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  • Obamacare Reducing Insurance Premiums [View article]
    Who believes this "Many people believe Obamacare was a major step in the reduction of health care costs" name names.
    Sep 15, 2013. 06:37 PM | 1 Like Like |Link to Comment
  • Obamacare Reducing Insurance Premiums [View article]
    You said "They couldn't get single payer through with the onslaught of lobbying and the obstruction by the Republicans."

    Explain how the Republicans stopped single payer when the Democrats held the WH, Senate and Congress during the time Obamacare was voted into law.

    As far as lobbying goes, I agree but it was lobbying by the Democrat side because they held the keys to the kingdom.
    Sep 15, 2013. 03:12 PM | 6 Likes Like |Link to Comment
  • Obamacare Reducing Insurance Premiums [View article]
    Health care premiums have been rising double digits every year since Obamacare talk started. IMO this is a result of insurance companies stuffing the channel in advance to lock in higher premiums.

    Any slow down in health care costs probably has more to do with the insured not going to the Dr. as often because of the fear of adding extra costs to their monthly bills, so yes it looks like Obamacare is already working exactly as planned, we pay more and use less.
    Sep 15, 2013. 10:58 AM | 5 Likes Like |Link to Comment
  • Improvement In The Trucking Industry Spells Profits For TravelCenters Of America [View article]
    the majority of their revenue comes from selling fuel, it seems like investors thought otherwise, hopeful their acquisitions will improve their ability to generate revenue from other areas of their business otherwise by cop or xom at least then you know what your buying
    Aug 6, 2013. 05:19 PM | Likes Like |Link to Comment
  • Improvement In The Trucking Industry Spells Profits For TravelCenters Of America [View article]
    They dont seem to be making any money, at least at this point
    Aug 6, 2013. 04:47 PM | Likes Like |Link to Comment
  • Hatteras: Preparing For Some Bad News With A Paired Trade [View article]
    Very good call, mREITS have been wacked because of the panic rise in rates from concerns to the end of QE, which has exposed cracks in the industry like you pointed out with HTS. But what if rates come back down which is a very strong possibility and stay low for a good while longer? Then what?
    Jul 24, 2013. 03:21 PM | Likes Like |Link to Comment
  • Foreclosures Winding Down [View article]
    Besides the banks buying up housing inventory to hold, rent and sell at higher prices in the future add to that the institutional buyers who are buying up homes in bulk from banks, Fannie and they do this before these REOs ever make it to market. Besides this these same institutions have hired Realtors to find homes to buy direct from the home owner. So while the talk about REO shadow inventory is there you also have to remember so are the buyers of these.
    Jul 11, 2013. 08:45 AM | Likes Like |Link to Comment
  • Panicky selling grips the mortgage REITs (REM -3.5%) as Treasury yields soar following the payroll report. American Capital (AGNC -6.9%), (MTGE -5%), Annaly (NLY -6.9%) Chimera (CIM -4.9%), Armour (ARR -3.9%), Invesco (IVR -2.7%), CYS Investments (CYS -3%). CYS' Kevin Grant was public a month ago about being a happy buyer as yields rose - a bit early on that call. [View news story]
    Capitulation in mreits, lets hope, so we can go shopping
    Jul 5, 2013. 03:31 PM | Likes Like |Link to Comment
  • What's Right With The REITs [View article]
    Is there someplace one can go to find what a ReIt portfolio holding is comprised of, like for mortgage REITs more specifics like % of agency % non agency paper etc.
    Jul 2, 2013. 09:53 AM | Likes Like |Link to Comment
  • More on Mortgage applications: The refinance index dove 15% to its lowest level since November 2011 as the average 30-year fixed-rate mortgage jumped 17 bps to 4.07%, the highest in more than a year. The index is now off about 40% in a month. Mortgage REITs (MORT,, REM) certainly face a few issues at the moment, but prepayment risk is no longer one of them. Struggling enough finding growth, the refinancing cash cow benefitting the big banks (WFC, BAC, JPM, C isn't producing at the moment. [View news story]
    TK- agreed, something else going on here, maybe its not that borrowers are afraid of rates going higher but more to do with waiting for rates to go lower. If borrowers believed rates were going up and not coming back down there would be a mad rush to refinance.
    Jun 5, 2013. 10:51 AM | 1 Like Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 3....  [View instapost]
    Without any indications otherwise this may be a delayed "sell in May go away" profit taking using concern over rates as the excuse. Markets have hit new highs in spite of earnings that have be in decline for 3 quarters. So its not unreasonable to think of wanting to lock in some gains now because if 2013Q2 earning look fine the markets resume their rise, if earnings do not then the markets rise because it has already discounted the poor earnings. In either case any rise will begin lower then where we are right now.
    Jun 2, 2013. 01:32 PM | 1 Like Like |Link to Comment
  • Why So Many People Have A Bear Market Mindset In A Bull Market [View article]
    Buy-" If we do fall off the cliff again, it would be an excellent buying opportunity. "

    Who will be buying, not the ones who you lament still have a bear market mindset and sit on the sidelines waiting for the next shoe to drop?

    Those sitting it out have been baked in the squat, they wont be buying on any sell off or break outs, they will sit and fester,
    Apr 27, 2013. 05:29 PM | 1 Like Like |Link to Comment
  • Mar. Existing Home Sales: 4.92M vs. consensus 5.03M, 4.95M previous (revised). [View news story]
    cau- manipulated, how so? When has the real estate market not been manipulated by local, state and fed?

    Concerning BK and buyers, if over 2-3 years you've re- established your credit, have good credit scores, earn enough money to qualify then your should be able to start over because its set up that way. You dont like it change the BK laws!

    As far as buyers getting into a home with 3% down, the difference today from the crash is they have to qualify, with verifiable income, assets, credit and appraisal. FYI- Realtors stress with every financed buyer until closing because its not easy getting financing today and it shouldn't be.

    Homes are vacant most where the markets were misused, abused and confused. Lenders are opting for Short sale over foreclosure to expedite the process so they can get there inventory of distressed homes sold. Those in REO sit and fester for years working through the bogged down system which hurts all.
    Apr 22, 2013. 04:58 PM | Likes Like |Link to Comment
  • Mar. Existing Home Sales: 4.92M vs. consensus 5.03M, 4.95M previous (revised). [View news story]
    Author makes some interesting points but doesn't provide any real information/date beyond conjecture as to why. For instance concerning home listing being down "CoreLogic pointed out that listings are down the most in those metros with the highest percentage of mortgaged properties which are underwater. CoreLogic’s perspective confirms what I’ve been saying for two years. Homeowners who owe more than the property is worth now are very reluctant to sell. They are even more unwilling to pursue a short sale and face the possibility of having to pay back the deficiency from the shortfall." So what is he really saying really I mean what???

    IMO under water property owners might be unwilling to sell because, just maybe they can afford to pay the mortgage now and or want to hold on for better times. I know several owners paying on a mortgage worth twice the value of their home, WHY? not everybody runs from their debts. Unless you have some data stating otherwise you cant dispute my theories because they are my opinion based on logic, unlike the author who in this specific case provided no data to support his claim, just conjecture.
    Apr 22, 2013. 01:52 PM | Likes Like |Link to Comment
  • There's no respite for Greece as retail sales fell 16.4% Y/Y in January, double the pace from the previous month. The grand total for retail sales contraction in Greece over the last four years: 34%.  [View news story]
    dream on :)
    Mar 29, 2013. 01:13 PM | Likes Like |Link to Comment