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Published on NewsBusters.org (http://newsbusters.org)

Couric’s Economic Savior: Stamps

By Jeff Poor
Created 2008-02-12 18:44

Fear not, ye economically downtrodden: Katie Couric is looking out for you.

The "CBS Evening News" broadcasts over the last few months have found a multitude of ways to frame the U.S. economy in the worst possible ways, so much so that Couric compared CBS News correspondent Anthony Mason to the grim reaper on a recent newscast.

But Couric offered a solution to the pending doom and gloom you see every night on the news on the February 11 "Evening News" - stamp futures [1].

"And are you looking for a safer investment than the stock market these days?" Couric asked. "Well, how about postage when the postage rate goes up to 42 cents on May 12 [2] for a penny-per-stamp profit.

While a guaranteed 2.4 percent return wouldn't be bad, it's less than other safe investment options. For example, the yield on a one-year certificate of deposit at many banks has a higher return of 3.5 percent, according to BankRate.com [3].

Let's hope the "Stamp Bubble" isn't next.


Source URL:
http://newsbusters.org/blogs/jeff-poor/2008/02/12/couric-s-economic-savior-stamps