T-Bill Ladder at 0% Yield?
Would I consider building a T-bill ladder with a yield of 0%? In a word, no. Never. However, there are some folks out there who are doing just that, buying US Treasury Bills at an interest rate of 0%. Read more
Modified Mortgages: A New Lesson in Moral Hazards
The Wall St. Journal (and every other reputable news agency) is reporting today that the actions taken by banks to modify the mortgages of those citizens who were already delinquent on their mortgages has not had the desired effect. Specifically over 50% of these individuals re-defaulted within 6 months. This of course calls into question any hope for the long-term effects of these kinds of loan modifications. Is it really that much of a surprise though? Read more
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