House of Paine

green mans rate jacks : in control ?

old question:

 credit allocation
       how much 
             iz by 
height of the  rates 
        
   how much 
          iz  by  
          size of the rations ?


looks like 
eve's  fat thumb  still rules:

   rations have it 
         over rates
                 and by  tons  

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stuff like thiz gives

  free market worshipers fits 

after all rates are the price of money

to clear credit markets need to use the rate

but fuck in reality 

the credit is allocated by bankers
whim and wisdom 

note thiz
in 
a recent times of new york :

"One significant reason
 for the Fed to keep lifting 
          short-term rates
    cheap money 
is almost as plentiful now
 as it was before 
the Fed started the process 
                six months ago."

"Although short-term interest rates 
have been nudged up five times 
since last June,
 to 2.25 percent from 1 percent,
 the cost of home mortgages 
and long-term corporate financing 
has actually declined."

"Rates on 10-year Treasury bonds, 
which directly affect
 home mortgage rates,
 were near 4.13 percent on Friday. 
That was lower than they were last June,
 before the central bank 
first raised the federal funds rate 
on overnight loans between banks."

" The persistence 
of low long-term rates
 has kept the nation's housing market
 hotter than most forecasters had expected,
 and it has also made it easy 
for companies to raise money 
at low cost
 for either expansion 
or acquisitions."


translation :

rates are upping
 cause the bankers
     are still"in to "
  serving up generous portions

so what the fuck is greeny pullin
hikin rates?

till now at least
pure 
bizzy work 

like the phantom
           the fabled vicious 
            mortgage rate spike 
                         still lurks
                          unseen 
                           in the upper rigging 


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