3.14.2014

Happy Pi Day! 3.14

Next year we'll have 3.14.15:9:26.5359. Mark your calendar!

In unrelated news, John Kerry walks into a bar in Ukraine. The bartender says, "Why the long face?"

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...