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Originally Posted by si Banker
You can not cut taxes.....
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I need to move to Texas.
The last tax cut that I received was seven years ago (the Jobs and Growth Tax Relief Reconciliation Act of 2003), and that tax cut will expire at the end of the year.
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MBS, mortgage backed securities, are bundles of home mortgages which are put into pools and sold on wall street to pension plans and investors. What will happen when interest rates are 9% to 12% and the MBS only has a yield of 5%.
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All bonds will fall in value when interest rates increase (interest rate risk). Personally, I don't think rates will go to 9%-12%, but there is a risk that they could. MBS issues have interest rate risk and credit risk. I think a properly researched and purchased trench of a MBS can be profitable. You just must do your homework.
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There is a financial tidal wave coming...
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I assume that you are short in a big way?
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A Carrera RS sold on the bay for 215K! How many 911T's have you seen sell for more than 20K?
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That RS was a great buy at $215K. The early 911T's (for a 2+ car) are holding their own.
I know a few guys that make money on Porsche cars, but the rest of us lose money (but have a great time doing so).