TenDollarTommy

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    • Fri Aug 1st 12:34 PM | Rating: 0 0
      Commented on:
      Annaly Capital Management: Epitome of Low Risk, High Reward
      The article captures the gist of NLY, but doesn't mention a large portion of the porto is floating rate, which is more or less immune to rate movement. In addition a growing part of earnings comes from a money management subsidiary which is not linked at all to the bond or MBS mkts.
      These guys know what hey're doing and they are the best in the biz. They are running a bank investment portfolio without the hazrds of having the rest of the bank.
      Their disclosure is extremely transparent and they only messed up once-- back in 2003, when the yield curve flattened/inverted and hit them.
      You can also investigate their preferreds which offer nice yields but lack liquidity.
      View article »
    • Wed Jun 18th 18:52 PM | Rating: 0 0
      Commented on:
      RBS Predicts Global Market Crash: What's In It for Them?
      Grace, I don't see your point. You have obviously never been in a major bank trading environment. I have. Bank economists and analysts don't make market calls for traders - the p/l from RBS trading desk is not material to the operation. Second, traders generally ignore anything economists say, listening to them is a sure way to lose your butt in the market. Third, if you have an issue with what was said, attack the thought process and facts as stated, don't use "argumentem ad hominem" to try to discredit the argument, that's a fallacy in formal logic.
      As a parting thought -- bruin532, you are an idiot, go back to high school or wherever you learned the drivel you spout.
      View article »
    • Fri Mar 7th 11:54 AM | Rating: 0 0
      Commented on:
      Here's Why the Fed Has No Credibility
      As a guy who traded in the fixed income and futures markets at a couple of major NYC firms over the past 25 years I say it's obvious you don't know anyone at the Fed or how they operate in the real market, nor do you know much about how credit markets in general operate. In fact, you don't know that you don't know....
      View article »
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