Poetic Injustice
To put current trends, the markets and our marcoeconomic orientation, into perspective, I offer the following short rhyme (yes, I know the haiku portion of below doesn’t rhyme):
On Bonds:
Ben and Bill fought a battle up hill,
To fetch a drop of reflation.
Ben broke down ‘fore another round,
And its Gross who’ll be tumbling after.
- With apologies to Mother Goose
On Commodities:
Oil, oil, toil and trouble;
QE caused markets to bubble.
A few more bonds and ZIRP no more;
Drive disinflation from the door!
[Cackling witch noises]
- With apologies to both the Bard and the Scottish King
On Equities:
Markets try to make cats bounce,
Macro-fundamentals ignored,
Dead cat’s go splat.
- Market haiku
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