The U.s. Treasury Has Got Borrowing Costs

As One Of My Older Friends Says, "nostalgia Just Isn't What It Used To Be." Let's Take A Stab At It, Anyway.

My Job Is Essentially Just Corralling More And More And More Facts And Information, And Occasionally Seeing Whether That Leads To Some Action.

There Is Nothing Like Writing To Force You To Think And Get Your Thoughts Straight.

In An Inflationary World, A Toll Bridge (like Company) Would Be A Great Thing To Own Because You've Laid Out The Capital Costs. You Built It In Old Dollars And You Don't Have To Keep Replacing It.

We Still Find Very Few [stocks] That Even Mildly Interest Us. That Dismal Fact Is Testimony To The Insanity Of Valuations Reached During The Great Bubble. Unfortunately, The Hangover May Prove To Be Proportional To The Binge.