Well that seals the re-election

N

nasum

CAGiversary!
The Fed has announced that it will buy $40B worth of Mortgage Backed Securities PER MONTH until "the labor market outlook improves substantially".

So, time to start looking into a refi in about 3 weeks and add another 1% to your 401(k) per cheque. By this time next year, the DJIA being at 14k won't be a watermark, it'll be a cause for concern.
 
Still undecided on how this will effect the MREITs I' invested in. Any MBS they hold should go up in value once the fed starts buying them up, but there are other factors as well.
 
Clak - Little to no effect as "The Fed" is likely not buying from those sources and MREIT is based on moving the products more than holding them.
Did you eventually decide to go with AGNC? I've been quite happy so far. Stable price and dividends galore.
 
Last edited by a moderator:
[quote name='nasum']Clak - Little to no effect as "The Fed" is likely not buying from those sources and MREIT is based on moving the products more than holding them.
Did you eventually decide to go with AGNC? I've been quite happy so far. Stable price and dividends galore.[/QUOTE]
Actually no, I went with it's cousin, MTGE. Up a few dollars since earlier this year. Got a little NLY too, not as happy there, but I haven't lost anything.
 
[quote name='dohdough']Please stop linking to lewrockwell. If you have a point, just fucking make it.[/QUOTE]

Point of the article:

[FONT=Times New Roman, Times, serif][FONT=Times New Roman, Times, serif]The war machine and the money machine, in short, are intimately linked. It is vain to denounce the moral grotesqueries of the U.S. empire without at the same time taking aim at the indispensable support that makes it all possible. If we wish to oppose the state and all its manifestations – its imperial adventures, its domestic subsidies, its unstoppable spending and debt accumulation – we must point to their source, the central bank, the mechanism that the state and its kept media and economists will defend to their dying days.

[/FONT][/FONT][FONT=Times New Roman, Times, serif][FONT=Times New Roman, Times, serif][FONT=Times New Roman, Times, serif]The state has persuaded the people that its own interests are identical with theirs. It seeks to promote their welfare. Its wars are their wars. It is the great benefactor, and the people are to be content in their role as its contented subjects.

[/FONT][/FONT]Ours is a different view. The state’s relationship to the people is not benign, it is not one of magnanimous giver and grateful recipient. It is an exploitative relationship, whereby an array of self-perpetuating fiefdoms that produce nothing live at the expense of the toiling majority. Its wars do not protect the public; they fleece it. Its subsidies do not promote the so-called public good; they undermine it. Why should we expect its production of money to be an exception to this general pattern?[/FONT]
Click to expand...
 
Hmm, oil at $92 today, a six week low. All that clamoring about Keystone phase 3 & 4 and the oil from tar sands isn't even economically viable below $90 per barrel due to the higher refining costs.
Way to dodge a bullet president failure pants!
 
That's what kills me about how excited some people get about finding oil in shale or sand. They don't understand that, yeah there is oil there, but it's locked away in something else, it won't just gush forth like some Hollywood Texas oil geyser. It has to be removed from whatever it's mixed into, and that ain't cheap, not as cheap as pumping liquid oil straight out of a well. So all this oil they find in these areas is going to be more expensive than traditional sources of oil.
 
601424_10151070289920197_1921868092_n.jpg
 
I'm glad no one here is talking about hyper inflation. Whenever people talk about that in relation to a couple trillion in dollars being printed, they only show that they have no fucking clue what they're talking about.


 
You must log in or register to reply here.
bread's done
Back
Top