House of Paine

green bubble update

remember herr hitler/chaplin
          dancing 
        with his very own global balloooooon


  here's an up date 
       on 
herr greeenscam's 
           hotest  
    pin 'n  bubble dance 

===================================


WASHINGTON, May 20 - Alan Greenspan, 
chairman of the Federal Reserve,
 suggested on Friday 
that the red-hot housing market 
is becoming a little too exuberant 
for its own good.

 "Without calling the overall national issue a bubble, 
it's pretty clear
 that it's an unsustainable underlying pattern,"
 Mr. Greenspan told 
the Economic Club of New York
 at the Hilton New York hotel in Midtown.

Mr. Greenspan emphasized 
that he sees no sign
 of a nationwide housing bubble
, but he acknowledged concerns over "froth"
 in the market 
and pointed to a big increase
 in speculation in homes 
- particularly in second homes. 

----- ya like 25% of all buys 
are now 
non user buys
 spec buys 
resale buys 
petty rent scam buys etc

 yupple folks 
we've reached the end 
the  final fools are in the mix 
and big time----------------------

As a result, green head said, 
there are "a lot of local bubbles" 
around the country.

------- heh heh heh ----------------

----heres a nice little slip by ------------


even though
Fed officials contend 
that their primary job 
is not to influence
 the price of assets 
whether stocks or real estate 
but rather to focus 
on  
 "product price inflation 
      and  product growth"
the Federal Reserve policy
 of keeping interest rates low
 has helped propel
 housing prices upward
 even when the rest 
of the economy was dragging 

-------- and triggered
 a senseless  pip squeak 
         desperation 

an 
unsustainable attempt
to preserve 
'accustomed life styles' 
by wild foolish 
 equity bilking 
 borrowing
beyond the hilt 

thats become the norm these days 
in many  plebo cytes households 

variable rates no principle payments

fuck they're loaded so what 
roll the  fuckin dice
i/m livin for today 

and after all rangers their right
cause 
what else is there 
but a series of todays-------- 



-- then again 
can you see the media's
           future  freakout line  ?


coming soon 
to the neighborhood around you.......

amerika's  most hideous  
 leg braking 
         usury rip tides 
in a generation ..... 

 ten times as  fast 
as credit rolled  in
  its headed back out

stranding....millions

in a fucking dumbo- losers 
 mud flat 
of ratcheting up payments --------------
 

Mr. Greenspan acknowledged on Friday 
that many people were "reaching" 
to finance their purchases

--------- i hear daffy duck
                gurggling in
             one of  his huge bat like ear now 

"  sire  the coup de poo poo approach-ith fearsome swift " -----------  

But green fly 
predictes
that housing prices 
are  "unlikely to decline ....much 
------ heh heh heh ----- ....   if at all" 

"Even if there are declines in prices 
 the significant run-up to date 
has so increased equity in homes
 that only those 
  who have purchased
      very very recently
 are going to have ....---heh heh heh ---  ... problems."


-------- then a   usual press boneration follows ------------


 " the housing issue highlights
 an unusual quandary 
for the central bank:
 even though it has raised
 short-term interest rates 
eight times since last June 
long-term interest rates 
and mortgage rates 
are actually lower 
than they were one year ago"

-------------  brutal knock out 
                        climax comin mama -------------------


------------------------------------------


"The unexpected  persistence 
of low mortgage rates ...."

--- unexpected by who wink dink ----   

                      
"....has kept alive the housing boom
          much longer
 than most analysts had expected"

---- non sense the sham throttle down
 by rate raising is 
   nothin but  a fools diversion 

like the steering wheel on a babies car seat ----


---the real  crunch will come 
from a whole different move

and signs are
    maybe that moves comin  real soon:
      given that last week
  the fed  "suggested" 
new "TIGHTER"
  mortgage and equity 
" guide lines "-----------

-------AND  when will  THE CRUNCH COME ?
  well
 it will come
   like it did  
       back    in 89
when 
greeny himself gets the order
from wall stret
  to "close  all the  fuckin  paper bridges  "

in this case 
  cut new  house   mortgage rations 
                       across the board
something like :

" boys take total new commitments down 40 % pronto "-----------

-------  feature this  greenhell dustinction....

no people 
there's not one big bubble 
nope
theres no unifom rate of price rising
nationwide  
nope

don't worry
there's no alarming 
  giant one of a kind   national bubble

 only

 a thousand local bubbles........

what  brutal nasty silly shit

of course the rates  of increase
  in house lot prices
are uneven
across the country
they always are 
they wouldn't be local lots 

if they  all went  up at equal rates  

this is a hydra baby blue
 
with a thousand nasty vicious heads 

so there will be  
 a thousand different 
tailor made
  ration plans 
one for the bubble in each head  ------------


-----------
 the ass bottom line here guys....

like every thing "asset-able"
like all schein-vert drenched  markets 
in the kapshow world  of ours

all issuance
and as we'll see all non issuance
of new house paper 
is  in reality 
part of   fed  induced 
lot-value dope-paper 
   fuck u up  ring  

all of it 

all of it 
gets  played out
      inside  
  one or another
 rigged  paper issuing casino 

(what else is new 
            right mates ?)

and all these casino's
in the long run
are rigged one big way
agin

the bathetic hopes
  of amerika the plebian 
and not as the press would have us believe

  just  agin
mr and mrs  minority 


and why?

cause twhen the croupier rakes it all bacjk
 the stubby little fuckers
will all have to sell themselves 
both cheaper and longer 
to
that darkness visible  

dick and dock inc 
 master
    exploiters 
              -----------

----------------------------------
p.s.


final image:

can ya see 
  the fucking 
 oily  old road lizzard

yup thats him

movin around 
the halls of power
from panel to panel 
bent over his table top  microphone 
like a  slippery question mark 

see him ?

well in his back pocket 
dah mans got hiiseff 
a mother fuckin pin.....

yes sah
a  mother fuckin pin.....

and he's fixin 
to pop 50 million  dream bubbles 
wid it --------------


------------heh heh heh ------------------------




 "Trying to puncture this bubble" 
       greenspan said 
 "would cause more problems 
than it would prevent"

-----heh heh heh ------------ .