By statistically qualified estimate,
We are 90.5 percent confident,
With your minimum payments,
We'll be one of the claimants
Attending your last will and testament.
Sunday, February 28, 2010
Friday, February 26, 2010
Thursday, February 25, 2010
Overheard at Goldman Sachs
"We assume that you know what you're doing,
In this ill-advised trade you're pursuing,
But the opposite bet
That we place on your debt
May eventually hasten your ruin."
In this ill-advised trade you're pursuing,
But the opposite bet
That we place on your debt
May eventually hasten your ruin."
Labels:
banks,
debt crisis,
economics,
Finance,
Goldman Sachs,
Greece,
Humor
Wednesday, February 24, 2010
Overheard in Quebec
"It's a comfort, whenever I'm sick,
Zat our système, while not magnifique,
Is financially sound,
Unlike zat to be found
In l'États-Unis d'Amérique."
Zat our système, while not magnifique,
Is financially sound,
Unlike zat to be found
In l'États-Unis d'Amérique."
Labels:
Canada,
economics,
health reform,
Humor
Tuesday, February 23, 2010
Misbegotten Monetary Union
At the hour of the Euro's creation,
To belong was the yen of each nation,
But to meet its constraints,
Some resorted to feints
Of financially flawed derivation.
To belong was the yen of each nation,
But to meet its constraints,
Some resorted to feints
Of financially flawed derivation.
Monday, February 22, 2010
Who Rates the Raters?
"Credit ratings I don't understand,"
Said a moody young man from Jharkhand,
"Their standards are poor,
And conflicted, I'm sure -
And the outcome seems canned, if not planned."
Said a moody young man from Jharkhand,
"Their standards are poor,
And conflicted, I'm sure -
And the outcome seems canned, if not planned."
Labels:
credit ratings,
economics,
Finance,
Humor,
Moody's,
rating agencies,
Standard Poor's
Sunday, February 21, 2010
Analytical, or Just Political?
That the macro-political element
'S where economists' work is most relevant,
May explain their proclivity
To drop objectivity
And run with the Donkey or Elephant.
(In answer to Sam Costanzo's lament.)
'S where economists' work is most relevant,
May explain their proclivity
To drop objectivity
And run with the Donkey or Elephant.
(In answer to Sam Costanzo's lament.)
Labels:
economics,
Humor,
Politics,
Sam Costanzo
Friday, February 12, 2010
Good News and Bad News
American spirits were buoyed
When the Feds announced fewer unemployed,
But those factory jobs
Sought by uneasy mobs
May have vanished right into the void.
When the Feds announced fewer unemployed,
But those factory jobs
Sought by uneasy mobs
May have vanished right into the void.
Thursday, February 11, 2010
Snow Day at the Fed
'Mid the snowbanks, as Washington slumbered,
Stood Bernanke, by duty encumbered:
"When this credit freeze thaws,
I'll hike rates, because
If inflation's back, my days are numbered."
Thanks to Dorothy Lefkovits of San Francisco, CA for the suggestion of snow in DC.
Stood Bernanke, by duty encumbered:
"When this credit freeze thaws,
I'll hike rates, because
If inflation's back, my days are numbered."
Thanks to Dorothy Lefkovits of San Francisco, CA for the suggestion of snow in DC.
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