A CUTE PARTY

 
Ever go to a cute party?

Cute parties are always staged. And we just got treated to one that could not have been more staged. The hosts were hand selected, a couple of Democrats, a couple of Republicans, all economists, all former chief central bankers.

It was an economic play on good cop-bad cop with one slight twist: there was no really, really bad guy just another shill for their main theme who played the role of lighthouse keeper--things are fine but here's a reminder. There are some shoals out there. He's a Republican, but he's wizen and wise, two reassuring traits, to be sure, speaking the word of calm caution. That should soothe some frayed rabble nerves.

 The MSM, true to it charter, jumped on this fantasy like a gaggle of obese sports journalists during a half-time free spread at the Super Bowl. Free food? You mean there's more. Rumor has it most of them double their Metformin dose that day. You can bet a week's supply of your favorite anxiolytic stash big pharma loves it.

You wonder who thought up this obvious attempt to settle the masses down by parading four people with central bank experience, economically and gender PC, a sham if there ever was one. What it tells you, like the Trump unexpected, much parodied ascendancy, real or not, they're scared, threatened to the bone. There's trouble in paradise, not your or mine--theirs.

But let's examine a bit this cast of well-chosen characters rooted out at this particular inflection point. You have a couple of blasts from the past beginning with the guy who's credited in the early 1980s with breaking inflation's spine. You also have the long-too-long standing Mr. Irrational Exuberance, Sir Alan, who in a book about the Maestro Man by that Bob Woodward openly admitted he delighted in flummoxing the media.

More recently, the astute academician who in his spare time likes to fly helicopters. He's best remembered for staring the world in the kisser and reassuring us all the subprime miasma was "well contained." The was before it imploded. Nobody saw much of him after because reports have it he's too busy going around collecting hundreds of thousands for speeches and hobnobbing with the hedge fund crowd.

And last but not least, you have the current anointed bureaucrat who spends thirty seconds of every minute going backwards and thirty seconds of every minute going forward, a dove in dove's clothing.She's not really confused, just occasionally looks like it--all day everyday. She's been waiting for clearer signs longer than many playgoers have been waiting for Godot. If you don't smell the scent of a staged event, here's a message for you: You can't afford to buy the Brooklyn Bridge.