Poems from 2010

January 5, 2010

On Sunday our Fed Chairman Ben
Said low rates he pushed way back when
Did not cause the trouble
We know as the bubble
That’s why he’s pushing them again

January 6, 2010

So Senators Dorgan and Dodd
Are leaving the Democrat’s squad
Its time to assess
The first signs of stress
As cracks show in Barack’s facade

January 7, 2010

Naoto Kan is
The new FinMin for Japan
More tremors to come

January 8, 2010

The market is watching the tape
As payrolls approach, no escape
Is there to be found
As traders around
The world get positions in shape

January 11, 2010

Fed regional presidents say
That low rates ain’t going away
They still have concern
That things could return
To slow economic decay

January 12, 2010

There was an old Senator, Reid
Whose wayward words forced him to plead
That he meant no harm
In fact, twas his charm
That others have labeled misdeed

January 13, 2010

The hawks have now all taken flight
Expressing that interest rates might
Be all set to rise
So there’s no surprise
Inflation they’ll not let ignite

January 14, 2010

The Kangaroo Court was in view
On TV, as congressman brew
New plans for a tax
Regardless of facts
Its bankers they’re anxious to scr**

January 15, 2010

New rumors are flying around
That Merkel is soon to step down
The euro is weak
As everything Greek
Has snuffed any chance of rebound

January 25, 2010

The question on most traders lips
Will Bernanke, despite all his slips
Be voted back in
As Fed head agin
Or will Senators call in his chips?

January 26, 2010

The new cycle’s growing apace
The Fed meeting’s leading the race
But tomorrow night
Obama will fight
Perceptions of last year’s disgrace

January 27, 2010

Tiny Tim Geithner is stressed
The AIG bailout he blessed
Is coming to light
And causing a fight
In Congress, they’re just not impressed

January 28, 2010

Obama waxed eloquently
Most issues rehashed differently
But where was the beef
To show his belief
He’ll fight for OUR rights less gently

January 29, 2010

Opinions are starting to turn
The market has increased concern
‘Bout Greece and ’bout growth
And looking at both
You see why for dollars they yearn

February 1, 2010

Obama’s new budget is here
Certainly, its not austere
A deficit greater
That sooner or later
In markets, will instill much fear

February 2, 2010

There was an old banker named Paul
Whose latest remarks did enthral
The villains are banks
Who now join the ranks
Of firms we own once and for all!

February 3, 2010

In Europe the Greeks made their pitch
Explaining how they would enrich
The government through
Wage cuts and subdue
The people, who surely will bitch

February 4, 2010

The ECB and the Old Lady
Left rates where they were, nothing shady
No change in QE
And soon we will see
If Trichet will come to Greek’s aid-y

February 5, 2010

As markets around the world tumble
And talk is the Euro may crumble
This morning we’ll find
If payrolls have climbed
If not we’ll hear many a grumble

February 8, 2010

This weekend the G7 met
To speak about markets, and yet
No statement came forth
From far to the north
Most players, these men, did forget

February 9, 2010

The problems in Europe are rife
Most traders imagine the strife
That are of a piece
With fixing up Greece
While the euro, it fights for its life

February 10, 2010

Will Germany ride to the aid
Of Greece, as the press has portrayed
How will Frau Merkel
Close up the circle?
By warning of a default cascade? or
She’ll explain that they’ve all been betrayed

February 11, 2010

The word out this morning is that
The EU will go to the mat
They won’t allow Greece
To shatter the peace
So now they’ll just pass ’round the hat

February 12, 2010

Sarkozy and Merkel are caught
‘Tween Greece and what their people thought
‘Bout spending and saving
Now everyones’ raving
And markets are all overwrought!

February 16, 2010

In England, inflation did rise
To no one was this a surprise
And so for the pound
A range does still bound
While traders wait for its demise

February 17, 2010

In China, they’ve started to ditch
Their holdings of Treasuries, which
Could cause problems for
The spending galore
That Congress keeps trying to pitch!

February 18, 2010

In Europe, the Irish now say
That one of their banks will not pay
Some coupons they owe
Another sharp blow
To those who hold euros dismay

February 19, 2010

In a move that took all by surprise
The Fed made the Discount Rate rise
The dollar did jump
And the bond market dump
Are we seeing the euro’s demise?

February 25, 2010

Bernanke repeated his case
Of growth at a moderate pace
And while Greece does burn
The market does spurn
The euro, it’s quite the disgrace

March 1, 2010

In London, the pound has been sold
Events there can now be foretold
Short rates shall not rise
While Prudential buys
The dollars for AIG’s gold

March 2, 2010

There was an old banker named Kohn
As Vice Chairman, Fed, was he known
But he’s lost the fire
And now he’ll retire
That’s three governors who have flown

March 3, 2010

The Greeks said, see, here is our cut
Of spending, its six billion, but
Now all of you folks
Stop making those jokes
Buy Greek bonds and keep your mouths shut

March 4, 2010

The Old Lady left rates alone
The ECB also has shown
No interest to squeeze
Its rates to appease
Inflation hawks’ cares which have grown

March 8, 2010

In China, the powers that be
Have said that they all do agree
The yuan should go higher
To slowly acquire
More value, they’re so bourgeoisie!

March 9, 2010

In Washington, Papandreou
Will work very hard now to show
That its not their fault
Greece’s under assault
Its speculators who’re the foe!

March 10, 2010

For borrowers things have been splendid
With low rates the Fed has ‘extended’
But now there’s concern
They’ve started to turn
And policies will be amended

March 12, 2010

The Doves have a story compellen
The new Fed Vice Chair is named Yellen
Her story will be
Don’t raise rates, you see
Or potential growth you’ll be quellin’

March 15, 2010

In China they’re still sounding tough
The Yuan, they said, strengthened enough
The fact it remained
By crisis, unstained
Is proof, so don’t give us no guff!

March 16, 2010

The FOMC is the news
This afternoon we’ll hear their views
Will tight’ning occur
Or will they defer
Rate hikes while data they peruse

March 17, 2010

In Japan, subtle
Changes in policy show
No help is to come

March 19, 2010

In Europe, the problems are back
And Greek bonds are under attack
It seems Germany
Just will not agree
To cut those poor Greeks any slack!

March 22, 2010

Obama is crowing today
He’s finally gotten his way
The budget will bust
He’ll lose all his trust
Then the dollar will slip-slide away

March 23, 2010

In China, surprising us all
The balance of trade there did fall
Their deficit showed
That exports have slowed
But Congress is aching to brawl

March 24, 2010

In Europe, the fun never ends
To think, these guys used to be friends
But problems this size
Their conflicts, they can’t make amends

March 25, 2010

There was an old banker named Ben
He doesn’t quite have Greenspan’s zen
But later today
He’ll come out and say
How stimulus will leave, and when!

March 26, 2010

Sarkozy and Merkel agreed
That helping out Greece can proceed
If IMF cash
Is part of the stash
And more sovereignty Greeks concede

March 30, 2010

The Greeks sold some bonds overnight
The interest rate caused them a fright
But it seems to me
They should be happy
They sold them at all, with no fight

March 31, 2010

Today the Fed’s starting to stop
Its buying of Mortgage backed slop
So who will step up
To fill up their cup
With paper whose price will soon drop?

April 2, 2010

The payrolls were finally released
And bullishness has been decreased
But markets are thin
Cause Europe’s not in
So impact is modest, at least

April 5, 2010

The economy’s starting to grow
Both Geithner and Summers say so
But is it for real?
Cause it doesn’t feel
Like things have improved, don’t you know

April 6, 2010

In Europe the Greeks did just find
That inside the docs that they signed
Were onerous goals
To fill Fiscal holes
No wonder they’ve been much maligned

April 7, 2010

Coming to markets near you
The Greeks want to sell debt anew
In dollars this time
But its not sublime
Since likely they’ll fall overdue

April 8, 2010

Our Treasury Sec, Tiny Tim
Went to China, it seems on a whim
And now all the talk
Is China won’t balk
At letting the yuan freely swim

April 9, 2010

Both China and Greece dominate
The news that all traders debate
Will the Yuan move?
Will Europe approve
Of saving the Greeks from their fate?

April 26, 2010

In Europe, explosions are rife
In Iceland, as well as Greek strife
Now air travel’s safe
But investors chafe
At Greek debt, which has no half-life

April 27, 2010

Assume for the moment its true
That Greece will get from the EU
A boatload of cash
To prevent a crash
Next year, tell me what will they do?

April 28, 2010

The Senate again proved that it
Does not understand nor admit
That laws they have passed
Have consequence vast
So on Goldman Sachs they did spit

April 29, 2010

The end game is finally near
The future of Greece is austere
But is it enough?
No matter how tough
Conditions are, there’ll still be fear

April 30, 2010

The story we’re hearing today
Is Europe will seek to allay
Our fears about Greece
With a press release
’bout all of the euros they’ll pay.

May 5, 2010

The story continues to be
That Europe’s unwilling to see
The Greeks have gone bust
And market’s don’t trust
The Germans or the ECB!

May 7, 2010

The panic has fin’lly subsided
But markets are still undecided
Was Greece the main cause
Or are other flaws
The reason the euro’s derided

May 10, 2010

In Europe, the Powers that be
Said, ‘Halt!’ and put forth a decree
A Trillion we’ll spend
To bring to an end
The efforts to break the EC

May 11, 2010

In England, no governement yet
The market’s becoming upset
So Sterling they’ve sold
While they purchase gold
And soon they’ll attack British debt

May 12, 2010

The market is taking a rest
Its tired as I can attest
But problems persist
Its quite a long list
And soon, more bad news we’ll digest

May 13, 2010

The euro continues to sink
As more countries head to the brink
Of fiscal distress
Its all quite a mess
While PIIGS keep on spilling red ink

May 14, 2010

In Europe, the talk is now heard
That Greece may have finally spurred
The euro’s demise
As pundits surmise
But pols see the talk as absurd

May 17, 2010

The trend, as they say, is your friend
For the euro, you must comprehend
That nobody knows
The sum of its woes
Its decline will most surely extend

May 18, 2010

In England, inflation is high
So much so that King now must try
To write a new note
Explaining his vote
To keep rates so low and sit by

May 19, 2010

There’s panic in Germany’s acts
While markets keep up their attacks
No more shorting stocks
Nor CDS shocks
The powers that be won’t relax

May 20, 2010

There was an old banker, Jean-Claude
Whose views look increasingly flawed
He’s buying Greek debt
That is under threat
Now many accuse him of fraud

May 21, 2010

The Senate has voted and passed
A Bill that has bankers aghast
No longer will they
Have very much say
In building their business to last

May 24, 2010

In Europe, its not only Greece
That’s roiling the financial peace
The caja’s in Spain
Are suffering pain
Which caused the euro to decrease

May 25, 2010

The panic is starting to grow
‘tween Spain and the Korean show
The Dear Leader said
The words that we dread
‘My soldiers, get ready to go’

May 26, 2010

The data is seeming to show
The economy’s starting to grow
But if Europe sinks
It will be, methinks
The start of a new round of woe

May 27, 2010

The Chinese said, wait just a sec
We understand Europe’s a wreck
But that doesn’t mean
We’ll wipe from our screen
Their bonds, though they’re certainly dreck

May 28, 2010

The holiday weekend is here
For traders, its something to cheer
Our biggest concern
When we all return
Is how will our suntans appear?

June 1, 2010

This morning there’s fear in the air
Investors are feeling despair
So Treasuries rise
While traders surmise
For euros they really don’t care

June 2, 2010

Hatoyama bowed
Popularity fallen
The yen along side

June 3, 2010

In Greece they are striking once more
Though markets now find that a bore
All eyes are now trained
On jobs, have they gained?
Or is it just the Census corps?

June 4, 2010

The French PM, Francois Fillon
Said good news for the Eurozone
Would be if the buck
And euro got stuck
At parity, all on their own.

June 7, 2010

The PM of England told all
That old policies did appal
Now he and his crew
Have so much to do
Please blame Mr Brown’s curtain call

June 8, 2010

Bernanke told all of us that
New growth would feel really quite flat
But rates would still rise
When they all surmise
Inflation is more than just chat

June 9, 2010

There was an old banker, Jean-Claude
Whose views were uncommonly broad
“More closeness we need
If we’re to succeed
At keeping the euro unflawed”

June 10, 2010

In Europe, new questions are asked
New problems have just been unmasked
Just why would they need
More cash to succeed
Than 900 billion they’ve tasked?

June 11, 2010

Obama’s been raked by the press
He promised that he’d fix the mess
But oil still flows
And nobody knows
When efforts will meet with success

June 14, 2010

In England, they’ve altered their view
Of growth, which was long overdue
Instead of a time
When things are sublime
It seems that the future is blue

June 15, 2010

Moody’s, to no one’s surprise
Said Greek debt they really despise
Six notches they sliced
From ratings that priced
Odds Greece may not reach its demise

June 16, 2010

In Spain, it’s the banks that now find
That their funding’s turned into a grind
The recurring trend
Is others won’t lend
Just one reason the euro’s declined

June 17, 2010

In England there is a new King
Now Mervyn runs ever-y-thing
The Old Lady won
The FSA’s done
Will benefits this structure bring?

June 21, 2010

The big news from China today
The yuan is now likely to sway
Its not a free float
But still its of note
Trade War fears this move did allay

June 24, 2010

The G20 meets this weekend
While there they will try to transcend
The differing views
Which serve to confuse
The markets they don’t comprehend

June 25, 2010

Alas, growth is slower than thought
Has Stimulus all gone for naught?
The picture is bleak
Economy’s weak
How long will the dollar be sought?

June 28, 2010

Toronto, it came and it went
The leaders there had good intent
But its no surprise
They said their good-byes
With nothing more than a lament

June 29, 2010

In Europe, the question at hand
Is where does the ECB stand?
Will banks with the need
For funding exceed
Their plans, and will they be outmanned?

June 30, 2010

The equity market got whacked
Investors began to react
To negative news
Those ‘Confidence’ blues
While technically markets have cracked

July 1, 2010

In Europe the banks didn’t need
As much cash as pundits decreed
So traders got bold
And dollars were sold
Now hedgers you must fight your greed

July 2, 2010

At times things just seem to appear
That cloudify all that was clear
So yesterday’s move
Has just served to prove
That traders are laden with fear

July 6, 2010

In Europe the question is still
Do banks have ‘nuf cash in the till?
Soon Stress Tests will show
If they have the dough
To manage their business with skill

July 7, 2010

So China is buying Japan
Their bond purchase program began
Greece watches it all
Waiting for their call
But that’s not the new Chinese plan

July 12, 2010

In Europe, debate carries on
Conclusions are never foregone
Can Europe permit
The euro to split
Or is this the famous black swan?

July 13, 2010

Last night it was Portugal’s turn
To focus the market’s concern
They’re still in a rut
Their rating’s been cut
Their paper investors now spurn

July 14, 2010

The euro found buyers galore
Few traders are short anymore
So what was the source
Of this bullish force?
Well…confidence started to soar

July 15, 2010

The Stress Tests are coming our way
Investors are having their say
With no afterthought
Its euros they’ve bought
Since yields are too high to delay

July 16, 2010

Well, Goldman has settled their score
The SEC suit is no more
They said, what the heck
And wrote a big check
Soon things will be just like before!

July 19, 2010

Twas Ireland’s turn overnight
To give the poor market a fright
A rating’s downgrade
That Moody’s has made
Showed Europe is still in a plight

July 20, 2010

Chatter in Japan
On the horizon we could
See intervention

July 21, 2010

Today, Chairman Ben will be heard
The Senate will ask what’s occurred
They will want to know
Why things are so slow
And they’ll ask questions quite absurd

July 22, 2010

Bernanke did pull back the curtain
‘The outlook’s unusually uncertain”
Seems they havent a clue
What they’re gonna do
So the market went into a tail spin

July 23, 2010

In Europe they tested for stress
Just how much will bankers confess?
At noon we’ll find out
If there’s cause for doubt
Or if capital is in excess

July 26, 2010

The stress test results have been seen
In Europe they’re starting to preen
But elsewhere they ask
Were they up to the task
Of proving that banks there are clean?

July 27, 2010

With equities bounding ahead
And risk taking really widespread
The dollar is weak
Its no longer chic
To own them, but euros instead

July 28, 2010

Inflation is fading away
Most countries, their numbers portray
A slowing of growth
So bankers are loath
To raise interest rates, so they say

August 2, 2010

The economy could make progress
Now that Congress is off on recess
The damage inflicted
By spending addicted
Congressmen has crushed the U.S.

August 3, 2010

Like the sun each day
Japanese angst grows, as the
Yen also rises

August 4, 2010

As bonds that they own now mature
Some pundits have said they are sure
The Fed will apply
That cash and now buy
More bonds so that growth can endure

August 6, 2010

Trichet said he’s feeling quite good
‘Bout growth, it should be understood
No victory’s won
But strength has begun
So rates shan’t decline in his ‘hood!

August 9, 2010

O’Neill and Bob Rubin agreed
More stimulus? Not what we need
While growth may be bumpy
And people are grumpy
Its certainty business will heed

August 10, 2010

Bernanke and company meet
Today, and the rest of Wall Street
Is curious to
Just what they will do
Buy bonds? Or shrink their balance sheet

August 11, 2010

We learned yesterday afternoon
Their Balance Sheet won’t shrink real soon
While no QE2
The Fed will accrue
More Treasuries, now watch rates swoon

August 12, 2010

In Tokyo, fear
Of one-sided moves has brought
Chatter, not action

August 13, 2010

In Germany, growth has surprised
But Irish bonds still are despised
And banks down in Spain
Are feeling the pain
The euro? Its being chastised!

August 16, 2010

In China, they’ve billions to spend
Advisors there now recommend
From now on and hence
That euros make sense
Don’t look for their buying to end

August 17, 2010

In Europe the data was weak
But Irish and Spanish mystique
Enabled them both
To foster more growth
By issuing bonds seen as ‘chic’

August 19, 2010

In Greece, many fears have renewed
That recent improvements preclude
A long term success
For Greek happiness
And in fact, that the country’s still scre**d

August 20, 2010

The Germans say growth will increase
A result of their strong elbow grease
Liquidity’s trend
Will come to an end
Next year, special funding will cease

August 23, 2010

Down Under elections were held
And so far confusion has swelled
Some pundits have noted
That everyone voted
But no government has yet jelled

August 24, 2010

The market is fearful
Stock prices fall, bonds rally
The yen is beloved

August 27, 2010

Today we hear Bernanke speak
His message will likely be bleak
If things do get worse
The Fed will disperse
More cash every day of the week!

August 30, 2010

Though hopes were so high
As the BOJ gathered
Disappointment reigned

August 31, 2010

In China a rumor arose
The Central Bank chief did compose
A letter to say
He’s running away
From bonds whose positions he chose

September 1, 2010

In Asia things seem to be fine
Australia continues to mine
All kinds of great stuff
We can’t get enough
Of China’s goods, growth there does shine

September 2, 2010

In Europe, the intrigue’s begun
Trichet’s term is just about done
The market’s perplexed
To who will be next
The Germans think their man’s the one

September 3, 2010

The holiday weekend is near
Most traders are getting in gear
To head for the beach
And so they beseech
Trade early and often, my dear!

September 7, 2010

In Europe, we’ve recently learned
Perhaps we should be more concerned
The stress tests concealed
More than they revealed
Those skeptics views ought not be spurned

September 8, 2010

Like rice in summer
Rhetoric has grown apace
What will the BOJ do?

September 10, 2010

The President’s picked a new man
With luck he’ll come up with a plan
To foster a rise
In growth of some size
The ‘conomy needs you Austan!

September 15, 2010

Like an eruption
Japan sold yen in great size
How long will it last?

September 16, 2010

Tiny Tim Geithner goes back
To Congress, where he’ll face attack
The most likely greeting?
The Chinese are cheating!
So fix it, just like Freddie Mac

September 17, 2010

Next week we will hear from the Fed
Most analysts looking ahead
Think nothing will shift
Though some will be miffed
And call for more easing instead

September 20, 2010

In Ireland, problems now seem
To be heading to an extreme
More money they need
Their banks to force feed
Investor’s ask what they’ll redeem

September 21, 2010

The Irish sold bonds overnight
For investors, their yields did excite
When rates are at nil
And pundits are shrill
Some buyers whet their appetite

September 22, 2010

The Fed said inflation not growth
Is the critical part of our oath
If it weakens anew
Then here comes QE2
Unemployment? We can’t handle them both

September 27, 2010

The Treasury’s looking to sell
Its final investment from hell
With AIG gone
Its TARP’s denouement
Let’s bid it a hearty farewell!

September 28, 2010

In FX the world is at war
As countries push rates to the floor
The lower one’s rate
The greater the hate
From Washington to East Timor

September 29, 2010

The Spanish have said, ‘That’s enough!’
We’re tired of giving up stuff
We’re going on strike
To show we dislike
How taxpayers are acting tough!

September 30, 2010

In Congress they voted last night
To heighten the currency fight
Now Chinese goods will
Attract tarriffs til
They let the Yuan rise out of sight

October 4, 2010

Four central banks tell us this week
Their thoughts about if things are bleak
Australia, U.K.
Japan and Trichet
The latter three, of easing speak

October 5, 2010

Japan and the Aussies surprised
With rates lower than advertised
The RBA held
While BOJ felled
Their rates, already which were pint-sized

October 6, 2010

The IMF meeting is soon
Will FinMins there float a balloon
“To prevent a war
Its rules we need, more!”
Their power grab’s quite opportune

October 7, 2010

The dollar is under the gun
Some think that its only begun
To no one’s surprise
The Aussie made highs
The question, Is it overdone?

October 8, 2010

This weekend the powers that be
All meet in Washington DC
They’ll talk of the buck
And how its bad luck
Its not as strong as the Rupee

October 11, 2010

The IMF meetings have passed
No policies have been recast
The G10 all claim
That China’s to blame
The Chinese? Well they are aghast

October 12, 2010

The new Fed Vice-chair, Janet Yellen
Made a speech where she started foretellin
With money so loose
We’ll likely induce
The banks to increase levered sellin

October 13, 2010

It turns out the FOMC
Had members who did not agree
With buying more Notes
They withheld their votes
But lost out to Ben Bernanke

October 14, 2010

From Singapore, quite a surprise
Allowing their Dollar to rise
Investors appeared
And most of them cheered
While watching our Dollar’s demise

October 15, 2010

This morning we’ll hear Chairman Ben
On policy issues again
Inflation is low
So money will flow
Alas, its all gone to the yen!

October 18, 2010

Herr Weber said. ‘Stop buying debt’
Too much of which we will regret
Trichet said, you’re wrong
We’ll keep going long
Now euro longs all are upset

October 19, 2010

Twas Tiny Tim Geithner who said
‘The Dollar? Don’t leave it for dead,
A currency war
We shall not explore
And better times do lie ahead’

October 20, 2010

Brazil’s said enough is enough
Stop buying our bonds! Buy our stuff
Now taxes will rise
While we do devise
New methods, your cash to rebuff

October 21, 2010

The dollar, why its plenty weak
So Tiny Tim Geithner did speak
We’re only concerned
That China gets burned
Of others, we have no critique

November 15, 2010

All weekend the Irish said ‘NO!’
We’re not gonna take any dough
But pressure has grown
To take out a loan
‘Cause they can’t maintain status quo

November 16, 2010

In Europe the problems are rife
The Irish hang on for their life
The poor Portugese
Do try to appease
But markets are wielding their knife

November 17, 2010

In Dublin the talks are ongoing
The pressure? Appears its plateauing
The question at hand
Can Europe command
Respect? Well its not overflowing!

November 19, 2010

The Chairman’s been painting the tape
Opinions he tries to reshape
Its not the US
That’s making the mess
But China’s that’s causing the scrape

November 22, 2010

This weekend the Irish did cave
Their banks surely did misbehave
The market’s perplexed
Just who will be next?
And why are they digging Spain’s grave?

November 23, 2010

In Korea, tempers have flared
As the North shelled the South, undeclared
Risk currencies dumped
The dollar? It jumped
It shows that the market’s still scared

November 24, 2010

In Ireland, the crisis persists
The Prime Min’ster there, though, insists
That things will be fine
Though he’ll still resign
So keep your eyes peeled for plot twists

November 26, 2010

So Portugal’s under the gun
Their bonds, traders starting to shun
Now no one can force
A bailout, of course
But it seems to me talks have begun

November 29, 2010

Its final, now Ireland’s clear
Of debt woes, at least for this year
But what of the pain
That’s coming for Spain
Can they really be that austere?

November 30, 2010

The markets do now look askance
At what’s going on o’er in France
‘Cause rumors abound
Their rating’s unsound
Will they be forced to refinance?

December 2, 2010

Trichet said, the EU stands strong
To doubt us would clearly be wrong
We’ll do what it takes
So make no mistakes
The Eurozone’s life we’ll prolong

December 3, 2010

The payrolls have finally come
Their reading is really quite glum
More unemployment
Nine point eight percent
The euro’s now looking quite plum

December 9, 2010

So taxes won’t soon be arising
Which truthfully’s not that surprising
But deficits still
Concern do instill
And the dollar? Most views are revising.

December 10, 2010

In Europe some ratings were chopped
In Tokyo prices have flopped
While in the US
Our lame-duck Congress
Is showing why many were dropped

December 13, 2010

In England, vice Governor Bean
Said if things get worse than we’ve seen
We may need to start
QE’s second part
So watch for when next we convene

December 14, 2010

In Frankfurt the ECB said
Its time that we look out ahead
Without sounding rash
We’d like some more cash
Or soon our accounts may be red

December 15, 2010

This morning the news is of Spain
Whose ratings are pressured again
The Germans, meanwhile
Are cramping their style
By treating bailouts with disdain

December 16, 2010

Today and tomorrow they meet
In Europe, to try to complete
The terms of a plan
To broaden the span
Of programs they soon will deplete!

December 17, 2010

There once was a country quite stressed
Its homeowners all dispossessed
While trying to fix
Its many conflicts
Five notches its ratings compressed

December 20, 2010

This morning the talk on the street
Is raters are growing downbeat
With merely a glance
At Triple A France
The euro is feeling the heat

December 21, 2010

The Chinese Vice Premier named Wang
‘Bout Europe he virtually sang
Their sovereign debt
We’ll aid and abet
If they fail, though, expect sturm und drang!

December 22, 2010

Each day passes by
Yen movement has gone missing

December 23, 2010

In Ireland more cash was paid
To AIB, as to persuade
The market at large
The gov’ment’s in charge
But traders the euro still fade

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