Replies to post #326267 on Zeev's Turnips Patch-No Politics (ZEEV)

[KenRose]

out BOOM +1, could have been more but got a shitty market fill(.15 below when I sent order)

[TJ Parker]

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?)

[jrintl]

Why is the dollar fundamentally undervalued?

[westpacific]

FNM carries 50% or so of all mortgages in America.

Rates go up - FNM will get hurt, no doubt about it.