Terrorist Sirens, Hagupit (Cat. 4), Treasury Bills, etc.
MILK - with 22 of the dairy companies finding evidence of melamine, does one trust ANY food in China? Some newspapers now allege that the scandal was covered up because of the Olympics. Uncharacteristically, I will not engage in any sarcastic remarks here but leave a link of the Shanghai Daily's Opinion.
Terrorist sirens went off on Saturday morning. The Chinese government announced the 3 different sirens in their usual newspapers, which *I* don't read, so I found out yesterday when eating lunch with a Chinese friend. She said (matter of factly) "Oh, we all knew about it." It was in all the papers (she explained, the gov't papers).
Hagupit is now a Category 4 Hurricane (Typhoon) and already gave southern Taiwan a huge hit but is raking the southern coast of China now as it heads for the resort island of Hainan.
Treasury Bonds now yield almost nothing (Bloomberg.com web link). At 0.7%, down 0.5% on Tuesday (U.S. time), there is not much money to be made holding these Bills.
Still, as this New York Times article points out (near the bottom):
Hmmm, we live in VERY interesting times.
Terrorist sirens went off on Saturday morning. The Chinese government announced the 3 different sirens in their usual newspapers, which *I* don't read, so I found out yesterday when eating lunch with a Chinese friend. She said (matter of factly) "Oh, we all knew about it." It was in all the papers (she explained, the gov't papers).
Hagupit is now a Category 4 Hurricane (Typhoon) and already gave southern Taiwan a huge hit but is raking the southern coast of China now as it heads for the resort island of Hainan.
Treasury Bonds now yield almost nothing (Bloomberg.com web link). At 0.7%, down 0.5% on Tuesday (U.S. time), there is not much money to be made holding these Bills.
Still, as this New York Times article points out (near the bottom):
Investors remained wary about lending, a critical gauge of fear in the
markets. Borrowing rates among banks rose, and the yields on short-term
Treasury bills fell again, a sign that investors were willing to accept
a minuscule return on their money in return for a safe bet.
Hmmm, we live in VERY interesting times.
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