6.20.2010

Skeptical CPA puts on the Zimbabwe Ben trade

Well done, sir!

In January, I shorted the dollar by taking out an enormous fixed-rate 30-year mortgage.

Now Skeptical CPA has bested my trade on several fronts.

1) He got an even lower fixed rate than I did thanks to the global financial panic pushing Treasuries to all-time low rates.

2) He bought in Texas, where real estate is not nearly as overvalued as in California.

3) He bought in Texas, which is not facing California's fiscal and economic meltdown.

Skeptical CPA, we salute you!

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Milestones

I talk a lot about inflation. But today was the first time in my life I actually used a dollar bill as toilet paper.