10.15.2008

Old Del Mar

Bing Crosby's tune "Where the turf meets the surf" (now a Chamber of Commerce jingle), updated for current conditions:

Where the flies fill the skies
Down in old Del Mar
Take a plane
Take a train
Take a kayak

There is botox in every face
And lots of vacant retail space
Where the flies fill the skies
At Del Mar

No comments:

QE has permanently ruined bonds for investors

You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better. Since the Fed started manipulating interest...