No, that’s not the yield on the U.S. 10-year bond (rapidly dropping towards 2%). It’s the yield — as of this morning — on Germany’s 10-year bond, regarded as an even safer bet than U.S. debt. Aside from a little confusion (I thought Deutsche marks were replaced by euro’s?), it raises this question: if at...Read More
Understanding Currency — But Not Denominations You’d ask the same question, too, if you saw your Father hand the waitress one bill . . . and get four bills back in return! Except that the one bill was a twenty, and my change was a five and three ones . . . P.S.: My daughter does play...Read More
