10.09.2008

Old invoices

I have clients with outstanding invoices, and/or checks in the mail coming to me. I've told them all, "better hurry up or the money won't be worth anything by the time I get it!"

If mail takes one week, what percentage will I be losing on those dollars as those 7 days tick by, I wonder...

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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...