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bonds trade on a mathematical spread. The riskier the bond, the wider the spread—that is, the greater the difference between the yield on it and the yield on (virtually risk free) Treasurys.
“When I die, I die. I could give a shit, ’cause it ain’t my problem. I’d just rather not shit my pants on the way there.”
― Sh*t My Dad Says
― Sh*t My Dad Says
“The closeted homosexual is far less likely to demand fair or just treatment for his kind, because to do so would call attention to himself.”
― And the Band Played On: Politics, People, and the AIDS Epidemic
― And the Band Played On: Politics, People, and the AIDS Epidemic
“How very American, he thought, to look at a disease as homosexual or heterosexual, as if viruses had the intelligence to choose between different inclinations of human behavior.”
― And the Band Played On: Politics, People, and the AIDS Epidemic
― And the Band Played On: Politics, People, and the AIDS Epidemic
“The executive of the modern State is but a committee for managing the common affairs of the whole bourgeoisie.”
― The Communist Manifesto
― The Communist Manifesto
“Los Angeles is like San Diego’s older, uglier sister that has herpes.”
― Sh*t My Dad Says
― Sh*t My Dad Says
Noel’s 2025 Year in Books
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