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


To: yard_man who wrote (22277)11/22/2004 6:13:19 PM
From: Wyätt Gwyön  Respond to of 110194
 
well, you should read Grant. he has reviewed Annaly and the other mortgage REITs many times in his newsletter (in much greater detail than he does in Forbes or Fortune or whatever).

as for avoiding risky credits and getting 11%-plus, this is true. and it is done in the only way possible: leverage. as Grant mentioned, they were using 9.5x leverage as of June.