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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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Jon and Paul

I’m still here!  Still working on that project in a super secret location and had some surprises lately that have kept me busy.

In the meantime, I’ve seen the kerfuffle between Jon Stewart and Paul Krugman over Platy, the $1 TRILLION dollar platinum coin and I’m going to side with Krugman on this one.

Jon Stewart, meet me at camera 4.

Ok, see here’s the thing.  I know the coin idea, which was viable until the Fed shot it down, sounded bug f^&*ing nutz. I’m guessing your brother had something to do with your attitude.  Maybe there’s some internal family related capture going on there that you might not be quite willing to admit to.

But I figure it this way. It’s like someone is trying to abduct you in the grocery store parking lot.  If they’re going to get all insane, YOU need to get all insane.  Like roll your eyes back in your head, let out some blood curling shrieks, foam at the mouth, lose control of your bladder.  If you don’t do anything just as crazy to make the abduction more trouble than it’s worth, the crazy guy is going to take you for a nice loooooong ride from which you may never return.

Besides, Jon, you can’t claim to be just a funny guy and then get all serious when you interview people like Chris Christie.  Or conversely, you can’t not do your homework, make some half-assed, pompous pronouncement and then pull this “Oh, I’m just a funny guy with a fake news program” shit. People will get confused. You know and I know and Paul Krugman knows that there are a lot of people who depend on you to circumvent the media filters to tell the truth.  I’m sorry, Jon, but you have become a Peter Parker and with your power, you have an awesome responsibility.

I was very disappointed in the way you behaved on Monday night when you lectured Krugman.  You’ve done a lot of good, Jon, but Krugman is on YOUR side and when you pulled that crap on Monday night, you just created a rift that the Republicans and their media allies are going to drive a truck through. It would have been better for all of us for you to invite Paul on The Daily Show and then go at him hammer and tongs.  Krugman would have made a great guest.  Even if you don’t agree with him, he’s got a rapier wit and at least his arguments make sense.  Sniping with your megaphone just looks childish ego trip.  Perhaps you need to spend some time attending David Brooks’ Humility course at Yale.

You’re not the only game in town.  You are merely one of the more important pieces in the rag-tag group of allies trying to fight the forces of meanness, inequality and exploitation.  Get your head out of your ass.

I’ll be right back… sooner or later.  Carry on.

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