Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (17969)	8/22/2004 1:59:45 PM
From: ild	Read Replies (1) \| Respond to of 110194

The other false point about benefits of big reduction in mortgage payments is that somebody in the economy has lost almost exact same amount of interest income. Of course we all know that Japan and China hold some agency paper, so it was also them who lost some that interest income. But most of agency paper is held in US and many prudent retired folks lost a lot of their income from savings. The article has many weak points. As KT said many times selling naked option is a high risk low return game. The author correctly noted that extra leverage can (and eventually will) kill you off. But modest selling can be beneficial. I do it all time myself. In the last few years I sold a lot of naked puts on gold and energy stocks. But I had a few disasters that cost me money.