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jb,
How can I argue with a brownstone analogy?
I do hope you’re right and we get through this
crappy economy without a problem.
New York has seen civil unrest before,
and I can recall Bushwick burning in the 70’s and
Crown Heights rioting in the 80’s (for different issues though).
This story today about the legislators not showing
up to vote just burned me up because if anyone
should know better about what’s at stake, it’s our
elected officials.
Legion, the problem with QE2 is that there is no exit strategy.
The Fed has all this junk on there balance sheet, average 10 yr maturity, which makes it very risky paper.
When interest rates rise, they will start losing money like crazy.
Nobody is talking about this, but it is basic and unless tghere is some secret unknown mojo, unavoidable.
jb,
How can I argue with a brownstone analogy?
I do hope you’re right and we get through this
crappy economy without a problem.
New York has seen civil unrest before,
and I can recall Bushwick burning in the 70’s and
Crown Heights rioting in the 80’s (for different issues though).
This story today about the legislators not showing
up to vote just burned me up because if anyone
should know better about what’s at stake, it’s our
elected officials.
Thanks rf, I see, $7.99 lb. Ah well, I guess that’s the deal then.
“Everything is loads cheaper in those huge suburban supermarkets.”
Yeah, but then you have to live in the suburbs or have a car to visit the suburbs.
The only house-brand thing I liked at Trader Joe’s was their coffee – good price & good flavor.
All this coffe talk made me perc up.
At Costco, you can get their brand of coffee for under $5 a pound.
I want to get one of those instant brew one shot coffeemakers. Perfect for work.
Trader Joe’s has a chickory blend coffee. Haven’t tried it.
Looks like D’Amico’s went up too:
http://www.damicofoods.com/theroasters12.aspx
Legion, the problem with QE2 is that there is no exit strategy.
The Fed has all this junk on there balance sheet, average 10 yr maturity, which makes it very risky paper.
When interest rates rise, they will start losing money like crazy.
Nobody is talking about this, but it is basic and unless tghere is some secret unknown mojo, unavoidable.