Hey, Janet (with apologies to the Beatles)

With August upon us and many readers likely at the beach, here is some levity from one side of the vocal debate on the future of Fed policy. Please hum the melody of Hey Jude as you read the lyrics. With thanks and credit to the Beatles.

 

“Hey Janet”

Hey Janet, don’t make it bad
Take easy money and make it less so
Remember the last time rates stayed too low for too long
Then you can start to make it better

Hey Janet, don’t be afraid
The bed is made but please don’t wait
The minute that you raise rates will hurt but
Then you begin to make it better

And anytime you feel the pain, hey Janet, don’t refrain
Don’t carry the world upon your shoulders
For well you know that it’s a fool who plays it cool
By making his/her world a little colder
Nah nah nah nah nah nah nah nah nah

Hey Janet, don’t let me down
Lower unemployment and higher inflation are here
Remember the last time rates stayed too low for too long
Then you can start to make it better

So let it out and let it in, hey Janet, begin
You’re waiting for someone to perform with
And don’t you know that it’s just you? Hey Janet, you’ll do
The movement you need is on your shoulder
Nah nah nah nah nah nah nah nah nah

Hey Janet, don’t make it bad
Take easy money and make it less so
Remember the past voracious demand for yield
Then you’ll begin to make it BETTER, BETTER, BETTER, BETTER, BETTER, BETTER…
OHHHHHHHHHHHH!
NAH, NAH, NAH, NAH, NAH, NAH, NAH, NAH, NAH, Hey Janet

 

 

Peter Boockvar
Managing Director
Chief Market Analyst
The Lindsey Group LLC
Direct: 973-251-2063
www.thelindseygroup.com

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