Black Swan

Forty minutes into this podcast . . .

http://www.peakprosperity.com/podcast/86441/david-stockman-collapse-american-imperium?

David Stockman’s explanation to Chris Martenson about the Ukraine problem suddenly morphed into a dialogue about the present state of our financial markets.

I was so edified by what the former Director of Office of Management and Budget was saying, that I sat down on this Saturday afternoon and wrote a poem about it– pretty unusual subject for a poem, for sure, nevertheless . . . we live in strange times. . .

 

We were out on the market that dark day when

the black swan came

and the dam

broke.

Fast money had driven us to the point

of no return but then we

were sliding on a

torrent.

Someone said the central banks had ruined the

markets, and stabilizing factors

were gone with the

wind.

Two-sided trades had gone the way of the buffalo

because a big animal spirit like that has

no place in the high-freq

flood.

There we were hanging at the end of the long swan’s road

with no ballast in our boat and no bids

to stop us on the way

down,

short sellers driven over the falls by cascading

price plummets and overvalued shares

tumbling in bubblous

froth,

we were lucky to emerge upright after that, after the Fed had

monetized three and half trillion gallons

of rushing flushing

liquid,

and then the dam went bust, banks caving, no saving,

until we tumulted through that broken Wall

and found our little boat

afloat.

Astounded, broke, busted, rudder can’t be trusted,

we drifted to portage on the flooded Main.

T’was there we saw black swan fly

away.

It had long tails, and we saw red sails in the

sunset.

 

Glass half-Full

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