What a bunch of losers that prove once again they don't have two dimes they can rub together much less to invest!
The world MUST be coming to an end just like that whack job Bachmann said - I find myself actually giving Walrath thumbs up as on this issue he is actually correct!
Donny, I just wanted to let you oldsters playing with yourself what a significant investment means.
No need to try & impress in order to elicit some sort of atta boy from you.
Get real in your posts, not just garbage sophistry.
Walrat - You wouldn't know wit if it was tattooed on your forehead!
Liz has no "sycophants", you are just DUMB!
Naah Pumpkin, he's just posting the truth - that all you big mouth posters are just lonely old loons with NO money in the game.
I for example figure I will be getting over $18,000 in dividends this qtr from WMC PLUS my profits In PUTS.
So just #$%$
The Federal Reserve is expected to announce its first move to taper its $85 billion in monthly bond buying when its two-day meeting ends Wednesday. While the Fed is seen curbing bond purchases by an initial $10 to $15 billion - a relative baby step compared to the massive amount of stimulus applied - it sends an important message that the Fed is moving toward a normalization of rates and expecting a more normal economy
Old goobers on board just don't understand that the calculation for Unemployment has NOT changed in about 40 years.
But then old bozos also think Aliens are entombed in Area 51 & Aliena abducted them & stimulated them with electric cow prods!
The toothless brigade can yabber all it wants about this number but it IS the number and the way it is calculated has NOT changed in over 30 years.
What do you think the FED is going to use?
Old loons heads should be exploding today - especially two of our favorites who shall go nameless.
Pimco Sees Taper in Worst MBS Slump Since 1999: Credit Markets
U.S. government-backed mortgage bonds are heading toward their longest monthly slump since 1999 as concern mounts that the Federal Reserve will begin paring its debt purchases even as the steepest rise in home-loan rates in at least 40 years slows the housing rebound.
Securities guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae lost 0.33 percent through yesterday, heading for their fourth month of declines and bringing losses since April to 2.78 percent, according to Bank of America Merrill Lynch index data. For almost a year, the Fed has been adding $40 billion of bonds to its balance sheet each month from the more than $5 trillion market. It expanded the purchases in January to include $45 billion of Treasuries.
Investors led by Pacific Investment Management Co., manager of the world’s biggest bond fund, are bracing for the Fed to scale back its stimulus when policy makers meet next month, even after data the past week showed falling home sales and a slowdown in property appreciation. Average rates for 30-year mortgages reached a two-year high of 4.58 percent last week.
“We still believe that tapering is going to happen,” said Michael Cudzil, an executive vice president who specializes in mortgages at Newport Beach, California-based Pimco. “The Fed is looking at the progress seen in the data over a long-term period of time, rather than any one given month.”