Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Little Joe who wrote (6071)	5/10/2004 10:47:11 PM
From: mishedlo	Read Replies (1) of 116555

WOW. Little joe ======================================== Interesting HUH? Message 20114950 I am still trying to figure out the angle. All kinds of possibilities, some might not make much sense in combination with each other but here goes: 1) FNM hedgebook is about to implode (or already has) and the FED knows it 2) The FED is finally tired of FNM creating money 3) FNM keeps going to lower and lower quality borrowers and the FED does not like the risk 4) Bank profits are heading south and if FNM can be eliminated then Banks will get to make those loans instead of FNM. The FED wants to protect bank profits during the next downturn. 5) The FED is full aware that if they agressively hike rates that this economy will go to hell within a year or less and rates will be coming back down. Another monster whipsaw on the 10 YR and FNM is F'd. Thoughts? M

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