When does the attitude towards risk change? When people start believing there is less risk in the market, they will not be willing to pay as much for treasury bonds, considered to be “riskless” in value. But when the market is judged to be very risky, people will pay a premium for a treasury bond. [...]
If you havent seen the shoe thrown at president bushs face, youre in for a treat. Unless, of course, your entire family and country were wiped out by a case off the “oops, mismanagement!” bug. Kind of a flashback to the Deep Throat Mark Felt Nixonian debacle…
Late Thursday night, the federal government seized WaMu, Washington Mutual in one of the largest bank failures in American History. Except for… possibly, JP Morgan Chase, now the largest purchaser of subprime institutional bank failures, behind Bank of America with Countrywide. With so many purchase/merger/firesales in such a short time, Federal Officials are becoming worried [...]
Thus Spake Zager and Evans:
In the year 2525, If man is still alive, If woman can survive, They may find:
In the year 3535, Ain’t gonna need to tell the truth, tell no lies, Everything you think, do, or say, Is in the pill you took today
In the year 4545, Ain’t gonna need your teeth, won’t [...]
Goose Hunting and Nascar Out Goosebumps, Car Naps In
With Rumsfelds resignation and steep loses in the House and Senate America is seeing a shift away from Nascar racing, Goose hunting, and church cookies. It is not clear what …
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