A weekend interlude from a reader

As long-time readers will no doubt be aware, Macro Man is not averse to twisting a broad range of literary and musical sources to his own devices.  Generally speaking, his cultural knowledge is reasonably broad, but there are a few gaps.  One of these is contemporary manufactured pop music, where his ignorance of the artists and their works is deeply profound.

Fortunately(?), his readers are there to fill in the gaps.  One such, who presumably wishes to remain anonymous, tendered the following lines, which seem an apt market-related translation of some vapid tune from Taylor Swift:

Mario Draghi sings 'Shake it Off'

 

I cut rates too late

Got nothin’ in my tank

That’s what markets say – hmm hmm

That’s what markets say – hmm hmm

Oil prices fall

But I can’t make Brent stabilize

That’s what markets say – hmm hmm

But I keep cruising

Can’t stop, won’t stop finding a solution

Going to buy sovereign bonds

And its going to be all right

Cause the Euro’s gonna fall, fall, fall, fall

Traders gonna trade, trade, trade, trade

Budesbank gonna hate, hate, hate, hate

Markets, I’m just gonna shake, shake, shake, shake

Shake it off, shake it off

I never miss a beat

Its lighting how I think  

And that's what they don't see

That's what they don't see

Strategizing on my own

I adjust my views as I go

And that's what they don't know

They don't know what I know, uh-huh

But I keep cruising

Can’t stop, won’t stop finding a solution

I’ll do whatever it takes

And the Euro’s gonna be all right

Cause inflation’s gonna fall, fall, fall, fall

Traders gonna trade, trade, trade, trade

Shake it off, shake it off

Hey, hey, hey

Just think while you been getting down and out about the data

And the Greece election results

You could have been getting down to this sick beat:

I told lawmakers ECB measures may include sovereign bond buying

They’re like “Oh! My! God!”

But I’m just gonna shake

And to the policymakers over there, with the view of inflation bears

Won’t you come on over, we are gonna reassess, reassess

Cause inflation’s gonna all, fall, fall, fall

Traders gonna trade, trade, trade, trade

Markets, I’m just gonna shake, shake, shake, shake, shake

Shake it off, shake it off

Your author must confess to never having heard this tune before this offering was tendered.  Indeed, the only bit of Ms. Swift's ouevre with which he was familiar was this little ditty: