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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 bonds, investors did. But central bank purchases of […]
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Flynn Resigns 

Over communications with Russian government officials.

I’m just amused that our National Security Advisor appears to be shocked, shocked, that he was caught with evidence provided by our intelligence people.

Officials said classified information did not appear to have been discussed during the conversation between Mr. Flynn and the ambassador, which would have been a crime. The call was captured on a routine wiretap of diplomats’ calls, the officials said.

But current Trump administration officials and former Obama administration officials said that Mr. Flynn did appear to be reassuring the ambassador that Mr. Trump would adopt a more accommodating tone on Russia once in office.

That’s right, we routinely wiretap phone calls of foreign ambassadors. And those foreign ambassadors all know that. What must they be thinking anout the quality of Donald Trump’s advisory picks? That is Darwin Award Winning behavior. Don’t piss off the spooks.

So, they are vulnerable.

Time to throw them an anchor.

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Happy Valentine’s Day

Dear Valentines, I do not tell you enough how much I love all of you for keeping me company, and for being as  smart and funny, and caring human beings as you are. So if no one has claimed you as their Valentine today, be mine. 

I found this pas de deux from the ballet The Snowmaiden. It’s a Russian ballet that isn’t performed much in the states. The music was composed by Rimski-Korsekov. In this pas, Kupava and Lel dance on their wedding day showing their love, playfulness and partnership before they are separated by the icy snowmaiden. 

This version is danced by the Kremlin Ballet. 

May you receive lots of flowers in the real world. 

I’ll post on the Donald later. For now, just smell the roses and hear the music. 

Love, RD