Well it has been a while since I had the time to write a post that is worthy of this wonderful non internet explorer 6.0 compatible website (yeah that’s right screw IE6 and earlier). But anyways since August 24th I have moved into my wonderful apartment in Brooklyn and have started business school.

I get the distinct impression that the Fordham MBA program was put together as an after thought. The entire MBA program is housed on the 6th floor of their Lincoln Center campus, the program is woefully understaffed (evidenced by the complete lack of response to like 60% of my emails), and the dean doesn’t even have an MBA. But that’s neither here nor there. The Professor’s seem to be very good and that’s really what matters.

So the other day I almost started to laugh out loud in class. We were having a discussion about US treasury bonds and how China and Japan combined had bought over 1 trillion dollars of them. But then my professor said something interesting. She said “the risk on US treasury bonds are considered to be zero. If the US is unable to pay they can just settle the debt with more treasury bonds.” I found this to be hilarious. Imagine if I could do that with the credit card companies or you could do that with anyone you borrowed money from. It would be a disaster! But that’s how things work for the US, according to my professor. I don’t know about you but I really hope that never happens. I doubt china would be happy with getting more treasury bonds to settle their debt. Oh well I guess I’ll just start learning Chinese now!

zài jiàn! (that’s goodbye!) peace out folks.