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He's a careful f*ckhead, Anjem Choudary... Most of what he says isn't illegal. The police are watching him, but he's not breaking any laws that would make it worthwhile to go after him. If they go after him for what he does say, it's at most a matter of a small fine (which has happened in the...

+1 Why should anyone care about the faith (or lack thereof) of another person? It's an intensely private matter...

Negative rates have nothing to do with treasuries... It's about short rates and, more specifically, IOER. Several countries have done this in the past and Denmark has them in place even now.

Ah, good ole Anjem Choudary... Ain't freedom of speech grand? But look on the bright side, it only took them 10+ years to deport Abu Qatada, so not all is lost...

Oh no, not again...

Because nobody who trades cash bonds, incl TIPS, uses prices. It's a meaningless number that conveys no information (one simple reason is the pull-to-par effect). As to purchasing power, of course it's eroded. If you buy TIPS outright, you're not long inflation. You're long real yield...

Sure, you're the macro expert here, but you just can't answer a simple question. Which level CFA exam have you passed now? Given your extensive knowledge of the curriculum and all...

You're making no sense whatsoever... FOMC selling bonds in Dutch auctions, because of negative rates? Negative rates being hyperinflationary because they're deflationary? BTW, you've been talking about your CFA studies for a while now? By now, you should be done with Level III. Have...

Sure, i would buy such a security, assuming it provided me safety and protection against risks I felt were meaningful. Gold doesn't return anything and it costs money to own. And still people buy it, don't they? And no, Yellen is not talking about negative yields on bonds and neither did...

Why won't it ever happen "through FOMC operations"? Do you have any evidence that negative rates are necessarily hyperinflationary? Finally, how does her comment exemplify a poor understanding of macroeconomics and international finance? Given that Milton Friedman said similar things in the...

You still haven't actually answered the question... What is specifically wrong with her statement?

Yeah, it's rather amazing that people still pass this on, when it's so obviously wrong (and unoriginal to the point where they didn't even bother to change the numbers between 2008 and 2012). If I were a true thinking American conservative, I would really be pissed off at this idiocy. P.S...

Why does her quote disqualify her? I see nothing particularly interesting or special in that quote...

Hold on a sec, I thought there were 51 states (well, 50 states + DC) in the US of A. Am I wrong? 'Cause 19 + 29 ain't equal to 51, innit? Hmmm, this thing don't look right to me... EDIT: Wikipedia sez Obama won 26 states + DC, while Romney won 24 states.

Good lord. An older off-the-run issue and you look the price... Nobody in the mkt does that. At least talk about real yield or breakeven inflation or smth. Price is completely meaningless.

It's a silly question... Do you think poverty is free and costs no lives?

What on Earth are you talking about? And here I thought you were a smart guy, what with all your amazing achievements (no need to list them, as everyone knows the amazing things that the Great Bwol has done).

It's a stupid idea, motivated by a need to distract the public from the unfortunate issues that the coalition is having at the moment.

And, to add insult to injury, just like Rubin before him, Summers has been working for Citi as a consultant. One of the biggest, most screwed up TBTF banks out there and Summers is involved with it. As far as I am concerned, that should disqualify him from the job.

Summers is an evil bastard, who doesn't understand monetary policy. He's a very good politician, who managed to stay very popular w/Obama throughout. He is also a great defender of the status quo for the banking system. That's not surprising, as he's one of the Rubinites, as GoC pointed out...