Prepare to Meet Thy Maker

I am ready to meet my maker, but whether my maker is prepared for the great ordeal of meeting me is another matter.

Winston Churchill

Federal Funds Rate

Federal funds rate: What is it?

It is the interest rate that institutions pay when they borrow reserves overnight from each other. Banks borrow reserves in the federal funds market in order to meet reserve requirements set by the Federal Reserve, and to ensure adequate balances in their accounts at the Fed to cover checks and electronic payments that the Fed processes on their behalf.

Please note that changes in the federal funds rate often have a strong impact on other short-term rates. That's why everybody is watching this fed fund rate like nobody's business, which is currently standing at 5.25%. And guess who or what gets to decide this number should be altered from time to time? Or well at least 8 times a year?

Right. The Federal Open Market Committee (FOMC). She is the Federal Reserve's top monetary policy-making body! So don't pray pray huh!!! More next entry. Watch for it...

Limited Definition of Others

We must not allow other people's limited perceptions to define us.

Virginia Satir

Cross Dressing

A wealthy couple had plans to go to an evening ball. So they advised their butler that they were giving him the evening off to do as he pleasd since they would be out until quite late.

The couple went to a ball and dinner. After an hour an a half, the wife told her husband that she was horribly bored and that she preferred to go home and finish some work for the next day. The husband responded that he had to stay for a few more hours to meet some very important people who were his new business partners.

So the wife went home alone and found the the butler spread out on the couch watching TV. She slowly moved towards hime and sat down very seductively. She then told him to come closer. Then even closer.

She moved forward and whispered in his ear "Take off my dress...".

"Now take off my bra."

"Next remove my shoes and stockings."

"Now remove my garter belt and panties."

She then looked deep into his eyes and in a sharp voice shouted "The next time I catch you wearing my clothes, you're fired".

The Discount Rate

The discount rate is the interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility - the discount window.

The Federal Reserve Banks offer three discount window programs to depository institutions: primary credit, secondary credit, and seasonal credit, each with its own interest rate. All discount window loans are fully secured.

Under the primary credit program, loans are extended for a very short term (usually overnight) to depository institutions in generally sound financial condition.

Depository institutions that are not eligible for primary credit may apply for secondary credit to meet short-term liquidity needs or to resolve severe financial difficulties.

Seasonal credit is extended to relatively small depository institutions that have recurring intra-year fluctuations in funding needs, such as banks in agricultural or seasonal resort communities.

Now, the discount rate charged for primary credit (the primary credit rate) is set above the usual level of short-term market interest rates. (Because primary credit is the Federal Reserve's main discount window program, the Federal Reserve at times uses the term "discount rate" to mean the primary credit rate.)

The discount rate on secondary credit is above the rate on primary credit. The discount rate for seasonal credit is an average of selected market rates. Discount rates are established by each Reserve Bank's board of directors, subject to the review and determination of the Board of Governors of the Federal Reserve System. The discount rates for the three lending programs are the same across all Reserve Banks except on days around a change in the rate.

So, no more confusion now. We are NOT talking about the Fed Fund Rates, which I will touch on later. So stay tuned, stay safe, & most importantly, stay solvent!

Motivation is Within

Motivation is a fire from within. If someone else tries to light that fire under you, chances are it will burn very briefly.

Stephen R. Covey

出口 - 飞轮海

歌曲：出口
歌手：飞轮海
专辑：飞轮海

红着眼你轻轻碰我的手
对不起你喃喃地说
我的难过不只你又伤了我
还有你变得这样擅长认错
叹息沉默加泪水和疲倦
怎么会爱只剩这一些
是不是时间把人变得傻了点
明明有过快乐却忘了怀念

如果我可以不再迷恋
迷恋你在怀中幸福的香味
也许就能够不再有期待
期待你回来约好的未来

我听着你说爱我
感觉却如此寂寞
笑容只维持几秒就变酸了
此刻我只想找一个出口
逃离这混乱荒谬
爱不爱改天再说

我想你真的爱我
但我也真的很痛
不然不会连亲吻都苦苦的
哪里才会有离开你的出口
可是我离开以后
能往哪里走

听着你说好爱我
感觉却不是感动
这一次拥抱以后
还有没有
谁能告诉我
哪里有出口
能让我逃出这个
我快沉没的漩涡

就算真找到出口
能往哪里走