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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

Subversive Economists

Annaly Salvos
By Annaly Capital Management The economic research staff at the Federal Reserve Bank of New York has been busy. Last week we wrote about the New York Fed’s Staff Report No. 458 , which discussed the shadow banking system in the United…
Political Economy

A Mid-Summer’s Reflection

Annaly Salvos
A personal note of reflection from Mike Farrell, CEO of Annaly Capital Management. It had been a long time between vacations. Credit crunch, lending implosion, sovereign credits going into default, currency devaluations, government…
Economy

The Shadow Knows

Annaly Salvos
From Annaly Capital Management For those who missed it (and we had, until we were tipped by James Aitken, thank you very much), a vital paper was posted to the New York Fed’s website in the beginning of the month. “Shadow Banking,” a staff…
Business

A Case Study on Cash

Annaly Salvos
From Annaly Capital Management There has been a lot of discussion recently about corporate cash levels, both in newspapers and blogs. Back in June, the Fed published the 1Q 2010 Flow of Funds report that shows corporations are sitting on…
Economy

It’s time to pay for lunch

Annaly Salvos
Lately there has been much ink spilled (or at least the electronic equivalent) about the meaning in the downward shift of the yield curve, the significance of a two-year Treasury that sports a 5/8% yield, and a 10-year that trades in a new…
Economy

Econ 101 a year later…

Annaly Salvos
By Annaly Capital Management. Today marks the one-year anniversary of the launch of Annaly Salvos, and we thought we would take advantage of this milestone to revisit the graph at the heart of our very first post. It is a snapshot of the…
News

Robert Byrd and Housing

Annaly Salvos
A post by Annaly Capital Management The death of Senator Robert Byrd (“an institution within an institution” is what President Obama called him) may be the butterfly wings that alter the financial landscape of the United States. Without…
Economy

A Modest Proposal

Annaly Salvos
A post by Annaly Capital Management Some recent economic data (like today’s downwardly-revised “final” reading on 1Q 2010 GDP) have suggested that the economic recovery is waning. Not surprisingly, talk of additional stimulus has started…

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