Two video interviews discussing the rally in long Treasuries, using dividend paying stocks as a bond substitute for income, and a few investment ideas.

Argentina is trying an end-run which may result in its being held in contempt of court, to avoid having to negotiate seriously with the hold-out hedge funds over its debt. These owners of ~10% of the bonds refused to join in the 2005 and 2010 deals to extend duration and cut yield on the bonds.

While StarMine data shows that Q1 results at small and microcap companies have missed estimates 56% of the time, large companies in Q1 were 52% likely to match or beat estimated earnings.

This is an article you will not be able to read in the New York Times. Chinese officials are meeting with government reps to negotiate on funding to build a second Mexican telecom networks costing ~$750 mn

The first will doubtless feature the global economy's dependency on exceptionally low interest rates. Britain and the US have only been able to revert to their trend rate of growth through looser and looser monetary policy.

Today's Financial Times reports about what will probably be the ultimate digital virtual currency, and it ain't bitcoin. It is a mobile-phone text-based payments system invented in sub-Saharan Africa called M-Pesa.