Thanks to all who showed for last night’s Cocktail Experience. If you missed it, the Pimm’s Cup Cocktail was a hit. Recipe is here. Next month’s party will be a prohibition-era drink called The Bee’s Knees. We hope you’re able to make that. In August, the Cocktail Experience will go dark as our family will be getting some sun on the beaches of Hilton Head.
Thanks to Casey again for the music and Dan Becker for the great food he brought.
For those who enjoyed Alicia’s strawberry trifle, the recipe is here.
I still get the question quite often: What’s that bond, company rated? My usually answer is to state the rating then ask the client if they know what that means. They don’t. But even though the agencies are at the heart of the current crisis, investors are still buying it. The NYTimes explains.
There’s an accepted wisdom out there that all this government spending is going to cause inflation. While not good, it just ain’t so. “Inflation is always and everywhere a monetary phenomenon,” said Milton Friedman. Gov’t spending is fiscal policy, not monetary – but is the Fed Pres. Obama’s lapdog? That’s the real danger. Kudlow wonders here. Any editor who wants a story can let me know.
Here’s my piece on Offer-in-Compromises in this month’s Dayton B2B. If you have a tax issue, try to work it out – this may be a good method.
After reading this WSJ article, I’m wondering.
From the article:
The 10-year note settled up 22/32, or $6.875 per $1,000 face value, at 95 25/32. Its yield fell to 3.638%, from 3.715% on Monday, as yields move inversely to prices. The 30-year bond was up 1 7/32 to yield 4.486%.
Now, I see what they mean – and I’m not argueing for cheap money and inflation is an insidious tax – but isn’t a 4.486% long-bond low for the last few decades? I think the 20-year average is something like 6.5%.
June 8 is Alicia and my next cocktail event. Invite is here.
This is a pretty good summer time cocktail and went over well at a recent tapas party I attended. It’s also easy to make, but don’t skip the garnishes.
Fill a highball glass with ice, pour in 1.5 oz of Pimm’s No. 1, fill the rest with 7-UP. Put a long cucumber spear down one side of the glass, then an apple slice on top.
I committed myself to learning all about social networking sites. They’re apparently all the rage and are going to be the keys to my business success.
I’m not sure I believe that.
But I’ve spent some time and now I’m entering this post using wordpress installed on my own private domain. If I do things right, it will then be posted, then sent to twitter, then sent to facebook, it will then show up on my iGoogle page twice under a twitter app and a facebook app. Now I need to know – is there a way to declutter my iGoogle page.
Ayn Rand isn’t my ideal writer (ok, she was bad), but there’s a reason I named my first daughter after her heroine…for the reason’s listed in this piece.
I’ve read the reviews and was told by child-less adults that it’s a good movie – my hallmark. So I’m going to a 7:05 showing of the 3D version. Oh, and I’m taking my daughters.
My Dayton B2B magazine piece on offers-in-compromise is here. If you got tax troubles, take a read.