Yahoo Finance Ventures into Onion Parody or Satire or Comedy or Something

Here it is, in case you need a good laugh, savor it slowly, it really is quite hysterical: Yahoo Finance Loses it


You have got to be kidding me! How in the wide, wide, world of sports did an article from the Onion get published as fact in the Yahoo Finance Section? Oops, maybe my bad, maybe this was actually written by a fact challenged individual with absolutely no demonstrated knowledge of capitalism, finance, manufacturing or marketing, much less rifles or guns.


Where to start? "..must be the chance to make money."  Duh, is that not the purpose of a corporation? I would think a Yahoo Finance Writer would at least suspect this.


 "..unusually powerful." Huh? the .556 (.223 as it is sometimes called) is medium powerful at best, especially with the wind behind it.


"In common usage, "tactical shooter" is one of the descriptions of video game features." What? I have no idea what this means, although I must admit I have never spent even one minute playing Halo or some of the other choice offerings of simulated digital war games. So I looked it up in Wikipedia, probably as accurate a source as the author of this article used for his Non-Beretta comments, and found that:  A tactical shooter is a subgenre of shooter game that includes both first-person shooters and third-person shooters. These games typically simulate realistic combat, thus making tactics and caution more important than quick reflexes in other action games. Tactical shooters involving military combat are sometimes known as "soldier sims".


" The rifle is remarkably sturdy, according the Beretta: "  Are syntax, grammar, or typographical errors mandatory these days?


Enough time wasted on foolishness, the above of course is just my humble opinion, written by a one finger a letter at a time mode in between chuckles and trying not to bite my tongue which was firmly implanted in my cheek as I practiced Fair Use of partial content for purposes of review and ridicule.

WSJ: Fed Buying 61 Percent of US Debt

Don't expect interest rates on savings deposits to rise at all over the next several years, or more, if the Fed keeps on buying up the majority of US Treasuries at this rate. And most likely they will, since no one else seems to want them anymore.Julie Crawshaw and Forrest Jones at MoneyNews give us this recap of the original Lawrence Goodman WSJ article here: Federal Reserve Propping up US Economy and presents a dire scenario. In the original article at the WSJ by Goodman Demand for U.S. Debt Is Not Limitless  (Possible Paywall) he makes the point that " Federal Reserve purchases of Treasury debt mask reduced demand for U.S. sovereign obligations." this creates the impression of stronger demand for US debt  and could be especially dangerous.

In consensus, Crawshaw and Jones make the point that the Fed, by propping up the treasury sales, may be delaying action on fiscal responsibility, perhaps even postponing "serious attempts to curb spending and narrow its gaping deficits" by the US Government.

"Without foreign buyers and a shrinking base of U.S. corporate and bank buyers, the Treasury has had to resort to the Federal Reserve itself to make the purchases. The Fed purchasing not only makes up the shortfall, but can keep long term interest rates artificially low."

So for now don't wait for the banks to start offering any reasonable interest rates soon, and look to the market for investments in solid stocks. But take care, the bulls are here for a short term, leading up to the elections. Then pay attention, because the results of this one will determine the financial future of not just this country, but of the world.