Replies to post #613293 on Fannie Mae-No Politics (FNMA)

[trunkmonk]

Yup. The most dysfunctional, oblivious, or idiotic market I have ever seen. Nothing less that bizzaro.

[Potty]

Not so sure about that

First, unemployment went down through May

Second, lots of big companies furloughed employees so they did not have to pay them -- all those folks count against unemployment numbers but they will go back to work soon... May numbers starting to show that

So that headline unemployment number was always suspicious - and now May numbers suggest that it is not as bad as it looks... Hence the massive runup

Have we runup too fast? THAT is another question!