When times are uncertain and the economy is shaky, it’s nice to know (or at least believe) that there’s a higher power like the Federal Reserve making sure things don’t get totally out of control. With the Fed’s Open Market Committee scheduled to meet this week, this biblical-style ditty seems especially timely.
The Fed’s At The Spigot
The Fed’s at the spigot
I fear nothing.
It keeps the economy rolling along
It makes sure that inflation stays in check
It protects the dollar.
It works its magic mostly through jawboning,
Because it can.
Yea, though unemployment is currently rising
I’m cool.
Alan is out there
With his top-notch staff
Watching the store.
I know they’ll make things pan out in the long run
Even if bears eat my lunch in the near term
And they’ll finesse any oil crisis
So my car continues to runneth.
Surely, scads of easy money will be out here
Whenever I need it,
And home mortgage rates will remain low.
Always.
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