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ProShares Short ETF Short-Term Capital Gains Distributions

(Proshares, not the authors)

ProShares Short ETF Short-Term Capital Gains Distributions

What a bunch of a*sses

Annaly Capital Management: Epitome of Low Risk, High Reward

As near as I can tell, statements by the Fed are an explicit guarantee of the Agency Debt.

Anybody who thinks that the US Gov can walk away from the GSE debt without 100% repayment is crazy. Yes, the people who are leveraged into the GSE will get bailed out. Deal with it. Nothing's been 'fair' so far, why expect the system to become 'fair' all of a sudden?

But, the bail out of leveraged investors will only be on the tail coats of the bigger objective which is to keep foreign entities financing our current account deficit. If the Fed paid back even only 99c on the dollar, the credibility would be ruined and interest rates on treasuries would shoot up dramatically as all the foreign countries (and sovereign wealth funds) would start to question the concept of "the risk free rate of return". If you undermine the notion of a 'risk-free-rate of return', you seriously damage the entire notion of modern finance. Then all bets are off, and you really are talking about the 'financial apocalypse'

So yes, your bridges won't get built, health care will continue to suck, the infrastructure will continue to crumble, because in the end it will be far worse for the country to default on debt that was 'implicit', then made 'explicit' than to worry a building new bridges.

Another words, the US Gov in meeting its larger economic and strategic objectives will also have the nice side benefit of 'bailing' out the leveraged GSE buyers as well.

It seems like the risk to NLY is really the shape of the yield curve and the fact that in the future, the spread won't be as much as in the past if Agency Debt starts trading at the same rate as treasuries.

Housevalues Inc.: Get In On the Bottom Floor

I concure with Alan. Nothing really there of value. Will probably eat through the cash. As housing goes back to being about the house you live in, instead of an investment to flip every 2 years, the market for their services will collapse. All their sites are merely lead generators.