Thursday, November 11, 2010

Analogies Économiques IV: Pastries

"Bernanke's not using his noodle,"
Snapped Herr Schäuble, in protest quite futile;
"We don't need more air
In the chocolate eclair,
But more Äpfel inside of the Strudel."

Germany's finance minister Wolfgang Schäuble (SHOY-bleh) criticized Fed chairman Ben Bernanke (bur-NAN-key) as "ahnungslos" (clueless) following the announcement of the $600 bn second round of quantitative easing (QE2). QE2, designed to stimulate US credit creation through the Fed's buying Treasury notes, would also stimulate US exports by making them cheaper, thus cutting into the pre-eminent position of such export powers as China and... Germany.

Special thanks to US Navy veteran Charles Weatherwax and greetings to all of our veterans!
Posted by Dr. Goose
Labels: , , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • Student Loan Blues
    "Though college, I felt, was a sure thing, As of now, unless gold I'm unearthing, To pay off my loan, I'll have to postpon...
  • Over-Hurd at an HP Board Meeting
    "After proofing each check and gratuity,  We've determined beyond ambiguity:  Your expenses look funny,  If none of this money  ...
  • Powerball
    I'm buying a Powerball ticket (Or several, or even a thicket), In hopes I may win A billion bucks in The unlikely case that they pic...
  • Money Supply
    "I'm afraid," said Bernanke to Geithner, "The debt crisis still has lots of bite in 'er. Though it may cause some...
  • The $37 Billion Question
    Said a Harvard professor of econ, "That Google's got something unique on: They have cash by the score, Yet still borrow more; T...
  • Fed's Letter to Deutsche Bank
    "In reviewing your earnings per annum, We're less than impressed, and we pan 'em. The bank may have gains, But this letter ...
  • Piqued by Oil
    The price of petroleum's slacking With all of that pumping and fracking Maintaining supply At a level so high, While demand, at...
  • Safe Investments?
    Said a strategist, airing his views On central bank rumors and news: "You've booked every gain And best not retain Your bonds...
  • A Bad Trade
    The economy once ago sank From abuses at many a bank, Which Congress attacked In a really big act That went by the name of Dodd-Fran...
  • Consumption Be Done About It?
    The US has always depended On a rate of consumption that's splendid, By consumers for whom The means to consume  May soon have them over...