This is a public service announcement.

That junk-looking credit card solicitation, just might not be junk.

The latest round of stimulus checks was issued in the form of prepaid debit cards — in plain white envelopes that don't bear any federal markings. 

Some people are throwing their stimulus payments away

The debit cards come in envelopes that say "Money Network Cardholder Services" and do not bear any federal markings.


Others received checks from the IRS.

Fees Apply

Note that some Fees Apply.

Who concocted this program?


Stimulus Checks Delayed: To Get Trump's Signature On Them?

Stimulus checks: Where the hell are they, and why?

Questioning the Value of Junk

I am in awe at how little extra yield investors are willing to take for junk bonds vs AAA-rated Bonds.

Lesson On How to Look Like a Pompous Ass, Bitcoin Style

Please pay attention: Here's a valuable lesson on how to make yourself look like a pompous ass.

Zombification Perfected: Negative Yield Junk Bonds Take Hold in Europe

Expectations of further monetary stimulus depress yields. There are now 14 junk bonds in Europe with a negative yield.

Mutual Fund Whale Goes "All In" On Junk Bonds

A mutual fund whale likes to time the junk bond market. The whale is back to "all in" via ETFs.