Chance the Gardner

Analyzing the complexities of the global papering over of the credit super cycle  appears to be little more than the Short Attention Span Theater version of Being There. Bring up a Long Term Repo Operation here, or spit out some contempt for Quantitative Easing and you're pretty much good to go. If you can rustle up a metaphor or string a simile you're a regular. Just remember, be vague, smile and for god's sake don't take a follow up! All will be well in the garden.

Thus, Bernanke said X and that means Y and you should buy (sell) -insert commodity, stock, bond here. As Chance said, "I like to watch." The wildly frustrating aspect of it all is that the only thing that matters is the risk. I don't care about opinions. Opinions get you killed. I deal in risks. You say you like the bond? Tell me why you might be wrong. The Fed's going to play with Twist? What's the functionality and operational consequence?

I feel like Louise when she sees Chance on TV: "He had no brains at all. Was stuffed with rice pudding between th' ears. Shortchanged by the Lord, and dumb as a jackass. Look at him now!" Kosinski ok'd the final scene in the film version as Chance tests the depth of water in the fountain and then walks across. He said it was a puzzle, is Chance a god or does he just not know he's supposed to fall in? The game is more complex than this. Its starting to get away from the Central Banks. Someone is going to get wet.

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