Feb 21, 2015

Bennie and the Feds

apologies to Elton John (YouTube)

(The inside story on the Fed’s original Lift-Off plan)

Hey Kids!  The Lift-Off plan’s together
If spot rates stay sub-one I can always blame the weather
We’ll declaw all the hawks tonight, so stick around
You’re gonna hear an eclectic plan that would make Keynes proud

Say, Fisher and Plosser haven’t seen it yet
Oooh – the hikes are SO spaced out

{The Kids}
B-b-b-Bennie and the Feds
Oh, these low rates are so wonderful
That Bennie, he’s really keen

The Dow’s electric moves
I just can’t lose !
You know I read it all in Time Mag-a-zine
B-b-b-Bennie and the Feds

Hey Kids, plug into the shameless
Maybe we’re a little dovish
But Fisher makes us crazy
I knew we’d accept his challenge all along:
A Wii Golf match will determine who’s right and who’s wrong

Oh, Yellen and Evans are 10 under par
The hikes will be SO spaced out

{The Kids}
B-b-b-Bennie and the Feds
Oh, The Beard and The Wonderfuls
Those Fed folks are really keen

The Dow’s erratic moves
If I should lose
You know they’ll ready a new batch of QE, oh-oh
B-b-b-Bennie and the Feds