Conflict of Interest: When you’re earning 5% interest in a money market account and paying 18% interest on a credit card.
User’s Manual: No one knows. No one has ever read one. (Not to be confused with the well-thumbed usurer’s manuals on the shelf of every pawn shop and check cashing store in America.)
Bond Yields: Moments in the market when bonds let other bonds go first.
Face Value: The extra price you pay for a bond with an attractive certificate.
Indentures: Only old folks buy bonds, so they need indentures.
Millionaire: Someone with a net worth of $5 million or more.
Tomorrow: What to Say to Someone With $5 Million
Quote of the Day
In 1800, 75% of [an American's] working man's expenditures went for food alone. By 1850, that had dropped to 50%. Today it is a little more than 11%.~The Wall Street Journal, September 20, 1996
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Melvin Reddick / Andrew Sullivan / Richard Painter
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Hurtling Toward The Future
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Mikey’s Last Breakfast
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Why Corporate Tax Cuts Won’t Create Jobs
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A Letter From Secretary Albright
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