way your blogs are being posted. The one for the 5th went up and then nothing till today (late, I think). It was an entry for the 6, 7 and then 2 for the 9th. Is this by design or is there a problem with technology?

Rick said...

Hi Konrad,

This is by design. I try to keep a steady posting schedule, but sometimes I can't. When I have some free time, sometimes I write several posts and predate them for the next few days to give a steady stream, but sometimes I have to get back from a trip or something and write a few posts and postdate them. As a result, you can suddenly get three or four days worth of new posts.