Book Smarts

Education Quote of the Day: “Education is the most powerful weapon which you can use to change the world.” – Nelson Mandela

If the world really does end Friday I just want to get some things off of my chest. To my brother: In 1984 I wrote you an IOU for $37 in change I took from your jar. It was really $52. To my barber with the glass eye: Why do I continue to go to you when you continue to make my sideburns different lengths? I don’t feel sorry for you anymore. To my Spanish teacher in 1988: I don’t care what failing grade you gave me, I still think “Yo Soy Sauce” was a genius answer. To my brother again: It was really $66. Whew…I feel better now.

Interest rates should climb a little as we approach Christmas and New Year’s. At least that’s been the tradition the last few years. Regardless, it’s been like Christmas morning all year with these low rates. As of today the 30-year fixed is still in the low 3s, and ARM rates about a point lower. Is there a reason you haven’t refinanced yet? As Mickey said to Rocky when Adrian came out of the coma, “What are we waitin’ fer?!” (although this is the greatest Mickey quote of all time).

It’s a pretty quiet week for financial news that can move interest rates. Today we’ve got a 7-year Treasury Note Auction (high demand will lead to lower rates), and weekly jobless claims. Tomorrow we’ll see Leading Economic Indicators (an indication of future economic activity), and on Friday we’ve got the 25 Facts You Didn’t Know.

Education Quote of the Day 2: I bet all three pigs had a great education, but the Pig that lived in the straw house probably had a ponytail and a neck tattoo.” – PieGuy (@ilovepie84)

I will still be here working, but… Barry’s Blog is taking off until January 3rd. Until then I want to thank you for your continued business and friendship. You guys are the reason I get up and come to work every day (that, and the fact I have three mortgage payments on my house).

Timeout for Trivia: Congrats to those last week who guessed David Arquette. Want to be entered into a drawing to win five bags of frozen peas (I backed out of my vasectomy)? Simply email me the answer to this week’s “Who Am I?” question. Good luck: “Yesterday I turned 34. You can joke and say my acting career went up the creek when my 1998-2003 show went off the air. You can also joke that the Apple iPhone 5 loves my daughter. But please, don’t joke about my love life or the fact that Oprah wants to bill me to have her couch cleaned as a result of it.”


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