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Grant's Current Yield Podcast

Impossible is extinct

Grant's Current Yield Podcast

Grant's Financial Publishing, INc.

Business, Business News, Investing, News

4.6693 Ratings

🗓️ 7 February 2020

⏱️ 24 minutes

🧾️ Download transcript

Summary

Subscribe to Grant’s Podcast on iTunesStitcheriHeart Radio and Google Play Music. Grant’s Interest Rate Observer is available at http://www.grantspub.com

Transcript

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0:00.0

Now, this is Current Eald Grant's interest rate observer of the air, and I am Jim Grant,

0:08.1

and with me, as usual, Eric Whitehead at the control panel, the great deputy editor of grants,

0:13.9

Evan Lorenz, and Phil Grant, who edits and produces and conceives all those things,

0:20.5

almost daily grants, the invaluable daily,

0:23.8

nearly daily companion to people in the market. So I don't know about you guys, but I've been

0:27.9

feeling a little bit competitive about this podcast of ours. I hear that Ted Cruz has got

0:32.5

this impeachment podcast that's generating like millions and millions of listeners, maybe fewer

0:37.0

next week, but

0:37.9

still. And then there's Guinez Palos' Goop Wellness Podcast, which is just cleaning up in

0:43.9

ratings. She's not a Netflix show, too. Yeah. And I think we can do better. I think we can do

0:49.4

better. And I was thinking about what could propel us into the Paltro-esque rating sphere?

0:56.0

I thought, well, of course.

0:57.6

We are going on a campaign.

0:59.5

That campaign is to strike the word impossible from the dictionary.

1:03.6

As it is, impossible does figure in the dictionary.

1:06.1

It's in the Oxford English dictionary.

1:08.6

And here's what the OED says about the word impossible. First of all, it's an

1:12.3

adjective. It means it not possible that cannot be done or affected, that cannot exist or come into

1:18.3

being that cannot be an existing or specified circumstances. Now, that's make sense.

1:23.6

And what prompted this was Evan, something you said around the other day, was a report that Greece had issued three-month treasury bills.

1:34.2

Whatever the yield was, the most striking thing was the sign in front of the yield.

1:38.8

It was actually a minus sign for 26-week bills yielding minus five basis points. And so this brings me to the mathematical

...

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