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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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Saturday: Art-ish

I’ve been in Pittsburgh for 4 years and am only now going to the Andy Warhol museum.

It’s going to be a nice day. Go out and play.

*********************************

I’m moving this up from the comments because it’s just that good. Warning: swallow your coffee before hitting the play arrow:

Yes, Trump fans, this *is* the way the world sees him. And they are not afraid of him. They think he is a pathetic, stupid and ineffective paper tiger.

It doesn’t matter how miserable you think your belligerence is making the rest of the world. France, China, the U.K., Pakistan and India, Russia, they all have nukes. It’s not like we have all the power. We just used to have self restraint and better judgement.

We are an international joke and it’s clear now that there’s no THERE there behind the facade. We’re ignorant, crazy and dangerous and infinitely mockable.

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