GFC Vol. 1 Chapter 2, COVID-19 Melbourne Lockdown 4.0
A chant to the tune of John Philip Sousa’s “The Stars and Stripes Forever“
1st verse:
“Here we go, here we go, here we goooo,
Here we go, here we go, here we goooo!
Here we go, here we go, here we go!!
Here, we go, here we go, here we go.”
Chorus:
“Here we go, here we go, here we goooo,
Here we go, here we go, here we go!
Here we go, here we go, here we goooo!!
Here, we go, here we go, here we go.”
I can’t recall the rest…
What I do recall after drinking deeply from the Al Pope’s Pierian Spring of knowledge (a.k.a.Wikipedia) (as discussed in a previous edition) is this:
“Here we go” was a football chant “written” by a veritable wordsmith named “Harold Spiro”, recorded by a group with the name of “Hoagy and The Terrace Choir” and released to the salivating English Premier League masses in 1976…
I am willing to bet Phil Sousa never envisioned his composition being seized upon and repurposed to serve organised hordes of disenfranchised, working class, bellowing, weapon carrying brawlers…
..or did he?
Only the man himself will ever know.
Fear and greed acting separately but in unison.
On one hand (at this minute) for those watching the crypto currency markets, the recent overall Bitcoin “Rate of Descent” in aviation terms, whilst not quite that of a lead balloon, is steep nevertheless.
On the other hand, for those whom are believers in cycles and patterns (also discussed in an previous edition) developed economies are, now departing “the base camp” and embarking on a reinvigourated ascent toward another global credit bubble around 20 years following the end of the last. It may not be coincidental that this is a generational time frame.
Reminiscent of Boyle’s Law, climbers’ backpacks, pockets and fists are distended by cash seeking a form of pressure equalisation via a loving new home (or homes) both, metaphorically and physically,
The stock markets’ rise and rise is making great fodder for national leaders, celebrities, winning market punters, taxi drivers, janitors and tradies and other walks of life not normally associated with expert economic analysis.
These folks often point to recent local share market curves as proof of a strong and growing economy whilst ignoring the facts that the market gains only go into the pockets of the investors (except for marginal tax) and We are not actually creating anything that can be traded for something else of value.
Thank goodness We can still sell dirt and the diggers and shovels are viewed as “cheap”..
Amid the chaos of accusations, recriminations and speculation around the current COVID outbreak, and while we are (more or less) on the subject of lead balloons and leadership, note that the latter begins with “lead”. When viewed literally and from the perspective of the mineral (Pb on the periodic table) the definition can be summarised via a tag cloud thus:
Therin lay numerous similar but uninspiring and unfortunately, common characteristics found among leadership.
Is it coincidence or some terrible joke?
Or, have we stumbled upon a new role title of “Lead-er” perhaps?
Have a great weekend.