iamblades2 said:
I figure this shows the true nature of Moore. It's a pretty interesting read.
Oh come on, this is a crap backlash piece, written by a guy who he rubbed the wrong way. Its also not terribly accurate. The Missile bit is total crap and has been completely rebutted. The birthplace of the US ICBM program is Littleton Colorado. How you can say that he didn't grow up working class when the guy's father worked on a fucking assembly line is absurd. The Upper West side isn't rarefied, especially if you bought your place fifteen years ago. Nobody who can afford to send their kids to public school in Manhattan before High School, because the schools suck. Celebrities, especially high profile, controversial ones that a lot of people hate have security details. The most in demand person at Cannes is hard to get face time with. This is nonsense.
This is just your standard I'm-not-going-to-fall-in-line-with-the-fawning-herd impression piece, and not a well done one at that.
Your definition of unfounded is as curious as your definition of yield.
The is the same definition (yield) that is taught in basic finance, maybe you were out that day?
Oh you quoted the right words, then you went straight to a page full of rates that are not the yields for those bonds, making me suspect that maybe you were confused. Unless of course you were just lying and hoped I wouldn't notice.
but you wouldn't do that to me, would you?
I thought one so quick to spew forth financial analysis and claim to have studied graduate level finance would have a clue how yield works. Pretty simple concept, you have market value (that is where that cited link pointed, if you had bothered to check) and then you have redemption value.
There is no such thing as market value yeild, Guildy. The private market does not pay interest or annuity. Bonds trade privately at a discounted portion of what they will finally realize. At the end of the day, they must be redeemed by their maker in order to realize the final yield. In short, the ancilaary market value is a direct result of the government market.
Nice try, though.
YIELD
The annual income from a SECURITY, expressed as a percentage of the current market PRICE of the security. The yield on a SHARE is its DIVIDEND divided by its price. A BOND yield is also known as its INTEREST RATE: the annual coupon divided by the MARKET PRICE.
Notice MARKET PRICE? Which MARKET would that be? The one at the redemption counter at the DoPD (Department of Public Debt) or trading of Bonds on the open market? You will get better "rates" on the open market. Nice try, though.
iamblades2
Louisville, KY
April 2004
MAY 22, 2004 08:02 PM