Greenspan, The Slasher

A song memorializing Alan Greenspan's interest rate cuts, with apologies to Billy Joel.

He cut it once, he cut it twice
He cut it twelve times before
But still they believe to the core
That this cut was needed even more

But oh, there's no market bounce
And they should know it's time to buy the Mapleleaf gold ounce

Yet they stand there pleadin'
With their portfolios bleedin
'Cause deep down they want even more

Then he says he wants to fight deflation
It's such a clever obfuscation

He's so good with his explanation
They don't even see the looming disastrous inflation

He cuts so hard, he cuts so deep
He's got so much skill
He's so fascinating that they'll still be there waiting
When he comes back with the bill
They' ve been slashed in the face
Their portfolios a disgrace

But still they want more

'Cause he gives them what they need
While their stocks bleed

Then he says he is fighting deflation
What a clever obfuscation

He's so good with his explanation
They even think he is a sensation

He cuts a quarter, he cuts a half
As he carves up the economy’s life
But they won't do nothing
As he keeps on cutting
'Cause you know they love the knife

The market’s been overbought, the market’s been oversold
But they stand there pleadin'
With their portfolios bleedin'
'Cause deep down they want even more

From this Randian phony to the core

Then he says he is fighting deflation
What a clever obfuscation

He's so good with his explanation
They even think it is good for the nation

But the truth is the slasher
Is carving up a big time disaster

Inflation is ahead
You need gold under your bed
Use your head

Crudele, Rogers, Paul and Volcker have got this right
It is not going to be a pretty sight.