Tweet
Twelve Days of a Christmas Bust 2007 - iTulip © 2006
What Christmas next year might hold in store. Brought to you by ex-Federal Reserve Chairman Alan (What Bubbles?) Greenspan and a Securities and Exchange Commission that removed the speed limit signs from the U.S. financial markets freeway while installing two foot high speed bumps to over-regulate public corporations.
On the first day of Christmas,
my central banker gave to me
A post-housing bust economy.
Source: Haver Analytics
On the second day of Christmas,
My central banker gave to me
Two million insolvent households,
In a post-housing bust economy.
Source: Washington Monthly
On the third day of Christmas,
My central banker gave to me
Three million credit defaults,
Two million insolvent households,
In a post-housing bust economy.
On the fourth day of Christmas,
My central banker gave to me
Four collapsing currencies,
Three million credit defaults,
Two million insolvent households,
In a post-housing bust economy.
Alpha seeking sheep line up for another shearing
On the fifth day of Christmas,
my central banker gave to me
Five million panicking speculators,
Four collapsing currencies,
Three million credit defaults,
Two million insolvent households,
In a post-housing bust economy.
On the six day of Christmas,
My central banker gave to me
Six hundred hedge funds a-closing,
Five million panicking speculators,
Four collapsing currencies,
Three million credit defaults,
Two million insolvent households,
In a post-housing bust economy.
On the seventh day of Christmas,
My central banker gave to me
Seven stock markets a-crashing,
Six hundred hedge funds a-closing,
Five million panicking speculators,
Four collapsing currencies,
Three million credit defaults,
Two million insolvent households,
In a post-housing bust economy.
On the eighth day of Christmas,
My central banker gave to me
Eight million derivatives contracts un-delivered,
Seven stock markets a-crashing,
Six hundred hedge funds a-closing,
Five million panicking speculators,
Four collapsing currencies,
Three million credit defaults,
Two million insolvent households,
In a post-housing bust economy.
Source: The Economist
On the ninth day of Christmas,
My central banker gave to me
Nine private equity firms a-shutting,
Eight million derivatives contracts un-delivered,
Seven stock markets a-crashing,
Six hundred hedge funds a-closing,
Five million panicking speculators,
Four collapsing currencies,
Three million credit defaults,
Two million insolvent households,
In a post-housing bust economy.
Argentina Bank Closure, 2002
Source: BBC
On the tenth day of Christmas,
My central banker gave to me
Ten banking systems a-failing,
Nine private equity firms a-shutting,
Eight million derivatives contracts un-delivered,
Seven stock markets a-crashing,
Six hundred hedge funds a-closing,
Five million panicking speculators,
Four collapsing currencies,
Three million credit defaults,
Two million insolvent households,
In a post-housing bust economy.
Soup Line, Russia 1999
On the eleventh day of Christmas,
My central banker gave to me
Eleven nations in recession,
Ten banking systems a-failing,
Nine private equity firms a-shutting,
Eight million derivatives contracts un-delivered,
Seven stock markets a-crashing,
Six hundred hedge funds a-closing,
Five million panicking speculators,
Four collapsing currencies,
Three million credit defaults,
Two million insolvent households,
In a post-housing bust economy.
Source: GlobalSecurity.org
On the twelfth day of Christmas,
My central banker gave to me
Twelve wars a-raging,
Eleven nations in recession,
Ten banking systems a-failing,
Nine private equity firms a-shutting,
Eight million derivatives contracts un-delivered,
Seven stock markets a-crashing,
Six hundred hedge funds a-closing,
Five million panicking speculators,
Four collapsing currencies,
Three million credit defaults,
Two million insolvent households,
In a post-housing bust economy.
For a more serious treatment of the same topic, see: 25 Surprises for 2007 By Doug Kass, Street Insight Contributor.
For a layman's explanation of financial bubble concepts, see our book americasbubbleeconomy
For macro-economic and geopolitical currency ETF advisory services see "Crooks on Currencies"
To buy and trade gold easily and inexpensively, see BullionVault
To receive the iTulip Newsletter or iTulip Alerts, Join our FREE Email Mailing List
Copyright © iTulip, Inc. 1998 - 2006 All Rights Reserved
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Nothing appearing on this website should be considered a recommendation to buy or to sell any security or related financial instrument. iTulip, Inc. is not liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. Full Disclaimer
For macro-economic and geopolitical currency ETF advisory services see "Crooks on Currencies"
To buy and trade gold easily and inexpensively, see BullionVault
To receive the iTulip Newsletter or iTulip Alerts, Join our FREE Email Mailing List
Copyright © iTulip, Inc. 1998 - 2006 All Rights Reserved
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Nothing appearing on this website should be considered a recommendation to buy or to sell any security or related financial instrument. iTulip, Inc. is not liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. Full Disclaimer
Comment