« How to give directions | Main | More book awards: high standards in Iran »
Eddy Elfenbein informs me
Goldman is now below its IPO price.
From his blog, here is a charming graph on TIPS yields. Here is some explanation.
Via Mark Thoma, here is what the 15-year stock price bubble has looked like.
Posted by Tyler Cowen on November 21, 2008 at 07:37 AM in Economics | Permalink
Comments
Isn't "Eddy Eddy Elfenbein" what kids yell in Kick the Can?
Posted by: meter at Nov 21, 2008 12:33:31 PM
Yes, the markets are pretty wacky, but I believe that charming graph of the TIPS yields is misleading.
The Jan 15, 2009 TIPS include one more CPI print which will accrue during December. If it is –1% then plain arithmetic would explain around 12% of the annualized yield as a simple offset. It's a bit like looking at a stock price just before and after a dividend payment.
Posted by: a student of economics at Nov 21, 2008 2:30:47 PM
Poor employees that got IPO 10-year European stock options.... the IPO was in 1999.
Posted by: Juan at Nov 21, 2008 11:41:40 PM
You can buy and gain very cheap cabal alz.
Posted by: cabal alz at Jan 1, 2009 7:31:28 PM
