January 19, 2009
“I’ll gladly pay you Tuesday for a hamburger today.” Wimpy, character from the cartoon series Popeye As many of you may remember, Wimpy was not only a character from the Popeye cartoon series, he was also a glutton for hamburgers, and he would consume them at a ferocious rate. Of course, “Tuesday” would never come, […]
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December 19, 2008
With the capital markets offering financing in spasmodic fits of miserly insufficience, almost no capital intensive industry can escape the effects of this money mess. Few businesses are more exposed to the financial firestorm more than Mortgage REITS, which make money with old fashioned spread lending. They borrow at 5%, lend the proceeds out at […]
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