On Mar 25, 2009, at 4:01 PM, Chris Gehlker wrote:
Chuck and a few others. I wish I could find a softer way to say this but you just come across as very ignorant with posts like this. I've recommended this page before: <http://baselinescenario.com/financial-crisis-for-beginners/> If you had spent a while there, you would have found this: <http://baselinescenario.com/2008/12/27/interest-rates-for-beginners/>
You know we actually went negative for a few days last year on the yield. At work we actually had to roll out new software over the summer before it happened since we didn't really know what would happen if we tried it. It was both hilarious and scary that someone would buy these up even though they lost some cash on the deal just for something stable.
I read these posts and I think, "It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.” There is nothing here that is all that complicated but you do need a little background. We've all laughed at the hard core Christians who know nothing at all about evolution or the scientific method but insist on pontificating about those subjects. Well the discussion about economic matters here is sometimes every bit as unsophisticated as that.
If you ever want to see something interesting ask 10 brokers how their market works. You'll get ten different answers.
--Larry
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