Holiday Special by David Resler from Nomura Securities

In a one of the recent economic reports by David Resler from Nomura Securities actually wrote a poem on the current economic and sub-prime crisis. Its quite interesting how always tough times give us chance to be really creative. In this case, guys this is David Resler for you...!!!


‘T was the night before Christmas, the moon shining bright
The fam’ly room lit by only the hearth-fire’s light
As flames from the embers like a jitter-bug danced.
I found myself, in a moment, taken entranced.
And in this dream-state my thoughts started to wander
To the past year’s events on which I would ponder.
For the year had been full of both good news and bad
And markets at times seemed to have nearly gone mad.
After seeming to stall at the turn of last year,
An upturn in growth brought us all something to cheer.
At mid-year growth surged with no rise of inflation,
Putting down fears of that most dreaded stagflation.
And just like the porridge from that childhood fable
The economy earned the “Goldilocks” label.
But lest we forget, Goldilocks was a mere thief
Whose breaking and entering brought her to grief.
S o tho’ the economy seemed healthy and strong,
Behind all the numbers there was much that was wrong.
It was clear the housing slump wasn’t over just yet.
Its problems compounded in the market for debt

’Twas the Night Before Christmas
(A Review & Forecast)
by
David H. Resler
http://online.wsj.com/public/resources/documents/poet-resler-12242007.pdf