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dnpvd51

dnpvd51
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  • Debunking The Myth Of Leverage For Closed End Funds [View article]
    I looked up PDI, PCI and DSL.

    It is easy to find that which they own. I could not find details on leverage. Where does one look?

    If the leverage ain't cheap, I certainly am not interested.
    Jul 7 01:43 PM | 1 Like Like |Link to Comment
  • Debunking The Myth Of Leverage For Closed End Funds [View article]
    The leverage ratio is not hard to find.

    I want specifics as to leverage.

    If these companies are borrowing cheap short term near zero, I want exposure as how else can one borrow cheap?
    Jul 7 10:07 AM | Likes Like |Link to Comment
  • Debunking The Myth Of Leverage For Closed End Funds [View article]
    I looked at the Q reports for DSL, PCI and PDI.

    How does one find the leverage in the reports? From whom are these funds borrowing?
    Jul 7 12:24 AM | 1 Like Like |Link to Comment
  • Differentials All The Difference For Cabot Oil & Gas [View article]
    Cabot's very attractive cash costs give it the ability to breakeven below $2/mmbtu in the Marcellus, but there's no question that there's a huge value difference between "breakeven" and more appropriate differentials.>>...

    I don't believe this at all. And is COG hedged on the NYMEX?

    It is going to take some very creative accounting for these guys to show a profit next quarter. I think with honest accounting these guys lose money under $6-7 NG. At $2, they take a bath.

    It is interesting how the coal companies show losses when prices crater but the NG producers show huge profits.
    Jul 5 03:28 PM | Likes Like |Link to Comment
  • Is It Time To Sell These PIMCO Closed-End Funds? [View article]
    Good article.

    Please explain how these two funds, PCI and PDI, get leverage. I was looking through their NQs and I could not find it.
    Jul 3 03:01 PM | 1 Like Like |Link to Comment
  • A Vicious Cycle Fuels The Massive Student Loan Bubble [View article]
    This article is right on target.

    This leaves two solutions:

    1.) Students are tested. The students that pass the tests get government money outright to pay for school. Government loans are eliminated.

    2.). Government loans are eliminated. The wealthy and well off get higher education.
    Jul 3 01:53 PM | 2 Likes Like |Link to Comment
  • Bill Gross, Bondholders Battle The Fed, And Gold [View article]
    Lance,

    I am not understanding how that .25% rate paid on reserves deposited at the Federal Reserve makes much difference since that rate is well below the rate of inflation.

    Is it your contention that if the FED paid zero, then the banks would pull this money out of the FED? What if this rate was lowered to .15%?

    It seems to me that in this low yield world, this money has nowhere to go regardless of the yield the FED pays on it. I am not quite understanding why the banks wouldn't prefer to own long term treasuries with this money and at least get a return higher than inflation although the risk here does look very high. It seems to me that there should be some real pressure to unload this cash since it is obviously losing value.

    I am not sure if anyone understands the ramifications of these reservers. I have yet to read a good explanation and I have been looking.
    Jul 1 11:15 PM | Likes Like |Link to Comment
  • The Bond Trap [View article]
    The problem of illegal immigration is overpopulation. This problem does not go away by making immigration legal.
    Jul 1 12:48 PM | 1 Like Like |Link to Comment
  • The Bond Trap [View article]
    There are plenty of articles on this subject.

    Why don't you bother to read one?
    Jun 30 01:33 PM | Likes Like |Link to Comment
  • The Bond Trap [View article]
    If you would prefer to just tax the rich, how is giving the rich a big fat loophole in the mortgage interest deduction achieving that aim?
    Jun 30 11:51 AM | 1 Like Like |Link to Comment
  • The Bond Trap [View article]
    I don't know where you getting your statistics from but at best you have a 65% vs. 35%. Certainly even if folks are too young to buy a house they are hurt by expensive housing. You explained why this giveaway to the banks and the wealthy and the real estate industry is politically successful.

    Using your same logic, a rising stock market helps the poor also because most people are in the stock market in some manner. But we all know that our rising stock market is increasing the gap between the rich and the poor.

    Your logic is bull&%*&
    Jun 30 01:18 AM | 1 Like Like |Link to Comment
  • The Bond Trap [View article]
    Macro,

    As soon as you insist that raising the price of housing helps poor people you have lost all credibility.

    And even more so, as soon as you insist that the mortgage interest deduction helps poor people you have completely lost credibility. This argument is not even used by this deductions most ardent supporters because it is a known fact to be false. Although the fact that the mortgage interest deductions mostly helps the wealthy is used by its critics.
    Jun 30 12:46 AM | 1 Like Like |Link to Comment
  • The Bond Trap [View article]
    People that own assets are not poor people. Why are you having so much trouble with this concept?
    Jun 29 05:36 PM | Likes Like |Link to Comment
  • The Bond Trap [View article]
    The 65% that own homes are generally wealthier than the rest that don't own homes.

    Also, a good chunk of that 65% are deeply mired in debt due to your making homes affordable nonsense. People are coerced into paying obscene prices for housing. We saw this before the crash and we are starting to see it again.

    And you can't have the government giving to housing market(the banks, the real estate industry, the builders etc) without taking from somewhere else. This means the lower crashes must be getting screwed when the government pumps up the housing market.

    Your logic should be boggling your mind.
    Jun 29 02:51 PM | Likes Like |Link to Comment
  • Less Than Zero: The Case For Cash [View article]
    I hold a lot of cash and then I trade that which I do have in the markets very aggressively.
    Jun 29 02:26 AM | 5 Likes Like |Link to Comment
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