MARKETS,Anybody even yet?

[wildman49]

dip my toe into XOM 97.88

[dinghy]

I'm in the mood to buy

I keep thinking about TLT as an investment, contemplating the possibility of yield curve control to hold the 10-year below 4.5.

Look how it went in the 1940s:

https://www.newyorkfed.org/medialibrary ... /sr913.pdf





Black line is long-term bonds. They were able to hold below 2.5% throughout the entire decade. And that was despite raging inflation in some years (chart sourced separately):



If the current tyrants are really committed to defending 4.5, then TLT can't go down in price (or you could buy the 10-year ETF to be perfectly aligned). There's a risk though that you could miss out on other yields that aren't capped. In the 1940s, I believe they also capped the short durations. I don't know what happened to corporate bonds. The problem with price controls is you can't allow any escape valves.

[dinghy]

dip my toe into XOM 97.88

You got the recent low. It hasn't traded there since 2022.

[dinghy]

I did notice the p/e on AEM.

Miners are valued a little differently because you're not exactly just buying the earnings, you also have the untapped value of the in-ground reserves.

[wildman49]

I did notice the p/e on AEM.

Miners are valued a little differently because you're not exactly just buying the earnings, you also have the untapped value of the in-ground reserves.

lucky fill thought I missed it the other day under 98

[wildman49]

Took a 2 point profit on XOM think it might go lower in the coming weeks.

[Hiker1]

It's rumored that the Japanese have been big sellers of Treasuries just lately.

U.S. credibility has been shaken around the world. Just as our debt is facing a significant increase.

[tech58]

It's rumored that the Japanese have been big sellers of Treasuries just lately.

U.S. credibility has been shaken around the world. Just as our debt is facing a significant increase.

Concern about our credibility is part of the reason for the mess that has evolved over the last 60 years.
Trying to avoid being the big bully in the world we have allowed other countries to penalize our exports while we import theirs to keep goods cheap.
I learned in grad school, about 55 years ago, what trade imbalances would mean for our economy.
All that debt that Japan, China, and many other countries own, came at the expense of the U.S. economy. They hollowed us out and bled our wealth because politicians are no match for businessmen.

I have hoped, since then, to live long enough to see someone take on this problem.
Finally, slowly being brought to light by a BUSINESSMAN who is not a POLITICIAN?
The potential benefits to us if a reset to fairness is achieved are immense!
The only mystery to me is why some people cannot see that.
TO HELL WITH CREDABILITY!

[dinghy]

The only mystery to me is why some people cannot see that.

Trump reminds me of my ex-wife when she was on her period.

[tech58]

The only mystery to me is why some people cannot see that.

Trump reminds me of my ex-wife when she was on her period.

Excellent similitude dinghy. Thanks for the analogy.
He has the cantankerousness, obstinacy, and assertiveness that fit the situation perfectly.
No more Mister Nice Guy's needed.