exactly right letter from non qm lender said the market is frozen. an agent who works at my brokerage lost 2 deals last week... no funding for non qm. he also had to back out of 4 of is own flips... no hard money. one cost him his deposit.
Doing that sort of thing with deep OTM options, especially when IV's start dropping is financial suicide.
%% That's the direction; but not likely to happen in US. Way too many ETFs bonds + stocks paying interest/dividends...……………………………………………...
Why not? It is a win-win for everyone. I borrow $100 from USG, they pay me $105, I spend the $100, pocket the $5, so the $100 becomes someone's income, they pay 20% tax, USG gets back my $100 + $15 (20-5). Everyone wins, otherwise, I have no $ to spend, someone else don't have a job, the economy tanks and USG gets nothing? %%% Not a prediction.
%% OK, makes sense. Me, I would rather collect dividends/trade invest ETFs/2 or 3X ETfs+ loan the banks/brokerage money. And occasionaly buy TMF-- not that I want to loan to US gov for 20 years LOL
You don't loan to USG, you borrow from USG and it is negative interest => they loan me $ and pay me interest. If I borrow enough, I don't ever have to work again and the income is risk free.
OK I still like collecting interest/dividends from banks+ ETFs......................................I enjoy that work/charts. IS s USG a bank, ironchief?? I tried to look it up as a stock, cant find it??
%% OK. I sold my longs TMF/profit,; + have some new buy orders in..........................................................