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Annaly Salvos 66 posts 0 comments

Annaly Capital Management, Inc. (NYSE:NLY) manages a portfolio of mortgage-backed securities, and its wholly-owned subsidiaries manage assets for and provide services to institutional and individual investors worldwide. Annaly’s principal business objective is to generate net income for distribution to investors from its mortgage-backed securities and from dividends it receives from its subsidiaries. Annaly has elected to be taxed as a real estate investment trust (REIT).

Economy

Really Nominal GDP

Annaly Salvos
by Annaly Capital Management Released by the BEA this morning: the advance reading of real GDP came in at 3.2% for the 4Q of 2010 (actually, it was 3.17%, but who’s counting?) versus expectations of 3.5%. There was a lot of internal noise,…
Economy

One Half of the Municipal Picture

Annaly Salvos
By Annaly Capital Management Lost in the headlines over the state of the expense side of municipal finances is the fact that tax revenues are rising at the state and local level. The U.S. Census Bureau tracks the various line items of…
Markets

This Week in Housing

Annaly Salvos
by Annaly Capital Management This was a relatively data-filled week for the housing market. We’ll start with the good news. The National Association of Realtors (NAR) reported that existing home sales rose more than expected in December…
Economy

Deficit Attention Disorder

Annaly Salvos
By Annaly Capital Management Senator Rand Paul is on the tape promising to unveil a budget with $500 billion in expense cuts in one year, and that he will not spare any government program or agency from his scythe, including the Defense…
Markets

A Kind Word for Homeowners

Annaly Salvos
By Annaly Capital Management The next voice to be heard in the debate on the future of housing finance in the United States will be that of the Treasury Department, which is slated to release its report on the subject sometime this month.…
Markets

Housing Humbug

Annaly Salvos
This marks the 4th month in a row of falling home prices, and the first negative year-over-year reading since January of 2010. Freddie Mac released their monthly volume summary for November which contained information on seriously…
Economy

Sales Season Roundup

Annaly Salvos
by Annaly Capital Management Seasonally adjusted greetings to Annaly Salvos readers around the world! In the commercial spirit of the season (and a day early for our blog post this week), we thought we’d go down a level from the headline…
Monetary System

Reserve Currency Roulette

Annaly Salvos
by Annaly Capital Management Following up on our post from Friday, in which we illustrated the currency reserve and GDP market share of a number of different countries, a kind reader asked a question: “I wonder what percentage of the…

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