TIGHTENING

Quantitative tightening almost here,
Watch slump follow recession, end of year.
Transitory value takes house prices down,
Mortgage payers trapped in most every town,
Goods and services priced beyond control,
Businesses collapse, no money for dole.
Once they grew rich, lived high upon the hog,
Rampant inflation now, it’s dog eat dog.
People spend savings in these rainy days,
Bankers jump from windows damned with faint praise.
What goes up must come down, we all knew that,
Still we let greedy syphon off the fat.
Ghosts of Jarrow march on our streets again,
Belt tightening now totally insane.

Harry Rogers in the Red Bedroom, 28th August 2022