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jemini52

jemini52
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  • "The issue isn't if the Fed exits, it's a question of whether they exit way earlier than expected," American Capital (AGNC) CIO Gary Kain tells Bloomberg, feeling his portfolio is better positioned now than in Q1, when higher rates took a chunk out of book value. The Fed will be "extremely slow" in its withdrawal, says KBW's Mike Widner. "That spells an environment that actually gets better for the mREITs (MORT, REM) before it gets worse." [View news story]
    5.00 did, who cares right now
    May 19 07:47 PM | Likes Like |Link to Comment
  • Caterpillar (CAT -1.7%) and the United Steelworkers Union have suspended contract negotiations for mining machinery workers in Milwaukee after talks broke down earlier this week. The union rejected a proposed contract that would have frozen hourly wages for six years, installed a lower wage scale for new hires, altered pension benefits and allowed the company to disregard workers' seniority when selecting employees for short-term layoffs. Workers say they will continue to report and presently have no plans to stage a walkout. [View news story]
    I guess you don't know about the "Union 1%'ers do you"? I moved from Peoria because the union wages from CAT inflated the basic cost of living. I could not afford to live there. Grocery prices were inflated, medical expenses were inflated. You name it and it was inflated. I think cities/workers need a living wage but not at the cost of those who are not in a union. Just saying.
    May 11 09:28 PM | Likes Like |Link to Comment
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