So I just logged in to the sniping site to pull a snipe from a watch and found this


Howzat for an Ashley? Normally, the site is pretty good about asking if you really mean to make that bid if you put in a number a few orders of magnitude more than the current price, but not this time. Pretty dangerous.....

 

http://www.usdebtclock.org/

Let's see...$16 trillion times 4% interest per year = $640 billion per year

$640 billion divided by 365 = approx. $1.8 billion per day.

Lou's bid is about 10 days worth ($181 billion / $1.8 billion) of the interest on the national debt. And I'm being very generous on the interest rate.

How's that for a "back of the napkin" calculation?
gatorcpa

 

Very professional

But the good news is that it looks like Lou can afford both the JLC Polaris we discussed recently and the sketchy Plaisted Speedmaster

 

It looks like Lou can afford both a USN Polaris Submarine and the sketchy Plaisted Speedmaster you discussed recently.