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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (4974)	1/13/2004 6:05:18 PM
From: mishedlo	Read Replies (2) \| Respond to of 110194

I doubt 4% does anything for refinancings. We have to take out the previous low by a considerble margin to spur another round IMO. On top of that FNM seems to be getting pissed at home valuations (a more conservative estimate of worth might not help either). It will take one hell of a push to get the refinancing boom going again and I doubt even Greenspan is reckless or stupid enough to try. He clearly is going to survive intact until June. Perhaps he retires or "postpones" his decision until the election. If Clark or the Democrats manage a win, I bet he steps aside and tries to pin the mess on someone else. I am waiting for the retirement announcement for "health" or "personal" issues. Then we get Bernanke! ggg Does any of that make sense? It is just a theory. M