Monday, May 25, 2009
With apologies to P.B. Shelley....
I met investors from a foreign shore
Who said: "Two trillion dollars we are long.
Until we can deploy them and earn four
Percent, without taking duration risk
'Twould be folly to purchase any more.
Yet when our new-world counterparts we meet,
Reclining for a chat under palm fronds,
Ere we take the slightest moment to greet
Our friends stand and declaim into the air
'My name is Ozymandias, buy my bonds:
Else we shall not import and all despair!'
The proud land's reputation's in decay
From that colossal wreck, boundless and bare
Our investment dollars shall stay away."