Friday, 14 September 2012

Ben and the Flood

The slump was nearly six years old before the flood of waters was upon the earth. And Ben went in, and his sons, and his wife, and his sons' wives with him, into the room, to discuss the waters of the flood. Of clean beasts, and of beasts that are not clean, and of fowls, and of every thing that creepeth upon the earth, there went in two and two unto Ben into the room, the male and the female, as Finance Capital had commanded them. And it came to pass on the very same day that the waters of the flood were to come upon the earth. In the 59th year of Ben's life, at the end of the ninth month exactly, were all the fountains of the great deep broken up, and the windows of heaven were opened. And the rain was upon the earth: purchases of an additional $40bn per month of mortgage-backed securities and zero interest rates until God knows when.

(with due apologies to the King James translation of Genesis)

Tony Norfield, 14 September 2012

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