All I want for Christmas….
A few of the many funny lines –
Chant the following:
…all of this open-ended fiscal stimulus
risk underpricing and rampant inflation
resulting in capital misallocation.
I’ll take the candy; you keep the Keynes.
Took a few times through before I caught the meaning of this line:
The year home run records were obliterated
That was the last time we saw bonds so inflated.
(Read it again with capital “B.” That’s a good one.)
And here is the 2012 Christmas hit, Deck the Halls with Macro Follies: