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Remembering Kenny Rogers

No I am not implying anything sinister - he is still among the living. However he made a prescient song album in 1978 called 'The Gambler' that still resonates today in the economic crises and the subsequent narrative coming from the large international banks, the financial analysts and their talking heads.

The lexicon used to describe today's financial morass includes terms like 'fold bad banks', 'getting rid of the weak hands', 'bailout', 'bad loans', 'over extended borrowers', 'loan crisis', 'subprime', 'balloon payments', you get the idea!

So here are the lyrics of his title song - The Gambler -

On a warm summer's eve
On a train bound for nowhere
I met up with the gambler
We were both too tired to sleep
So we took turns a-starin'
Out the window at the darkness
The boredom overtook us, and he began to speak

He said, "Son, I've made my life
Out of readin' people's faces
Knowin' what the cards were
By the way they held their eyes
So if you don't mind my sayin'
I can see you're out of aces
For a taste of your whiskey
I'll give you some advice"

So I handed him my bottle
And he drank down my last swallow
Then he bummed a cigarette
And asked me for a light
And the night got deathly quiet
And his faced lost all expression
He said, "If you're gonna play the game, boy
You gotta learn to play it right

You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
Know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done

Now every gambler knows the secret to survivin'
Is knowin' what to throw away
And knowin' what to keep
'Cause every hand's a winner
And every hand's a loser
And the best that you can hope for
Is to die in your sleep"

So when he finished speakin'
He turned back for the window
Crushed out his cigarette
And faded off to sleep then somewhere in the darkness
The gambler he broke even,
but in his final words
I found an ace that I could keep

You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done

Can Bernanke get on a train to nowhere and find a guy willing to lend advice for a taste of whatever Ben's drinking? Let us hope!

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