Schiff was right. I was right that Schiff was right. Mish was wrong. You were wrong to think Mish was right. http://www.schiffradio.com/b/Mish-Shedlock-Exposed/-99733001115235480.html
If the Fed wanted to drop the yield on the 10yr to 0.50%, would they be technically able to do that, even if the general population of the U.S. and the rest of the world no longer wanted to hold them? Feel free to pontificate about why they would never choose to do that or whatever, but I'm only interested in whether it's possible for them to exert that level of control over the price of Treasurys.
Do you hate the liquidity of holding cash, and its being too damn available all the time? Fearful that gold is becoming a barbarous relic? Try the new 1.56%-yielding 10-year U.S. Treasurys! Guaranteed not to lose any value (unless they do), and backed by the full faith of your trusty U.S. Federal Government, these fine bonds will keep you in bondage for a decade. You won't have to worry about making too much money, because they yield practically nothing! That means a low tax liability! If you like the supply/demand ratio of a commodity with an infinite supply, these T-bonds are for you! Worried about finding space for more? Don't worry: Federal Reserve Chairman Ben Bernanke (The Bernank to his friends) can just add some to your account on a computer, with no space limitations! If we can imagine a number, we can copy that many T-bonds just like it! [more]
I placed two orders for Alexandria Minerals (ALXDF on the Pink Sheets), in two separate accounts, with two different brokerages, one with a limit of $0.0950, the other with a limit $0.0965, both around 1:00PM EDT. When I checked on them this evening, neither had gone through, and meanwhile the quoted price of the stock leapfrogged my orders downward to $0.0910 shortly after I entered the orders. There was volume today of 5,500 shares, which is less than either of my orders, but I did not put an AON on either. (I don't think my brokers would let me, anyway.) So I have two questions: [more]
...or a good place to dig up good data on such things on the cheap?
I wonder, also, whether there's a good way to get exposure to emerging markets small-caps without getting a larger weighting of large caps - that sort of thing.