As if municipalities and states weren’t having enough of a problem raising capital to fund their own social nightmares (what with many cities guaranteeing 8% returns on pensions and what-not), they now find that their ability to borrow at bargin prices has vanished in a poof of, well… POOFYNESS. From Bloomberg: Standard & Poor’s lowered the AAA… (more)
From the NASDAQ news… WASHINGTON -(Dow Jones)- Lawmakers are considering changing how the Consumer Price Index is calculated, a move that could save perhaps $220 billion and represent significant progress in the ongoing federal debt ceiling and deficit reduction talks. The gist is that a lot of Government services and taxes are based upon CPI…. (more)
In days of old, Money was a value… A trade of one valuable commodity for another. We’d sell our home for an equivalent value based in almost anything that held that same value… To sell a home in leaves would require a nearly infinite amount of leaves, so leaves were not used as money. Gold,… (more)
Over the last few years, I have, not by conscious choice, but by inadvertent action, become interested and educated in Money. What is it? How do I get it? What does it represent? “So you think that money is the root of all evil?” said Francisco d’Anconia. “Have you ever asked what is the root… (more)
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