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While CNBC goes hyper over APPL's new "sanitary" product.
ZH posts the real news stuff.
Edit. MCC(s) just nails it ! :)
Do they come in different sizes (e.g. maxiPad)?
Did they not see this from 3 years ago ??
MadTV - iPad (iPod Parody)
& MCC(s) view :)
ZH is going to be the first "real news" choice....
Those people on CNBC are idiots. Why do they bother to cover Apple if they are going to be so frigging clueless?
Anyway, would appreciate, as a new reader, a blog post explaining, or at least pointing to past blog posts, the significance of various values.
For instance, how can I tell from this auction how much of the new debt was just bought by the federal reserve (and thus not actually really sold?)
The scheduled buying, or in the past what may be called, "normal buying" of Treasuries by the FED under SOMA.
However, only the FED really knows what it is doing. We do not have full disclosure, and many people beleive that the FED maintains practices that are not in the spirit of the Constitution or in any way perpetuates sound money practices.
The Treasuries bought by the FED are sold to the FED. The FED bought these bonds with money it created with no more effort than typing numbers into a computer data entry box. The FED will now collect interest on the Bond from the Treasury, and it can sell or exchange the Bond as it deems fit. If the FED holds the Bond till maturity, it will be paid the face value. What money the FED returns to the Treasury is inconsistant. However, someone gets the cash because, relatively speaking, the FED hardly ever tightens upon maturity.
The FED is hilarious because when asked how they pay their people they say they are self funded. What this means is that the staff is paid with money it created. Well the FED is not self funded, they are funded by the direct debasement of our currency, and the destruction of real wages.
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