Published Mon, 29 Apr 2019 04:01:41 -0400 on Seeking Alpha
Modern Monetary Theory and 2X-leveraged mREIT-based ETNs Modern Monetary Theory is a topic currently being bandied about by some at both ends of the political spectrum. Stephanie Kelton, who advised Bernie Sanders' 2016 presidential campaign and was chief economist for the Democrats on the U.S. Senate Budget Committee, is a prominent proponent of Modern Monetary Theory. Her most well-known quote is: "Federal deficits are private sector surpluses". Celebrity member of Congress, Alexandria Ocasio-Cortez (D-NY), and others advocating vast increases in Federal government spending in health and education, make favorable mention of Modern Monetary Theory. Ocasio-Cortez has said that Modern Monetary Theory absolutely needed to be "a larger part of our conversation."
After President Trump asserted that he could renegotiate down the Treasury debt owned by foreigners, his aides informed him that the United States effectively can print its own money. Trump seemed pleasantly surprised by that fact, and since then he has apparently abandoned his campaign promises about balancing the budget and eliminating the national debt during his first term. The Modern Monetary Theory version of the fact that sovereign governments can print their own money, is that "the national government is the monopoly supplier of currency".
The implications of any sort of adoption by policymakers of Modern Monetary Theory for 2x Leveraged High-Yield ETNs and especially for those based on an index of mREITs could be... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|ORCHID ISLAND CAPITAL||5.58||0.0||-0.29||0.96||17.75|
|NEW RESIDENTIAL INVESTMENT||14.98||18.0||0.83||2.00||13.28|
|AMERICAN CAPITAL AGENCY||15.64||0.0||-1.54||1.92||12.21|
|ARMOUR RESIDENTIAL REIT||17.26||0.0||-9.30||2.04||12.03|
|PENNYMAC MORTGAGE INV TRUST||22.24||9.5||2.35||1.88||8.50|
|ISHARES FTSE NAREIT MORTG PLUS CAPPED INDEX FUND||41.97||0.0||0.00||0.00||0.00|
Older articles featuring Orchid Island Capital (ORC):The Top Yield 89 MoPay Dividend Dogs And 80 Funds For September
Annaly Capital's BV, Valuation, And Dividend Versus 20 mREIT Peers - Part 1 (Post Q2 2019 Earnings)
88 10%+ Dividend Yield Top Dogs Cavort In August
Fully Assessing AGNC Investment's Results For Q2 2019 (Includes August-October 2019 Dividend Projection)
Your 89 Top Yield MoPay Dividend Equities And 80 Funds For August
AGNC Investment's Q2 2019 Income Statement And Earnings Projection - Part 2 (Includes Dividend Sustainability...
July's Monthly Dividends From 89 U.S. Equities And 80 Funds
Annaly Capital's Dividend, BV, And Valuation Vs. 19 mREIT Peers (Includes Q3-Q4 2019 Dividend Projection) - Part 2
Top REITs For July Are Colony By Gains And Orchid Island By Yield Per Wall Street Estimates
Cherry Hill Mortgage's Dividend Sustainability Analysis (Includes Q2-Q4 2019 Dividend Projection And Recommendation)