Thanks Carroll. Now I know where the real poets are. Or soon no man will 
have a house of good ticky-tacky. CP

Carrol Cox wrote:

>[This poem was written by the Fed watcher at Pimco, the biggest holder
>of US government bonds 
><http://www.pimco.com/LeftNav/Late+Breaking+Commentary/FF/2005/FF+September+2005.htm>.]
>
>free dumb
>
>'tis often said that the truth will set you free
>but for the fomc
>freedom is just another word
>for a free pass to play dumb
>as they fight lenders
>lending for free to the dumb
>who anticipate still dumber
>to take them out of roofs
>never intended to shelter from the rain
>but to relieve the pain
>of saving from paychecks
>un-fattened by productivity gains
>flowing freely to fattened corporate profit gains
>which the fomc seeks to protect
>all in the interest of defeating a cost-plus inflationary model
>which has already been defeated by globalization
>while giving birth to conundrums
>which really aren't conundrums
>unless you seek freedom
>to target property prices
>while singing bye to my
>and let's all share the pie
>while denying labor its fair slice
>because you believe
>the invisible hand works
>only for the rich list
>who owns the fist
>to draft a larger reserve army of the unemployed
>all in a nairu mist
>to obscure
>popping of bubbles
>that aren't really bubbles
>unless they prove their existence by blowing up
>at which time
>granting free dumb to inflate new bubbles
>proving the fomc's ability
>to walk on water
>unfrozen
>as they are the chosen
>to decide
>who will be cold
>and who will be frozen.
> 
>By Paul McCulley,
>written August 9, the day of the most 
>recent FOMC meeting.
>
>  
>