To Dubai crossly carped Abu Dhabi,
"You've developed a very dear hobby.
For your real estate wreck
Don't expect a blank check -
You belong to me now, Kemo Sabe."
Monday, November 30, 2009
Saturday, November 28, 2009
Too Big to Veil
"I'm afraid," said the Sheikh of Dubai,
"That our property market's run dry.
For a bailout we'll lobby
Our friend Abu Dhabi -
If we sell, the Emir has Dubai."
"That our property market's run dry.
For a bailout we'll lobby
Our friend Abu Dhabi -
If we sell, the Emir has Dubai."
Friday, November 27, 2009
The Holiday Season Begins
Today retailers wonder suspensefully:
Is Black Friday concluding successfully?
While economists fret,
"We're already in debt;
This business plan doesn't make sense to me!"
Is Black Friday concluding successfully?
While economists fret,
"We're already in debt;
This business plan doesn't make sense to me!"
Labels:
Black Friday,
consumer spending,
credit cards,
debt,
shopping,
USA
Thursday, November 26, 2009
The First Thanksgiving
Who taught them to cultivate maize.
"You're welcome," said Squanto,
"Have more if you want to -
It's preferred to la cuisine anglaise."
Tuesday, November 24, 2009
A Case for FEMA?
Of US homeowners, one quarter
Now reside in abodes under water.
In the last mortgage bubble
Some did not take the trouble
To review the fine print, as one oughter.
Now reside in abodes under water.
In the last mortgage bubble
Some did not take the trouble
To review the fine print, as one oughter.
Monday, November 16, 2009
Beijing Bluster
To Bernanke said Liu at the summit,
"Stop allowing the dollar to plummet!
In Beijing we've got trouble
Because of the bubble
You've blown with loose money, dadgummit!"
"Stop allowing the dollar to plummet!
In Beijing we've got trouble
Because of the bubble
You've blown with loose money, dadgummit!"
Labels:
China,
economics,
Humor,
loose money
Saturday, November 7, 2009
Takeover Italian Style
Said Marchionne, from Fiat centro,
"Signore, let's proceed più lento,
At Chrysler we've laid
Careful plans to upgrade
Their 300 to our Cinquecento."
"Signore, let's proceed più lento,
At Chrysler we've laid
Careful plans to upgrade
Their 300 to our Cinquecento."
Friday, November 6, 2009
Interest Rate Parity
Jan Hatzius, chief Goldman economist,
Warns," The Federal funds rate is anomalous.
Given money supply,
Payrolls and CPI,
Why not sub-zero loan rates for all of us?"
Warns," The Federal funds rate is anomalous.
Given money supply,
Payrolls and CPI,
Why not sub-zero loan rates for all of us?"
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