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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dpl who wrote (21542)1/17/2005 11:20:41 AM
From: russwinter  Respond to of 116555
 
<ARM's go up point for point with FF rate rises?>

If financials are to have any margins left at all, they may go up more than bp (basis point) per bp increase. Plus agency spreads may also widen if the foreign CBs back way from their intervention at all, as 30-35 bps spread is too narrow.



To: dpl who wrote (21542)1/17/2005 1:26:53 PM
From: mishedlo  Respond to of 116555
 
Spreads can only shrink so much

Spreads can shrink until they invert and then keep going the other way. If that happens Greenspan will start a depression.

Mish


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