Thursday, May 30, 2013

Books are great. But finding practical (and impractical) ways to store those books is even better.

35 Things To Do With All Those Books

You like to read! Good. But now what are you going to do with all those books? Consider these 35 DIY solutions.

This Adorable Couple Has Worn Matching Outfits For 35 Years

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Thursday, May 30, 2013


	Here's What 515 Interest Rate Cuts And $12 Trillion Will Do To The Global Credit Markets "Aggressive central bank actions in response to the bursting of one asset bubble often contribute to the creation of a new bubble," writes Michael Hartnett at Bank of America. Hartnett's referring to the Asian financial crisis, which begot the dotcom boom, which begot the recent housing and credit bubble. The recent financial crisis has prompted aggressive actions on the part of global central banks. And this has played out in surging bond prices and a collapsing yield. "In the past 6 years, central banks around the world have cut interest rates 515 times, increased global liquidity by $12 trillion and crushed bond yields to the point that almost 50% of all global government bond market cap currently trades below 1%. The stunning collapse in interest rates across debt markets in recent years is shown in Chart 3. For example, yields have dropped from 23% (Dec’08) to 5.6% today in High Yield Corporates, from 12% (Dec’08) to 4.5% today for EM $- denominated bonds and from 6% (Jun’07) to 2.6% today for Mortgage Backed Securities." Read »