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Old 10-14-2012, 01:51 AM   #61
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Originally Posted by HFWR View Post
Bolivian Beever Cheese futures...
Here let me help you sell more of these. Lets issue bonds on the producers of Bolivian Beaver Cheese (BBC). Which instead of paying interest in the form of $ will give you future contract on BBC.
Next we'll package all of the bonds of the various BBC companies, and securitized them.
Divide them into tranches and sell them to public pension funds desperate for more yield. In the meantime lets create a synthetic index so that banks can bet on BBC Future contracts using their FDIC insured deposits.

Who needs another housing bubble to help stimulate the economy, Bolivian Beaver Cheese,is the next Facebook.

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Old 10-14-2012, 07:38 AM   #62
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Of course Bolivia is an emerging market compared to the more established Venezuelan market.

Funny, I just bought a book on cheese making yesterday.

"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."

- Will Rogers
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Old 10-14-2012, 11:44 AM   #63
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Originally Posted by brewer12345 View Post
Funny, I just bought a book on cheese making yesterday.
In about six months we're going to look back on this post as the equivalent of "Wheeeee!"...

The book written on, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
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Old 10-17-2012, 05:11 PM   #64
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Originally Posted by brewer12345 View Post
The junk bond market has just completely jumped the shark. New issue: CCC-rated bonds that are pay-in-kind (means the issuer can at its option pay coupons with more crappy bonds instead of cash) and with the proceeds paid out to shareholders. Investors really are idiots.

TEXT-S&P assigns Petco Holdings 'B' rating | Reuters
I think this is the first time in all my years of reading this forum that a posting has actually prompted me to take action and change my investments. I've kept about a year's worth of "cash" in Vanguard's Short-Term Investment-Grade Fund for many years. However, I was unpleasantly surprised at how much the NAV dropped (roughly 9%) during the Great Recession crash. At the time I resolved to move the money to something more stable "after it recovered." Based on Brewer's post, I finally decided it was time.

Since I'm not retired yet, I chose the Vanguard Short-Term Tax-Exempt Fund as the new home for my emergency/liquidity stash. Now I get to watch inflation slowly eat it away, but can expect the NAV to be a bit more stable the next time the stock market goes on sale.

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