Reads like a dream you don't understand. Or maybe it's a bad translation. Most likely both.

It is a list of traditional names for the sixteen Nordic runes. There is a Wikipedia article, which translates a different version (Icelandic):
https://en.wikipedia.org/wiki/Rune_poem

Source of this translation:
https://www.ragweedforge.com/RunNRPe.html

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Wealth is a source of discord among kinsmen;
the wolf lives in the forest.
Dross comes from bad iron;
the reindeer often races over the frozen snow.

Giant causes anguish to women;
misfortune makes few men cheerful.
Estuary is the way of most journeys;
but a scabbard is of swords.
Riding is said to be the worst thing for horses;
Reginn forged the finest sword.
Ulcer is fatal to children;
death makes a corpse pale.
Hail is the coldest of grain;
Christ created the world of old.
Constraint gives scant choice;
a naked man is chilled by the frost.
Ice we call the broad bridge;
the blind man must be led.
Plenty is a boon to men;
I say that Frothi was generous.
Sun is the light of the world;
I bow to the divine decree.
Tyr is a one-handed god;
often has the smith to blow.
Birch has the greenest leaves of any shrub;
Loki was fortunate in his deceit.
Man is an augmentation of the dust;
great is the claw of the hawk.
A waterfall is a River which falls from a mountain-side;
but ornaments are of gold.
Yew is the greenest of trees in winter;
it is wont to crackle when it burns.
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