Sneak preview of the Federal Reserve Board’s minutes appearing, officially, next week. The resemblance to Jimmy Cliff’s Many Rivers to Cross may be a reflection of the Board's summer holiday spirit. Sing along with the genuine article of the great track here.

Cramer’s really quite cross
Cause we won’t open the discount window
He wonders when the Fed lost
Its means to cut like The Maestro

Seems the Big 5 have got memory loss
But whilst the penny’s dropping they’re still alive
Credit’s been loose, sloshing round for years
And they’ve more than survived upon its rising tide

And now this noise from their constant moans
It's such a drag – wish it were overblown
Sure, they’re hurting and yes we do know why
Still, looks like they’re gonna cry

Cause we don’t give a toss
And as for cuts Ben’s biding his time
There has been data he’s found all by himself
None of which are exactly sublime

Yes, they've got many rivers to cross
Cause there’s no way the rate holding’s over
Wandering, they are lost
As they travel along in search of more easy clover


NB: Inspired by a marvellous Cassandra comment and conceived (how sad this is) during idle late night reveries.