Sunday, May 23, 2010

Man this Bloomberg News

Bloomberg News has a tendency to create these headlines by putting together a lot of keywords which individually make sense but all together don't. Keywords to make sure the article turns up in search engines. All said, this is ridiculous :
Strippers Declare Inflation Dead in Zero-Coupon Bond Revival

What?? Since when did the adult entertainment industry begin tracking implied future changes in broad price levels as reflected in the price of treasury bonds.

Now, on deeper investigation stripping refers to the practice of separating (or stripping) the interest and principal components of treasury bonds and marketing them separately. A financial analyst who does this stripping, would be well...a stripper.