After Fantasy Fest and The Elections!

0738/1842 59/65 Blue Skies N10/20 50%H.
DOGS 11405 8677 1378 2602. Libor 23. Vix 19.

Greetings from the Hill.

A cold night in paradise,
the oldman was under the covers,
the windows closed
and the cats inside.

A sickness in the house,
everyone hacking and coughing,
from tourist germs.

Outsiders bringing infection.

"The Fest was a Fast,"
laughs the madone
over the speculator's profits.

"Hey, new sidewalks and curbs,
Obama money for the shoveling,
employing local illegals,"
a week of many events,
the Blog lost, Tony leaving,
the painter moved in,
electricity coming soon
to the bedroom,
a racoon on the front porch
eating the catfood at night.

Some things never change.

Listening to the nonesense from CNN
and the absurdity of CNBC,
Spitzer the new Fox idiot,
all a debasement of intellectual curiosity,
reducing thought to the lowest
common denominator...
stupidity.

"QE2 is about to sail,
with a full cargo of fiat
to debase world currency
and inflate the dollar,
wiping out debt,
the three stooges at work,
stockpiling the toxics of MBS
from Freddy and Fanny
and Ginny Mae
before Doomsday,"
sighs the oldman.

The Master of the Fed offers
"And thereby allowing the flow of money
into a riskier and higher yield investment,
encouraging once again the growth
of industries in America...
invention and technology."
a better world for lazy people
and the delegating class.

POMO, MBS, SOMA, FOMC...
GSE maturities into Treasuries,
PIMCO and Greenspan,
thin air assets disappearing in time,
shrinking the portfolio
of the banker's debt.

ZIRP with a big slurp.

The Primary Dealers take the money
and invest in other markets,
offshoring investments with labor,
the traders are traitors,
money waves no flag
on Wall Street.

A new and leaner company base,
pensions and benefits gone,
starting over without debt,
promises forgotten...
"Tough shit, old farts,
no more drugs."


Doesn't look good for Big Pharma.

Or Obama's karma.

"At least Fat Mac is not back."

"Cates seems softheaded."

Lawyers making the laws
that leave the loopholes
for government regulation
by the lobbyists.

Above the Horn,

Beyond the Reef.