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August 2013



why I am NOT selling NLY

August 30, 2013 – Comments (1) | RELATED TICKERS: NLY

OK, I bought NLY probably at the top. Yield was in the mid 'teens. Huzzah! Wait, price has gone down a stomach-churning 25%. Worse, the dividend has been cut. Oops. Clearly a mistake. Am I going to sell?  [more]



Why the Unemployment Rate Still Stinks

August 23, 2013 – Comments (2)

How are you enjoying our economic recovery? Profit among the S&P 500 companies are at record levels. Our GDP growth is anemic at around 2%, certainly not the 3-5% we would normally expect, but it is the longest string of years of economic growth since the Depression. What gives? Do you not feel the love? That is cuz unemployment remains stubbornly high.   [more]



Catch a Falling Knife (and) Put It In Your Pocket (and) -ouch-

August 21, 2013 – Comments (1) | RELATED TICKERS: MIW

Yes, Detroit has filed (but not yet granted with many objectors) for bankruptcy, threatening a haircut for all Detroit bonds. Yes, I know that Detroit is in Michigan.   [more]



Elon Musk – Hyper Or Just Plain Loopy?

August 16, 2013 – Comments (1)

A pneumatic tube that shoots 28 people from SF to LA in 30 minutes at a cost of $20 per ticket.   [more]

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