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TJ Parker

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TJ Parker

Re: ardent jd post# 326267

Wednesday, 11/24/2004 11:06:25 AM

Wednesday, November 24, 2004 11:06:25 AM

Post# of 704019
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.

hrm. unless the economy is very robust, though, doesn't that spell trouble for the mortgage markets overall?

wasn't this one of the points of stephen roach's recent gloom and doom predictions of 90% chance of armageddon? (not from his regular column; from the coverage of the closed-door talks he gave. was that reposted here?)
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