Act like a Patriot

Punching hippies since 2005.

Tuesday, December 09, 2008

Today's sign of the apocalypse

If you invested $1 million in three-month bills at today’s negative discount rate of 0.01 percent, for a price of 100.002556, at maturity you would receive the par value for a loss of $25.56.
Posted by Torahmike at 2:57 PM

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