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Just a reminder that while our Short/Medium Duration Income Portfolio may not be sexy, and may be downright boring it has been the most productive portfolio of the year. Since October this conservative portfolio has tossed off a 4.7% return---that is over 9% on an annual basis.Let's review what this portfolio is about.  Only short and medium duration Exchange Traded Debt and…

So yesterday we wondered aloud what markets would react to this week.  Today we got our answer--China turns up the economic pump and investors finally have figured out that Greece just isn't something to fixate on right now. So up we go--for now forgetting that U.S. Navy ships are steaming toward the gulf area for a possible encounter with Iran.…

Will it be earnings that drive markets this week or will it be global events? We think it will be some of each.  Earnings will drive only individual issues as the level of parsing that will occur on the overall earnings scene will keep any analysis of the overall earnings picture from being meaningful.  Most importantly the situation in Yemen…

Mortgage REIT New York Mortgage Trust has floated a new cumulative, redeemable preferred issue which begins trading tomorrow (Friday).The coupon on this issue is 7.875%, which we think is inadequate for the risk (actually we never have liked mortage REITs so there probably isn't any adequate coupon for us), although maybe it will work for your needs. We would expect…

Date Issued   4/16/2015Shares Issued  3,600,000          Overallotment Shares   540,000S&P Rating   NR   Moodys Rating   NRSecurity Ticker Symbol   NYMTO  OTC Temp Ticker   NYMMPMarket Traded ON   NASDAQDividend Payment Paid on the 15th of January, April, July and October beginning on 07/15/2015Quarterly Dividend   .492   Annual Dividend   1.969Securities may be redeemed, at the issuers option, as early…