Twas the Night Before Fed Day

The seniors were nestled all snug in their beds,
While visions of fixed income danced in their heads.
And Geithner at Treasury, and I at the Fed,
Had hooked up the banks with a risk-free spread.

Netflix vs Its Vendors

Imagine a world in which Coca-Cola ($KO) barely scrapes by while the guy who refills the soda machines is on the cover of Fortune Magazine with a cigar dangling out of his mouth, his boot atop a case of Diet Coke. It is almost exactly like the world that Netflix ($NFLX) currently inhabits.  The company…