ThesisSilver Bay Realty Trust (SBY) is a newly-formed REIT that was recently spun out of Two Harbors (TWO). The company seeks to buy distressed residential properties, rehabilitate them and then rent them out.
It was our expectation that while if not slowing down its rate of money-creation (i.e., reserve-production) - something that won't happen for a long time as it would crash the stock market - the Fed's reserves would at least revert to being...
Russia’s Finance Ministry and the US Treasury Department should soon finalize an agreement on Russia’s accession to the Foreign Account Tax Compliance Act (FATCA), Russian Finance Minister Anton Siluanov said on Friday.
What almost everybody calls capitalism is actually fascism, a system where both consumer and capital goods are privately owned, but they are strictly regulated and controlled. This is a huge distinction.