Comments on: Counterparties: The economics of flying blind A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: traducere daneza Mon, 29 Sep 2014 13:54:55 +0000 5 Cheap Lululemon VLwD Lululemon Official Site RShF Lululemon Yoga Pants RSsS Coach Factory Outlet GReW Coach USA FSsN Coach Outlet Online GLeD Michael Kors Outlet FJhW Cheap Michael Kors DLdD Michael Kors Sale RSxF Michael Kors Factory Outlet FGhF Lululemon Yoga Pants VEhN Lululemon Yoga Pants DGeW Lululemon Yoga Pants RSxS Michael Kors Purses ROeN Michael Kors Outlet DKhZ Michael Kors Outlet FEdE Michael Kors Purses FLeZ Michael Kors Outlet Online DKdW Louis Vuitton Outlet DJhF Louis Vuitton Purses FEeF Louis Vuitton Outlet DReG Louis Vuitton Purses RGrE Foamposites For Sale FJeF Lebron James Shoes GRwN Foamposites ROwF Lebron 11 For Sale VLsE Louis Vuitton Handbags TdX louis vuitton luggage TuX Louis Vuitton Speedy RsE Louis Vuitton Handbags Xwo

By: jpmist1 Mon, 22 Apr 2013 19:46:37 +0000 “Mortgage REITs, the latest systemic threat to the US financial system”

Yikes! When you get a chance, please debunk that brain dead vapid article. mREITs are less than 10% of the agency mortgage market, certainly no larger than the Banks, Brokers, Institutions and Pensions in them as well. Agency mREITs are even a smaller player in the repo market.

Annaly had no problem getting repo financing during 2007 -2008 because their desirable collateral was backed by the US Treasury. They’re hedged with repo with terms as long as 4 years, so any short term spikes aren’t gonna be felt too much.

Agency mREIT leverage is about 30% less than the Banks and Brokers as well, and if there’s to be new rules and regulations it’ll have to apply also to the Banks and Brokers. Any chance of that? I don’t think so either.

Agency mREITs assets grew rapidly last year thanks to the Europocalypse which along with the Fed, scared a lot of investors out of the sector. Their shares were trading below asset value so that was an ideal time for secondary offerings, which aren’t dilutive and the only way mREITs get larger.

WIth the Fed’s foot on the throat of both long and short term rates for at least 2 years, most mREITs are in a sweet spot of stable net interest spreads.

Nothing to see here, move along. . .

By: Chris08 Sun, 21 Apr 2013 18:35:49 +0000 Krugman has a good, acid piece on the idea that economics is all too confusing for the Europeans to understand. He says it is confusing because that is what they wanted and now that their wrong nostrums have proved poisonous they are pretending they had no idea what to do. Nonsense, in effect, he snaps. You had plenty of good advice; you just refused to take it.