14 Comments
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Dennis T.'s avatar

Bill could you keep all this under your hat for just a short while longer? I've been selling all my rental units in Philadelphia, PA. The kind NY folks are paying 10x more than I paid between 2005-2007. Factoring what a lower level blue collar worker can afford the properties will have zero or negative cash flow for at least 8 years. I guess losing money in the rental business is old hat to these investors.

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Mark1's avatar

As an old mariner, I appreciated the nautical metaphors applied to Powell. How about a sea shanty to go along....maybe ”What Do You Do With a Drunken Sailor?”

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MattieRoss's avatar

Jimmy Buffett’s “Nautical Wheelers” also comes to mind.

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Leandro's avatar

Regards from one of your faithful reader from Buenos Aires - Argentina . Not only the Russians but the Brazilians aren't in the same ship of fools too.

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Egypt Solomon's avatar

The US Government should create a new global agency to control cryptos and inflation, in addition to what is already in place. Call it somthing like The Cryptoflation Agency.

This process would allow them to print an additional 300 trillion new global dollars over the next 10 years without having to put it up for vote, thus alleviating inflation and preventing a global recession by pumping the money back into the system, the markets, economies and most importantly, peoples pockets, and then we can all live happily ever after. 😃 :-)

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Todd Christensen's avatar

How did you obtain the government's plan before they released it to the public?

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Mark1's avatar

I think they’re ahead of you. Someone’s already suggested the trillion dollar bill. And it’s “green”, too, requiring 1000 times less paper than the billion dollar note.

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MattieRoss's avatar

If that’s in the works, the Treasury folks should call their opposite numbers in Zimbabwe. They’re rather familiar with that sort of project.

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rjt's avatar

Some years ago our son travelled through Zimbabwe. He neglected to obtain for me one of the 10 Trillion Zim notes, hopefully forever ruining my chance to become a trillionaire!

If the current plan proceeds as Mark1 above notes, I may get another chance, and it won't be amusing.

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Florence's avatar

Still Can’t get “The Brave Arab”. I keep clicking at everything and it doesn’t come up.

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MURREYVONMISES's avatar

You mean the "The Ahab Arab"????

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Jaqui Smith's avatar

Bill would be referring to Captain Ahab , a fictional character and one of the main protagonists in Herman Melville’s “Moby-Dick”. He is the monomaniacal captain of the whaling ship Perquod. On a previous voyage, the white whale Moby Dick bit off Ahab’s leg, and he now wears a prosthetic leg made out of whalebone. The whaling voyage of the Perquod ends up as a hunt for revenge on the whale Good book written in 1851

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Linda Freed's avatar

Turn off all emails thank you

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