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Parable of the Talents.... REVISED?!?

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August 12, 2016 – Comments (0) | RELATED TICKERS: TBT

 As I continue to look on with amazement and bemusement at the sovereign bond markets, a funny thought hits me… Would the "wicked and lazy servant" in the Bible story of the talents, have been instead applauded for not investing in German or Japanese 10 year bonds, and instead burying his assets in gold?

 

 Matthew 25:24-27 NIV

[24] “Then the man who had received one bag of gold came. 'Master,' he said, 'I knew that you are a hard man, harvesting where you have not sown and gathering where you have not scattered seed. [25] So I was afraid and went out and hid your gold in the ground. See, here is what belongs to you.' [26] “His master replied, 'You wicked, lazy servant! So you knew that I harvest where I have not sown and gather where I have not scattered seed? [27] Well then, you should have put my money on deposit with the bankers, so that when I returned I would have received it back with interest.

 

 But seriously, I am encouraged that negative interest rates cannot last forever, especially given the Biblical principle of banks paying interest.  

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