Handcuffed, but not in a Good Way

I neither understand bonds, nor bondage.

Maybe it's just the fact that I'm not really wired to think in terms of inverse relationships.

Or any relationships for that matter. 

Although, maybe if I understood bondage better Sugar Momma would change her opinion about my understanding of relationships.

I do better with correlation. For example, I do understand that over the past couple of months, whenever Federal Reserve Chairman Ben Bernanke has spoken, it was a clear opportunity to make money by buying gold or silver before he spoke. Today was no different.

Direct correlation.

In the case of bonds (and currencies) I get confused thinking about whether I would want values going up or down. Just way too much thought seems to be necessary. Besides, I still have that belief that bonds are for the feeble and infirm and need to be held for a long time.

I have the attention span of a gnat and maybe the life expectancy, as well, so I really don't want to be overly involved with anything that's going to require me learning its name.

It used to be that if you held onto something for a long time, that was a good sign. You held onto winners and cut your losers.

Although I don't understand inverses, I do just the reverse.

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Now What?

Like most people who have a vested interest in life, I woke up this morning to the apparent good news that some kind of an agreement had been reached on the Greek crisis.

Most other natural laws were not being violated, according to the early morning news, but this was a real shock to the sytem of universal truths that we count on to make it from day to day. Otherwise, we'd all be stuck to the ceiling.

You'd be more inclined to believe that had Newton discovered the parachute before the Law of Gravity, things would be very different today for all of us.

Reportedly bond holders of Greek debt will take a 50% haircut. I still don't completely understand what that means, especially since I've always been a bit mystified by the world of bonds and currencies. (See: I Don't Understand Currencies)

Britain, which is putting up nothing in the bailout, simply called the EU's key players "morons", offered their advice and went back home. Much like Geithner did last month, except without the bangers and mash awaiting him at the airport.

That I understand.

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