Results 10,426 to 10,450 of 18222
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04-03-2020, 11:10 AM #10426
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04-03-2020, 11:15 AM #10427Registered User
- Join Date
- Oct 2007
- Posts
- 12,664
So is this what they mean by "Trickle Down Economics"?
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04-03-2020, 11:18 AM #10428
There are now no more borrows on the China coffee stock scam LK.
Am deep underwater on my starter position on mREIT IVR. Am going to roll some dice on Fed bailout of poor mark-to-market CMBS and RMBS collateral holders as IVR's portfolio is 70% agency MBS which the Fed is buying on the open market
IVR's price/book is 0.12. If they liquidate the book should be cut approx in half. If the fed throws more money at the problem then the book value rises. Anyhow who the hell knows what the book really looks like so meanwhile I'll take the CCL and LK profits and throw it at the munifence of the Fed
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04-03-2020, 11:32 AM #10429Registered User
- Join Date
- Feb 2014
- Posts
- 2,494
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04-03-2020, 11:33 AM #10430
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04-03-2020, 11:50 AM #10431
Was thinking of paying my mortgage down considerably. Maybe I should just wait for it to be absolved? Go out and buy a sweet new camper for the truck too?
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04-03-2020, 12:15 PM #10432
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04-03-2020, 01:00 PM #10433Rod9301
- Join Date
- Jan 2009
- Location
- Squaw valley
- Posts
- 4,667
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04-03-2020, 01:04 PM #10434
My boss sent me this last night- https://michael-hudson.com/2020/03/u...onomic-crisis/
It's a short read. TLDR- we are going to have defaults on bonds en masse. If we aren't careful about how we handle it the solvency of our currency is at risk.
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04-03-2020, 01:09 PM #10435
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04-03-2020, 02:03 PM #10436
I know I'm talking to myself here but it's fun in a bizarro way to learn about mREITs
My calculations are off because I have to factor in the bank lenders to IVR not marking to market Agency and non-agency MBS. That's pretty much a foregone conclusion that everything will be called but MAYBE the agency MBS will get more weight because of an implied fed backstop
Anyhow if the collateral is marked down more than 30% then commons and prefs will get wiped out. So I'm really buying a call option without time limit on the entire biz. Hell why not? All on red!
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04-03-2020, 03:11 PM #10437
Good read.
Shit has to come home to roost sooner or later.
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04-03-2020, 03:31 PM #10438
You would think so, but the FED made a monkey out of me between 2008 and 2014 as I preached the coming implosion that never happened. They will need to go "All In" this time around to save the markets, so next time around, this house of cards should blow ski fucking high.
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04-03-2020, 03:45 PM #10439
Looks pretty ugly for REIT's these days. Sounds like they are begging for a Trump bailout.
https://finance.yahoo.com/news/50-bi...171258496.html"We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch
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04-03-2020, 05:23 PM #10440Registered User
- Join Date
- Sep 2011
- Posts
- 1,021
Basically. But also:
Businesses that lose revenue are also to get 75% of their payroll (to a max of 875/wk/employee) for every employee they can keep on.
Work share program (if the employees agree to work less govt will pay part of lost salary)
Interest free loan up to 40000 to small businesses
Child credit bumped
No income tax payment till August
No student loan payments
And the provinces have their own bits as well
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04-03-2020, 05:33 PM #10441Funky But Chic
- Join Date
- Sep 2001
- Location
- The Cone of Uncertainty
- Posts
- 49,306
Sounds way too civilized.
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04-03-2020, 06:09 PM #10442
First bank is down.
https://www.marketwatch.com/story/fd...?mod=home-page
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04-03-2020, 06:52 PM #10443
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04-03-2020, 09:33 PM #10444
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04-03-2020, 09:52 PM #10445
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04-03-2020, 09:53 PM #10446
Agreed. I’m learning a new language via this thread.
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04-03-2020, 10:05 PM #10447
Is the stock market going to tank?
I’ll go to my grave before I accept that people can keep living this fairy tail life of no money down mortgages. I absolutely hate the notion that as long as some sucker keeps buying, we all feel richer at the end of the month when our statements arrive. It’s so fake. In the interest of the charitable foundations, hospitals etc I hope I’m wrong, but I think the stock market is biggest con job in American history. People exchanging a lifetime of work for a stack of paper. Being sold shit they don’t even understand.
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04-03-2020, 10:51 PM #10448
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04-04-2020, 06:42 AM #10449
No, I was just a dumb floor trader.
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04-04-2020, 07:22 AM #10450
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