Michael Belkin is the author of the eponymously named Belkin Report — a highly respected institutional quantititative/technical service that looks at global markets in equities, commodities, currencies and bonds.

His report this week is tongue-in-cheek titled “Where Else Are You Going To Put Your Money?” and begins with this delightful spoof of the Euro bailout being contemplated by the ECB, LTRO, Germany and others and is appropriately named Uncollateralized BWDGTFBCWT Obligation, Series 17.01.

Mike imagines a trillion Euro perpetual zero coupon offered by Goldman Sachs, proceeds of which will be invested in Bailing Wire, Chewing Gum, Toasters, Facebook Shares and Circular Wire Transfers, which if you have to ask then you don’t want to know.

Prospectus below — be sure to read the fine print.

click for larger prospectus

Category: Bailouts, Currency, Derivatives, Humor

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

9 Responses to “Uncollateralized Trillion Euro Perpetual Zero Coupon”

  1. [...] Barry — click through for [...]

  2. [...] Modest Proposals The Uncollateralized BWDGTFBCWT Obligation, Series 17.01 – Michael Belkin [...]

  3. constantnormal says:

    I know it’s a joke, but I’d be surprised if some clueless small town or state doesn’t have something pretty close to this in its investment portfolio …

  4. Casual_Observer says:

    Bailing wire is useless without duct tape.

  5. [...] Can Kicking: Uncollateralized Trillion Euro Perpetual Zero Coupon | Risk and Return

  6. AndrewBW says:

    It’s funny because it’s true.