We first ran this poem in September. Alas, with the addition of a new stanza about a likely war with Iraq, it seems even more appropriate today.
Market Meltdown Fears—The Poem
The U.S. dollar is shrinking, like a summer ice cream scoop;
Congress is again overspending, awash in that old debt soup;
The struggling Dow and Nasdaq, can’t seem to find a floor;
And investor fears keep rising, rising, rising,
Investor fears keep rising,
Keep rising more and more.
The days are past when investors viewed all losers as fallen gems,
And rushed to their rescue with money, like nurturing mother hens;
Now good companies, too, go begging, and cut spending to the bone,
To avoid deeper fiscal trouble,
Escape a deflated bubble,
Flee from surrounding rubble,
And worst things still unknown.
Over this battered marketplace there hangs the specter of war,
Whose open-ended consequences no sane man can ignore;
One misstep in the planning, could trigger in a gush,
A new Mid-East explosion,
Sharp currency corrosion,
Vast confidence erosion,
That weakened markets crush.
Perhaps one darkened morning soon, to panicky echoes we’ll wake;
The equity holders will tremble, the bond investors quake;
And as global economies teeter, we’d best pray there appears,
A plausible confidence mender,
A deep pocket lender spender,
Who can calm all our white knuckle fears.
********** |