4.01.2013

Ode to gold

How do I love thee? Let me count the ways
The Bernank can printeth thee not, hard as he may try
Thou hireth not overpaid asshats like Meg Whitman to manage thy business
Thou diluteth me not with employee stock options
Thy expense ratio is a sock drawer and a .44 magnum

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...