10 billion one-dollar bills, my brother Bill, and paying bills…
January 20, 2010
Age Quote of the Day:
“How old would you be if you didn’t know how old you were?” – Satchel Paige.
If you had 10 billion one-dollar bills and spent one every second of every day, it would take 317 years for you to go broke. The Fed has been spending money at a slightly quicker pace. In fact, it’s only a matter of weeks/months before the Fed runs out of his relief money, inflation kicks in, interest rates shoot up, and I pack up my family to live in my brother’s basement. Inflation is the biggest enemy of interest rates, and this morning’s PPI (Producer Price Index) report will let us know if inflation is starting to kick in or still mellowing out. (root for weaker figures as this may lead to lower rates). What is the PPI? It measures average changes in prices received by domestic producers for their output. And what exactly does that mean? I have no clue – took the definition straight from Wikipedia.
You most likely are if you’re reading this. For more time killing stuff, and to read past blogs – check out my website at HeyMortgageFans.com. Also, if you know anyone that would benefit from this weekly blog, please forward this email and have them email me so I can add them.
Age Quote of the Day 2:
“If you think Mick Jagger will still be out there trying to be a rock star at age fifty, then you are sadly, sadly mistaken.” – Dennis Hope (Jimmy Fallon), Almost Famous, 2000.
Timeout for Trivia:
Congratulations to those of you who last week correctly guessed Kirstie Alley. Answer this week’s Who Am I? question correctly and be entered into a quarterly drawing to win big-time cash and prizes. Good luck. “It was on this date back in 1990 that my song hit the top of the charts and stayed there for three weeks. My looks (I am the Fabio of the music world) combined with my musical talent has helped me with women – especially a desperate housewife – even though we never tied the knots.”