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Cannon Shell

08-17-2009 04:24 PM

What is the real US debt?

http://online.wsj.com/article/SB1000...380597382.html

timmgirvan

08-18-2009 09:32 AM

Good article!

dalakhani

08-18-2009 12:31 PM

One glaring ommission from this blog is that the fed is profitting from the MBS it is buying. Oh...those silly details.:)

Cannon Shell

08-19-2009 09:15 AM

Quote:

Originally Posted by dalakhani

One glaring ommission from this blog is that the fed is profitting from the MBS it is buying. Oh...those silly details.:)

Only in theory and not a blog.

dalakhani

08-19-2009 11:07 AM

Quote:

Originally Posted by Cannon Shell

Only in theory and not a blog.

Its an opinion piece- Call it what you will.

There is no "theory" behind it. It is a positive trade.

Cannon Shell

08-19-2009 11:26 AM

Quote:

Originally Posted by dalakhani

Its an opinion piece- Call it what you will.

There is no "theory" behind it. It is a positive trade.

There is no assumption of profit till it is realized. Who are the buyers of all these MBS going to be?

dalakhani

08-19-2009 11:48 AM

Quote:

Originally Posted by Cannon Shell

There is no assumption of profit till it is realized. Who are the buyers of all these MBS going to be?

The average yield is 4.5% and they are currently lending at close to zero. The fed is already making a profit if the default rate is low. Believe me...the default rate on these will be next to nothing. FHA is a different story.

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