Replies to post #326243 on Zeev's Turnips Patch-No Politics (ZEEV)

[was hotlinktuna]

Pretty scary scenario west looking out several months! But, I think you're right...tuna

[AD]

westy, FNM has been the sleeper short in the homebuilder arena... thx for the reminder. It makes some nice moves;-)

[ardent jd]

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.