Risk Rap

Rapping About a World at Risk

The Summer Solstice and Quadruple Witching

The northern hemispheres longest day of the year has arrived!

On this beautiful day in New Jersey, I detect warning clouds appearing on the horizon as the markets and world events serve up a witch’s brew of bad news. Terrible natural disasters in the United States and China have lead to widespread crop losses, asset destruction and diminished industrial capacity.

Inflationary pressures for basic foodstuffs continue to rise, creating unrest in the underdeveloped world and political divisiveness in western democratic states. G7 central bankers continue to wrestle with uncertain credit markets and second guess their schizophrenic two step Tango with inflation and interest rates.

Posses of FBI agents are rounding up white collar desperadoes holed up in Ft. Lee penthouses and Greenwich Connecticut country estates, forcing Armani attired hedge fund managers to do a “Perp Walk” for crimes against the capital markets. Rampaging gas prices are immobilizing America.

Suburban driveways resemble parking lots for grounded SUV’s, growing an ugly oil stain on last years newly laid Belgian block cobblestone.

And finally, as squadrons of Israeli fighter jets commence training for a sortie to “take out Iranian nuclear facilities”; the price of oil screams danger as speculators arbitrage the unthinkable consequences of ravaged communities and Persian outrage with the capital gains tax implications on their NYMEX Light Crude positions.

New Jersey’s longest day of 2008 has arrived. We must do our best. Stay in the day. Have faith in a higher power, ourselves and our fellowman that this too shall pass and we’ll make it through the day if we are kind, learn to trust and offer respect to one another.

A day like this needs two songs.

Be mindful of the beauty and gift of life that Shirley Horn sings about in “Here’s to Life”

Risk: Thinking you won’t make it through the day. Thanks Ray.

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June 20, 2008 - Posted by | jazz, risk management, seasons | , , , , , , , , ,

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