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GSE’s are Bound to Roll
Good things to consider, thanks
Not sure the internet world can be defined by 20th C. Concepts of what a business is anymore.
"Oh brave new world to have such people in it"
Do you believe Mnuchin? Here's another quote:
"" private businesses do have the right to make decisions. They're owned by shareholders, they have boards that control them. "" --Steven Mnuchin
Now that's funny
Then this laughable answer, wow:
BECKY QUICK: Is Amazon's competition any different than what Walmart used to be a decade ago?
STEVEN MNUCHIN: It is different. In a way, it's the same and in a way, it's different. I mean, people had the concerns about Walmart. I think, as you see, Walmart developed a business where small businesses could continue to keep -- compete with them. And look, Walmart ceded a lot of the retail business to Amazon. So, these are important issues I look forward to hearing from the Attorney General.
and this haha:
STEVEN MNUCHIN: Well, I have not spoken to the President about this issue. We're really focused on the economic issues today. So, this is just my own personal thoughts and in no way, do I want to attribute them to the President.
JOE KERNEN: You keep saying that a lot.
I thought all those people were over at GE
Or mebbe he's got GE confused with the GSE's, these are Growth Stocks, buy low, sell high.
You'll no doubt recall I inquired of the board regarding what the over/under was on Stevie bolting by EOY?
I like the title of the article, it's apropo, "Government in Paralysis"
Is the Window of Opportunity closing?
Will it be GSE Yields Forever?
It was the largest offering they ever did, I believe it was $7B
Also in May, 2008 Hanky Panky and Lockhart said from their Bully Pulpit that there was nothing to see, the GSEs are IAG.
This was in order to sell the Jr. Prefs no doubt, but by July Hanky was meeting the hedgie boys at Eton Park to give 'em the high low on the low down, as in how low can they go if you short 'em into the ground..
Where Did All the Profits Go?
Here's something to ponder about Fannie & Freddie:
He looks like the Dude, and he's gonna make that trip to Greenland happen so Dana Perino can go with him.
Ya know, weed is legal in DC, and there's a dispensary about six blocks from The White House. Maybe he's found a new high, but it didn't look like weed to me.
FYI I taught Reasonable Suspicion Policy and Application to dozens of pharmaceutical distribution managers during my HR days at McKesson, and I've personally observed dozens of high employees during my (thankfully over) HR career at three Fortune 100 companies, so that's the lens I'm applying here.
I've watched Kudlow hundreds of times over the last thirty years, and in general, heart medications don't cause the observable physical symptoms that he demonstrates:
sweating profusely
dilated eyes (under strong tv lights too)
erratic verbally, cutting her off and frequent slurring (though he stayed on message mostly)
Tired, even groggy expression throughout.
Elated Mood, he appeared giddy at times.
Dana Perino's reaction is interesting as she appears to be non-verbally assessing his odd behavior
He had a 'mild' heart attack in June, 2018, so yes it could be related to his ongoing medication for such a condition...however, the subject has been raised earlier this year, so it's a fair question in evaluating the current ground:
https://dealbreaker.com/2019/04/larry-kudlow-bandaged-and-tired-ontv
From April 5th, 2019:
"" What's left of White House economic advisor, Larry Kudlow just went on Bloomberg TV and delivered a rather troubling performance.
What Kuddles said didn't shock or worry us - we expect him to bend logic into abstract forms that serve a narrative based entirely around maintaining the perception of market potency and Donald Trump's ego - what worries us is how Larry looks.
We're not being cruel or snarky here. Well, we are about the fact that Larry continues to yell into a camera about how The Fed needs to cut rates by 50bps immediately while simultaneously arguing that the economy is stronger than ever and The Fed can do what it wants. But when it comes to his appearance, we are genuinely concerned.
Kuddles usual nasal tone was not in evidence, his words were even a little slurry and his face looked wan. We know that Larry is still recovering from a recent heart attack, but he looked stronger to us early in that recovery process. And we couldn't help notice that he had bandages on at least two of his fingers... ""
Does Larry Kudlow appear drunk or under the influence this morning?
Larry's on Fox News with Dana Perino, and he's like *Whoa*. Watch and listen all the way through and tell me what you think.
FYI he doesn't talk specifically about the GSEs, but he is a key influencer of the GSE Outcome and so assessing his state of mind is of interest.
https://www.yahoo.com/news/larry-kudlow-economic-political-fallout-134216781.html
while we're Waiting, here is "GSE Bummertime Blues" for your Perusal if not uh "Listening Pleasure", and a Musical Broadside, aimed loudly at the Wall Streeters of Treasury in the Halls of Congress:
Fanniegate Blues #5: E for Evidence
**Otolahryngic Warning**
May cause Temporary Hearing Discomfiture. As always, if you don't like it, please remember to forward the link to all your Elected "Representatives":
Fanniegate Blues #5: E for Evidence
The Ballad of Fannie & Freddie:
The Mother of all GSE Ballads is almost four years old now...
The Ballad of Fannie & Freddie:
I don't mind his hirsute appearance (currently I look pretty similar haha, but then I'm retired so I do what I want), but I agree he probably shouldn't be living off his shares if he thinks they will be worth 3x more eventually, plus it is good to work hard at something, hopefully at what one is meant to do in this sometimes wonderful life we all get.
FYI I hope he and all of us do great with their shares ( and of course we're all in this together).
I met him briefly in the Hotel Monaco in DC five + years ago when we all went there for IU's "Day on the Hill". Those couple of days I also met Catbird (before he went crazy haha), Chessmaster, Camaro and more. I think Navy was there too (though I didn't have a personal conversation with him). There were many more of us there that day, some of whom may still be here with us under screen names or have moved on or even shuffled off this mortal coil. Who knows where the time goes?
The other night my daughter sent me a video of Paul Simon closing the Outside Lands show in SF, and he and Bobby Weir played "The Boxer" to close the show. I think his verse applies better to the little folks who have had the courage to stay in this big battle than any poor words I could write :
" In the clearing stands a boxer
And a fighter by his trade
And he carries the reminders
Of ev'ry glove that laid him down
Or cut him till he cried out
In his anger and his shame
"I am leaving, I am leaving"
But the fighter still remains "
I'd like him to be right for once too
However I'm not as confident in the folks who are running the asylum
When does he change his name to December?
The Boy Who Cried When...
The Long GSE Wail
Proximity Theory
okay...sure
we'll see
That's "ACG" look at the CEO's Bio:
Gabriella Heffesse, Chief Operating Officer
Gabriella Heffesse joined ACG Analytics in 2014 and focuses on client relations, business development, and analyzing policy effects on capital markets. Since joining ACGA she has led trips for clients to meet with governments and officials in several countries including Greece, Argentina, Germany, and the United States.
Gabriella received her B.A. from Dartmouth College majoring in economics with a concentration in finance and international markets, and minored in French Literature. She has passed all three levels of the CFA exam.
Prior to joining the ACG team Gabriella interned at Morgan Stanley, concentrating on Argentinean and Venezuelan markets. She also worked at LA Properties, a real estate firm in Los Angeles.
https://www.acg-analytics.com/team/
LOL
U.S. Mortgage Debt Hits Record, Eclipsing 2008 Peak
One factor could be homeowners tapping into home equity for cash when they refinance
https://www.wsj.com/articles/u-s-mortgage-debt-hits-record-eclipsing-2008-peak-11565708431
"" Mortgage balances rose by $162 billion in the second quarter to $9.406 trillion, surpassing the high of $9.294 trillion in the third quarter of 2008, the Federal Reserve Bank of New York said Tuesday.
Mortgages are the largest component of household debt. Mortgage originations, which include refinancings, increased by $130 billion to $474 billion in the second quarter. The figures are nominal, meaning they aren’t adjusted for inflation. ""
"" Despite the higher debt loads, Americans appear to be keeping up with their payments. The report found that 95.6% of balances were current, the highest level of the current expansion. ""
A Plan without Action is just a Plan...
"" Fitch added that it expects the Treasury plan to include administrative steps, such as ending the net worth sweep and finalizing a capital rule for the GSEs. However, the rating agency also anticipates that the plan will recommend legislative action, which it views as unlikely in the current political environment. ""
GSE’s are Bound to Roll
GSE Hotel California
It's getting warm in here from all the hot air from all the predictions of 'when'...
GSEs: Now, Not Later
This GSE Ballad is now almost two years old...when we shareholders thought GSE Reform was going to get done 'soon'; and yet here we are, in the lobby of 'GSE Hotel California' waiting waiting waiting like all those refugees at the start of "Casablanca"...
GSEs: Now, Not Later
This GSE Ballad is now almost two years old...when we shareholders thought GSE Reform was going to get done 'soon'; and yet here we are, in the lobby of 'GSE Hotel California' waiting waiting waiting like all those refugees at the start of "Casablanca"...
GSE YIELDS FOREVER
Dude, I told you already many times
It's called the SECRET TREASURY PLAN, and I sang about it Here, way before you came along with your "Secret Plan". I mean schwa your plan title isn't even in ALL CAPS and mine was three years ago:
Everyone ought to read Bryndon Fisher's Blog Posts, if they are not familiar with his excellent journalistic documentation of and opinions re the ongoing GSE Crisis:
https://thetruthaboutfannieandfreddie.wordpress.com
haha :) you're probably right, but I think it's also a case of him constantly re-evaluating the situation (and here its been quite complex) and "never fall[ing] in love with a stock", as mah daddy usta say.
Didn't Ackman buy jr. preferreds after he had made his large and potential huge winner of a bet in Common shares? And that he bought them as a hedge against the more politically risky Common shares? Why would he do that?
As I recall unscientifically, Ackman hedged jrs to Common at some ratio, it may have been 5 to 1 at the time, not sure.
given the fairly low volume, I vote for the team of stock manipulators that recently blew through this part of the internet.
Sure, pal
anything you say
August 26th of what year?
And what stock?
Sure, that's totally believable...most investors don't watch every penny and trading accounts don't cost money annually or send notices etc. electronically or by mail...so sure, you forgot about this account, found it eventually, realized your mistake and sold at .03 x 1,000 = $30.00.
Hmmm...the gods must be crazy, because those shares are worth more today; 1,000 x .088 = $88.00, so it looks as if you missed out on a few dinners...
Triple top on the Dow?
oh ouch
look out below
Because Trade Wars are easy to win
so much winning
https://finance.yahoo.com/news/china-could-unleash-this-weapon-on-the-financial-markets-to-wallop-the-us-152709274.html
“They [China] could start selling Treasuries which is what they use to benchmark the yuan to the dollar and that would be the doomsday scenario. That would be the ultimate weaponization — that would be a weapon of mass destruction,” Javier David, an editor at Yahoo Finance, explained on Yahoo Finance’s The First Trade, moments after China rocked financial markets on Monday by devaluing its currency the yuan.
In some circles on Wall Street, China’s currency move was labeled a “weaponization” of its currency. As far as team Trump’s labeling of it, it was more a manipulation.
At $1.1 trillion, China is the largest holder of U.S. Treasury debt — just narrowly ahead of Japan. While China has reduced its holdings of Treasuries in recent years, any amount of pronounced dumping could send U.S. interest rates skyrocketing. More supply of Treasuries on the market, prices down, yields up is the good ole’ equation.
Amended Complaint = AC <eom>
Gazintas
Q: What's 5 million shares traded multiplied by today's Average Share Price?
A: Not Much
In my experience corporations previously had company-run PACs, and encouraged employees to make contributions. This seems a more Capitalistic way than the Socialist Corporatism Model that has evolved post Citizens United, as the company's well paid heavy hitters presumably would contribute the most to help buy politicians.
Today, political contributions are a budget line, and vastly more money can be wielded than under the old system, which also encouraged a company's leadership to build a strong company culture (you're likely to get more PAC contributions from a committed workforce).
Repealing Citizens United, depoliticizing the Judiciary (fat chance) and returning to some form of the Fairness Doctrine might help
Carlos, you're hardly the firstest with the mostest
I mentioned the SECRET TREASURY PLAN almost two years ago: