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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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Life goes on 

​​There will be more to say about Syria and how the Republicans stole a Supreme Court appointment. But today I am in the strip district of Pittsburgh getting dinner at Wholey’s (salmon) and apricot nectar for my prosecco. 

The sun is shining. It’s getting warm. Going for hike in Frick park later. 


Go outside. The drama will still be here when you get back. 

From this afternoon’s hike in Frick:


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