Mar 5, 2015

The Doves are Back in Town

Thin Lizzy - Boys are Back cover

Another Karaoke event in the Fed's Eccles Building, with New York Fed President Bill Dudley selecting a classic by Thin Lizzy (You Tube):

Guess who just got back today?
Them Keynesian boys that had been away
Haven't changed -- got too much to say
But man, I still think them doves are crazy

They were asking, Ben, if you were around
How you was, is any of your beard still brown?
Told them you work as a rodeo clown
Driving your pal Greenspan crazy

The doves are back in town, the doves are back in town

You know that Chair that used to print a lot?
Every time we hit a floor she's pumping up the Dow
Man when I tell you she was dovish, she was white hot
I mean, she was flaming

And that time over at Bullard's place
Well this hawk got up and she slapped Janet's face
Man -- we fell about the place!
If that hawk don't want QE4, forget her

The doves are back in t-o-o-o-o-w-n

Spread the wealth around ... guess who's back in town?

Friday night, we'll all eat our fill
Steaks on Lacker's backyard grill
The Keynes will flow toward that Friedman shill
And if that hawk wants a fight, he’s gonna get it!

The boom box in his garden blasting out my favorite song:
“Easy Money” – so you know it won't be long
Won't be long 'till new QE comes
Now that the doves are here again

The doves are back in town . . .