“Every Change of Rate” is an utterly hysterical parody of the black & white Police video “Every Breath You Take,” as done by some Columbia Biz School students; Its an amusing take on the Ben Bernanke, the newly appointed Fed Chief.
My favorite bit are the lyrics during the second verse:
“First you move your lips,
Hike a few more bips,
When demand then dips,
And the Yield Curve Flips
I’ll be watching you”
Its a bit harsh on Ben Bernanke, who after all has only been in
office for one FOMC meeting. Still, the overall effect is quite
Here’s the video source: Columbia.edu/students/follies
UPDATE: April 26, 2006 4:15pm
The WSJ’s Marketbeat was just as amused as I was by this:
Glenn Hubbard: King of Pain
Today’s best four minutes of the day: an uproarious parody of the Police’s “Every Breath You Take” by students at Columbia Business School, which purports to show the school’s dean, Glenn Hubbard — and, no, that is not Mr. Hubbard, the school confirms, but a look-alike student — taking Fed Chairman Ben Bernanke to task for monetary policy mistakes (in a fit of jealousy over not getting the position). It’s hard to resist the charm of any attempt to poke at the Fed, especially one that includes the couplet “Hope your models break/bet that beard is fake.” The real Mr. Hubbard was traveling and could not be reached for comment.