Posted on 02/22/2015 8:34:45 AM PST by expat_panama
--and not only has all this been written by experts, but everything here's been posted on the internet so we can to believe every single word. * * * * * * * * * * * * * *
|
Gross domestic purchases price index... -0.3
Huh! The BEA says the GDP price index is in deflation!
I knew a guy who was a pro check kiter. He bought a demagnetizer and would demagnetize a check book. He still couldn’t keep ahead.
I’m seeing:
Gross domestic purchases price index... (1st) -0.3 (2nd) -0.1
There very well may be another stat called “GDP Deflator” that was in fact “- UNCH”, but the fact that there also exists another stat called “Gross domestic purchases price index” that is now measured to be -0.1% then I’d say we’re in deflation and and more negative interest rates are ahead.
btw, anyone interested in locking in good rates, I’m willing right now to borrow $100 and only charge $7.50 per month...
The UNCH was the consensus estimate compiled by FactSet
Such a sweet deal. Let me think on that for awhile.
Great story. All it did was get a him a couple of more days. Sooner or later, the marketplace exacts a true price.
ok, that makes sense. tx
As luck would have it I just emptied a coffee can so I think I will bury it in the backyard and save you all the trouble with your generous offer. Thanks for the offer though.
That’s best. Seems that word’s gotten out and things are now getting out of hand with folks calling all hours of the night wanting to loan me money. I even had to put a sign up saying that any packages of $100’s left while I wasn’t looking would be charged a 50% processing fee.
https://www.youtube.com/watch?v=Ll3uipTO-4A
For the love of money - O’ Jays
Money money money money, MONEY
Money money money money, MONEY
Money money money money, MONEY
Money money money money, MONEY
Money money money money, MONEY
Money money money money, MONEY
Some people got to have it
Hey, Hey, Hey - some people really need it
Hey, listen to me, y’all do thangs, do thangs, do thangs -
bad thangs with it
Well, you wanna do thangs, do thangs, do thangs -
good thangs with it - yeah
Un Huh, talkin’ bout cash money, money
Talkin’ bout cash money - dollar bills y’all - come on, now
Yeah, yeah
Yeah, yeah
For the love of money
People will steal from their mother
For the love of money
People will rob their own brother
For the love of money
People can’t even walk the streets
Because they’ll never know who in the world they’re gonna beat
For that mean, oh mean, mean green
Almighty Dollar!
In all seriousness I can’t quite understand this. I can see charging a nominal fee but who in their right mind would buy a 10 year bond bearing negative interest? People used to shop around to see who paid the highest interest on T-bills. Now they will have to look to see who charges the least. Crazy ole world out there.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.