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Post# of 704041
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ardent jd

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ardent jd

Re: westpacific post# 326243

Wednesday, 11/24/2004 11:01:18 AM

Wednesday, November 24, 2004 11:01:18 AM

Post# of 704041
Rates must indeed go higher...eventually. When that happens, look for the dollar to rally sharply, beause it is a fundamentally undervalued currency.

If rates "explode to the upside", FNM's derivatives and capital issues go away....not so sure higher rates are all that bad for FNM.
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