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dnpvd51

dnpvd51
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  • Large-Scale Natural Gas Exports Inching Toward Reality [View article]
    "Oil companies have to make a big deal about shale plays because that is all that is left in the world. Let's face it: these are truly awful reservoir rocks and that is why we waited until all more attractive opportunities were exhausted before developing them. It is completely unreasonable to expect better performance from bad reservoirs than from better reservoirs."

    Arthur Berman
    Jul 18 02:03 PM | 2 Likes Like |Link to Comment
  • Making The Rich Richer [View article]
    The 2006-8 crash which was caused by the Federal Reserve disproves your whole argument.
    Jul 18 01:53 PM | 1 Like Like |Link to Comment
  • Need 7-8% Yields In Retirement? Build Your Income Portfolio With Closed-End Funds (Part III: Discounts And Premiums) [View article]
    I have been taking a longer look at the Pimco CEFs, specifically PCI PDI and PHK.

    It looks to me that PCI and PHK are very similar except that PHK is holding longer term notes. Doesn't this make PCI safer almost by definition and we are not even looking at the premium difference? I could be wrong here about all kinds of things as I am far from an expert. Please someone let me know.
    Jul 17 01:08 PM | Likes Like |Link to Comment
  • Bond Yields Don't Rise When The Fed Tightens Prematurely [View article]
    How can this FED be looser?

    0-.25% fed funds rate is about as low as they can go.
    Jul 17 12:36 PM | Likes Like |Link to Comment
  • Making The Rich Richer [View article]
    I agree with your article.

    I am also of the view that the government cannot give to the wealthy without taking from some other class.
    Jul 17 12:22 PM | 1 Like Like |Link to Comment
  • The Data Problem With The Natural Interest Rate Debate And How To Fix It [View article]
    You are confusing capital formation with inflation.

    It does not do much good for the economy when resources are sent towards building a McMansion as opposed to building a factory. But Easy money makes for easy consumption.
    Jul 16 01:00 PM | Likes Like |Link to Comment
  • Need 7-8% Yields In Retirement? Build Your Income Portfolio With Closed-End Funds (Part III: Discounts And Premiums) [View article]
    We need CEFs from the 2008 crash to test the data.

    Recent history will be too optimistic.
    Jul 15 02:22 PM | Likes Like |Link to Comment
  • The Data Problem With The Natural Interest Rate Debate And How To Fix It [View article]
    Obviously, the rate of interest is less than the rate of inflation. Folks that have money in a savings account are losing the value of their money.

    I wonder where Krugman thinks this value is going.
    Jul 15 01:58 AM | Likes Like |Link to Comment
  • Need 7-8% Yields In Retirement? Build Your Income Portfolio With Closed-End Funds (Part III: Discounts And Premiums) [View article]
    I like to test my ideas by putting them out there. This way if someone can shoot them down, I better rethink.

    I still am not convinced on this one. Is there any historical data one way or the other?
    Jul 14 03:28 PM | Likes Like |Link to Comment
  • Need 7-8% Yields In Retirement? Build Your Income Portfolio With Closed-End Funds (Part III: Discounts And Premiums) [View article]
    I don't agree for many reasons.

    One being that if the higher NAV is related to higher returns, the CEF with higher returns will take the biggest hit. This must be because higher yield is generally related to higher risk.

    The second reason being that the price that the CEF can liquidate itself at is something of a floor on price. Of course, some CEFs may be in things that move much farther in a down turn but I don't see how NAV premiums are determinative of this.

    I don 't see a down turn for the near future, but I still feel much more comfortable in CEFs that offer a discount.
    Jul 14 01:07 PM | Likes Like |Link to Comment
  • Need 7-8% Yields In Retirement? Build Your Income Portfolio With Closed-End Funds (Part III: Discounts And Premiums) [View article]
    I would think the discount would matter of the funds start crashing. Would not the funds with big premiums have farther to fall?
    Jul 14 01:57 AM | Likes Like |Link to Comment
  • Need 7-8% Yields In Retirement? Build Your Income Portfolio With Closed-End Funds (Part III: Discounts And Premiums) [View article]
    PDI and PCI use Reverse Repurchase Agreements for leverage.

    My understanding of this means that they are borrowing directly from the Federal Reserve at some short term rate.

    IS this correct? Any thoughts here?
    Jul 13 05:23 PM | 1 Like Like |Link to Comment
  • The Bond Trap [View article]
    Some people understand that we live in a finite world and then some people are in la la land.
    Jul 12 01:59 PM | Likes Like |Link to Comment
  • The Bond Trap [View article]
    You are in La La land.

    I suppose our earth is not overpopulated either?
    Jul 12 12:08 PM | Likes Like |Link to Comment
  • The Bond Trap [View article]
    The desert is underpopulated?

    Human beings need water to survive.

    And we even have quite a few living in the desert.

    Try again.
    Jul 12 12:55 AM | Likes Like |Link to Comment
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