Five-Year Treasury yield hits record low. The MSM will be spinning today’s 2.8% 4Q GDP into a “things are gettin’ better, REELECT OBAMA!” baloney sandwich like they were overpriced windmills. The bond market says something different. Investors pouring into 5 yr bonds at a .76% yield says we’re turning Japanese, they think we’re turning Japanese, they really think so.
Author: Bonfire of the Absurdities
After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.
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