at Nasdaq.com (Mon, 12:39PM)
Leveraging a bond yielding 1.5%-2% by 8X is not a great business, writes David Schawel,...
Leveraging a bond yielding 1.5%-2% by 8X is not a great business, writes David Schawel, remaining bearish on pure-agency mREITs. Dividends - and share prices along with them - will be cut more than expected next year. How about non-agency? Maybe too popular, he says. "Every hedge fund is suddenly an expert." (other ideas instead: I, II)
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