Ruminations

Behind the screen

Category: Economics

  • The Greater Fool

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    by

    Kyle
    in

    I have heard repeatedly people say they can’t fathom how anyone would lend money to a government for a negative interest rate. This is true only if they keep the bond to maturity, and they have no intention of doing so! If investors expect future interest rates to become even more negative, then the value…

  • Misery Index

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    by

    Kyle
    in ,

    Remember the Misery Index? Misery Index is just unemployment rate + inflation rate. Ronald Reagan campaigned on it when it hit an “outrageous 21%” in 1979. Since then the govt has just been making ever more elaborate lies about what the numbers are. See this good article – http://www.zerohedge.com/news/2015-06-15/our-phantom-economy , and the first comment: real…