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.


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.