Monday, March 17, 2008

CPI is unchanged and Bear is worth $200 million

I just called my bank and while on hold the first news item was "CPI last month remained unchanged..."

C'MON. It's time for my money to no longer be in that bank.

Seriously, even if CPI is unchanged, don't put that forward as if CPI is a good measure of anything.

I've been waiting on hold a ridiculously long time for it being a Sunday evening.

The reason for the long hold, according to the gentleman in Denver who picked up, was
1. People upset about Bear Sterns
2. People interested in buying into the Visa IPO on Wednesday.

If anyone ever comes across unfamiliar financial terms in their day-to-day, I would like to recommend

- Allan

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