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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: yard_man who wrote (253304)7/31/2003 9:56:12 PM
From: reaper  Read Replies (3) of 436258
 
i am out, as you are well aware, and as i said back in early June i was really hoping you'd spot me the 8 bps by which my 2.xxx call missed. also, i erred and bought some of my bonds back (20%) at a shade over 355 bps, so obviously that was not the smartest thing i've ever done but otherwise i'm just on the sidelines.

as for inflation, i bought a DVD player at Wal-Mart over the weekend for $70 bucks, and have been signed up with Netflix (the mail-order DVD service) at $19.95 a month and watching 12-15 DVDs a month for the last 3 months. i can now buy the Boston Globe for 25 cents every morning (which is exactly 25 cents more than its worth <g>) since the Herald reduced their prices. i buy the same grilled chicken sandwich and Cape Cod chips for lunch pretty much every day, and the price is the same $5.99 that it was 3 years ago. that said, my veal chops for dinner tonite cost me $19.95 a pound (and then the baby ate half of the meat <g>) and extra Sox/Yanks tix for my dad are gonna run me $150+, so maybe you're right.

if there's so much inflation, how come the Droopy i bought for $4 and a quarter trades for less than two fifty?? <ng>

as for where TNX is going, i admittedly have no farking idea. i am exceptionally confused right now, which is why i am largely doing nothing. that said, if the housing market cracks (which many are projecting if rates go UP) then you can forget about INFLATION 'cause most of the 'money' in the world right now is backed (directly or secondarily) by the full faith and credit of non-cash-producing real estate assets.

Cheers
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