{"id":14727,"date":"2012-09-11T07:20:25","date_gmt":"2012-09-11T11:20:25","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=14727"},"modified":"2012-09-11T07:21:09","modified_gmt":"2012-09-11T11:21:09","slug":"getting-old-sucks-but-mortgage-reits-still-give-pleasure","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=14727","title":{"rendered":"Getting old sucks. But mortgage REITs still give pleasure."},"content":{"rendered":"

“Harry, you don’t have good luck with your teeth,” said my dentist yesterday as she discovered enough work to keep her and the other dentists in her office busy for the rest of the day.<\/p>\n

I asked one, “Is my mouth a disaster?”<\/p>\n

“No,” she said, “it’s an annuity.”<\/p>\n

For them.<\/p>\n

Meantime, this morning, I go in for a endoscopy, because my stomach produces too much acid. An I have not been diligent about taking my Prilosec every day. But I WILL from now on. I promise. I promise.<\/p>\n

Meantime, my 6% six-month CD in Australia got renewed yesterday at 4.95%. Whoever said interest rates were rising! Investors continue to chase yield. Check out prices for the mortgage REITs I’ve pushed — AGNC, MITT, ARR, TWO and NLY. I never expected any capital gain for these things. Their dividends are sufficiently handsome. But I’m not objecting to the capital gains.<\/p>\n

George Soros says Germany is in for a big recession. In my decrepit old age, I increasingly think people make these wild-assed predictions because they have a position… Maybe he’s short the Euro?<\/p>\n

Many CEOs have been mouthing about uncertainty in the economy causing them not to hire anyone. And, if we elected Romney, things would magically improve and they’re hire everybody and their uncle. Friends in business tell me big companies have had a hiring freeze for eons. Freezes are fashionable and effective. They motivate the remaining workers to work their tushies off — at lest before they drop dead from exhaustion. The whole thing, of course, is overdone (check out IBM, for example, which seems to run on the smell of an oil rag).<\/p>\n

Hiring freezes will come back to haunt those companies not investing in their future. Fortunately we still have Google, Apple and Amazon, who are investing heavily in their future.<\/p>\n

Why didn’t I short Intel?<\/p>\n

Today is September 11. We’re enjoying the identical weather we had on that fateful day. Azure blue, cloudless skies. Crisp Autumn weather. For a New Yorker like me, it’s freaky. I can’t enjoy the weather. I think back to those horrible days. I still remember the smell, which lingered for weeks.<\/p>\n

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Harry Newton who’s checking in for an endoscopy at 7:30 AM. Yuch.<\/p>\n","protected":false},"excerpt":{"rendered":"

“Harry, you don’t have good luck with your teeth,” said my dentist yesterday as she discovered enough work to keep her and the other dentists in her office busy for the rest of the day. I asked one, “Is my mouth a disaster?” “No,” she said, “it’s an annuity.” For them. Meantime, this morning, I […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14727","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/14727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14727"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/14727\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}