The Long Run Blog

Critical Thinking on Money, Finance, and Economics

Too many metaphors

I have to admit, I’m stuck at a literary crossroads. There are simply too many metaphors to draw upon! Where to start? As Yogi said, when you come to a fork in the road, take it. Consider that it is now 2012, the year which the Mayans supposedly predicted the world will end. It also happens to be the 100th anniversary of the sinking of the Titanic. And almost as if on cue, a cruise ship just sank under mysterious circumstances in Europe. Yet it gets better: Europe is all too similar to a slowly sinking ship, listing feebly in the cold night, while the band plays and the crew runs about helplessly (cluelessly?) Greece was just the tip of the iceberg afterall. Will the captain (Germany) abandon ship or order the water tight compartments to close? Will the water tight compartments hold or does the water spill over into neighboring holds, causing the ship to slip deeper and deeper into the sea? Will le passagers in first class survive? The lowly steerage passengers will almost certainly absorb the brunt of the losses. Or will the HMS Eurozone sink suddenly, like the Lucitania (coincidentally torpedoed by the Germans)? If Europe does sink fast, will it bring the end of the [financial] world? Is this what the Mayans predicted, “Eurogeddon”? What will happen to the survivors and what of the wreckage is salvagable? About the only thing I can predict with certainty is that there will be a bull market in metaphors this year- hopefully by writers who will have a more eloquent and creative time with them than me!

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January 18, 2012 - Posted by | Econ Policy, Economics, Markets

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