Another poetic gem from TMV’s favorite poet, Michael Silverstein, aka Wall Street Poet:
Bernanke Goes Along Again
Here’s a tip for Ben Bernanke
One that he should not ignore
When you cave to market wishes
Markets always ask for more.
Cutting rates at ev’ry downturn
Don’t produce the long-term hero
Markets just view it as weakness
Soon demand rates down to zero.
The real way to stem a crisis
Ain’t to give away the store
When you bow to market pressure
You’re the problem, not the cure.
Copyright 2008 Michael Silverstein
Joe Gandelman is a former fulltime journalist who freelanced in India, Spain, Bangladesh and Cypress writing for publications such as the Christian Science Monitor and Newsweek. He also did radio reports from Madrid for NPR’s All Things Considered. He has worked on two U.S. newspapers and quit the news biz in 1990 to go into entertainment. He also has written for The Week and several online publications, did a column for Cagle Cartoons Syndicate and has appeared on CNN.