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    • Five Hundred Million Dollar Negative Yield Bond Issued
      No, central banks aren’t screwing the economy up with their purchases: Veolia (Paris:VIE) has issued a 500 million 3-year EUR bond (maturity November 2020) with a negative yield of -0.026 %, which is a first for a BBB issuer. To be clear, central banks didn’t buy those bond, investors did. But central bank purchases of […]
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It’s a sign! A sign!

First, Phyllis Schlafly dies on schedule at the ripe old age of 92 the day the first general election featuring a woman nominee “officially” started. 

Now, that nominee’s hometown team wins the pennant for the first time since a goat owner put a curse on the team wayyyyyy back in the last century. They’re going to the World Series:

Go, Cubs, GO!

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