The Battle Hymn Of
The Bond Trader
Oh mine eyes have seen two companies
That once sold lots of cars;
We would buy up all their paper
They were big name superstars;
As this paper’s all gone junk grade
Ford and GM’s pain is ours;
The bond market marches on.
Biz, ness needs its easy credit,
Biz, ness needs its easy credit,
Play, things wrong and you don’t get it,
S&P can cost you dear.
Our government once issued
A long bond, the 30-year;
It was perfect for some buyers
‘Bout default they had no fear;
Now the Fed, to finance deficits,
Might make it reappear;
The bond market marches on.
T, bills are a short term mix-er,
But, you need a better fix-er,
Long, bonds are the best elix-ir
When the debt keeps piling on.
Dick Nixon learned the lesson
With bond traders you don’t toy;
Poor Bill Clinton learned the hard way
And it stymied the dear boy;
Soon George Bush will get the message
And it won’t bring him no joy;
The bond market marches on.
Power, power rests with lenders,
Power, power rests with lenders,
They, don’t fancy overspenders,
Others govern, lenders rule.
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