World food prices hit record high

CNN ^ | 2/3/11 | Bryony Jones

[NeoCaveman]

My bank recently gave me a 30 year mortgage at 4.75%. Which of the following scenarios is my bank hoping for?

In a world where banks held their notes to maturity and there were no derivatives, then the answer would be 0 to 1%.

Since we are not in that world. I'd venture to say "it matters not" to them.

[Toddsterpatriot]

The key word is 'SOON'. It communicates a prediction that China & Japan will decrease their holdings of Treasuries while the Fed's holdings increase.

Soon? Doesn't sound like a very precise prediction. I didn't see anything in the article about anyone decreasing their holdings. Maybe you were reading something else?

[Toddsterpatriot]

Since we are not in that world. I'd venture to say "it matters not" to them.

That's an interesting claim. If no banks held any mortgages, no banks would be losing money on real estate.

Is that the case?

[NeoCaveman]

I wouldn't say they never hold any

But it's close

Source http://www.frbsf.org/publications/economics/letter/2009/el2009-33.html

[Toddsterpatriot]

Thanks for the link. Some good stuff in there.

Like this......

According to Federal Reserve flow of funds data, the banking institution share of total mortgage assets declined from a peak of about 75% in the mid-1970s to about 35% in 2008.

[kiryandil]

Your mother let you out of the basement to use the computer, ToddyTroll?

I noticed that you folded up like a cheap puptent the other night when it was past your bedtime. **snicker**

[Toddsterpatriot]

What's wrong, kiryandildo?

Realized how stupid your inflation claim was?

[kiryandil]

The problem with discussing anything serious with the Toddster is that he plays completely ignorant about stuff like MBS offerings & the MERS strategy of the Banksters.

He doesn't seem to understand the implications of a bank holding a HELOC second on an underwater and perhaps non-performing first mortgage held by somebody else.

People try to be patient with the insults, snide imputations and the screaming about "math", but the trolling gets old.

Nice chart on the new loan originations market share, BTW.

[kiryandil]

Somebody else on this thread told you to "lighten up a bit".

Too bad you didn't take his advice...

[NeoCaveman]

He doesn't seem to understand the implications of a bank holding a HELOC second on an underwater and perhaps non-performing first mortgage held by somebody else.

He doesn't get that said HELOC should be marked to zero?

[Toddsterpatriot]

Maybe you should ask somebody else on this thread what happens to bond values when interest rates rise?

[dragnet2]

Hey Toodd, tens of millions has lost their jobs, investments, homes, assets, businesses etc...The American economy is all but dead on the floor, prices are going through the roof, our borders are a lawless violent bad joke, the wheels are coming off our foreign policies after spending trillions in foreign aid....

So how did your global, one world order, free trade economy work out for America Todd?

It's really on fire huh?

[Toddsterpatriot]

You feel we need bigger government to fix those problems. You must be thrilled with Obama huh?

[dragnet2]

You feel we need bigger government

Yeah todd....I'm a real big pro government guy...LOL!

I can tell, you graduated with honors from the Tokyo Rose school of propaganda...

As usual, thanks for the laugh, Todd.

[Toddsterpatriot]

Yeah todd....I'm a real big pro government guy...LOL!

You're the one who wants more government interference in trade.

Perhaps if we had less government interference in the housing market as well as in world trade, we could have avoided these issues.

As usual, thanks for the laugh, Todd.

Right back atcha.

[kiryandil]

I’m reading what the ToddsterpatrioTroll posted about you & your views, and I can tell without even bothering to check that he just made it all up.

[dragnet2]

You'll note he evaded my questions, then alleged I am pro-big gov.....lol...

Look closely, it's typical of those that are deceitful, to evade questions, and or answer a questions with a question...Instead of an answer...

I am intimately aware of the well worn patterns of those that practice to deceive.

[kiryandil]

I am intimately aware of the well worn patterns of those that practice to deceive.

Free Republic class of '98 experience will do that to you. :-)

[MaxMax]

it occurred to us that there wouldn’t BE world hunger,
if you people would LIVE WHERE THE FOOD IS! YOU LIVE IN A DESERT!
YOU LIVE IN A FN DESERT! NOTHING GROWS OUT HERE! NOTHING’S GONNA GROW OUT HERE!
YOU SEE THIS? HUH? THIS IS SAND.