Confused about bonds? The time value of money? Inflation? Bond yields? Ask Gaga!
Call her 2-3 percent Gaga. This pop queen is USED by financial experts to teach lessons on inflation rates. Honestly, who else but the queen of finance?
Quote:
From Bloomberg:
Gaga Prices Show Inflation Eroding Debt Return: Australia Credit
Lady Gaga and Rolling Stones fans have no problem paying higher prices for Australian concert tickets. Bond investors are less comfortable as inflation in the nation accelerates.
Gaga is charging fans she dubs her “little monsters” A$1,499 ($1,385) to buy a “Meet & Greet” ticket package for her tour in August, about the same as an average Australian’s weekly wage. The priciest ticket for the Stones gig originally set for March 25 in Sydney was A$577.70, before the group postponed its shows following the death of L’Wren Scott, Mick Jagger’s girlfriend. When the Stones played in 2006, the price was A$399.50, representing a 45 percent increase in eight years.
...
Consumer price gains accelerated to a 2.7 percent annual pace in the fourth quarter, versus 1.1 percent in the U.S. in February, the latest government data show. Sydney home prices surged to the most ever this month and transportation costs were near a record. Australian bonds due in 10 years and more fell 1.1 percent in the first three weeks of March, the biggest loss of 144 debt indexes around the world compiled by Bloomberg and the European Federation of Financial Analysts Societies. |
not Suzie tho
