Obama's Coolness Become a Communicable Disease
One of the Six AAA Rated Companies Left Issues Debt
The Swan flu is has arrived. As the Jewish community struggles with what to call the slightly deusion mass panic over the non-koshritic H1N1 virus, I would suggest a rather likeable political outbreak of coolness is pervading Washington. Right or wrong Obama and his press secretary Robert Gibbs never seem to loose their cool. Obama even seemed to get away with laughing heartily at Wanda Sykes' over-the-line-she-didn't-really-just-say-that-did-she? quips regarding missing plane flights, painkillers and kidney failure at the Whilte House Correspondents Dinner. But Obama's disarming style and trillion(s) dollar smile does create an air of reassurance and self-confidence that is on balance good for the financial markets seeking cool-and-calm-steady-as-she-goes demeanor to counter balance the Geitner ugly duckling in transformation. What else can explain the suckers' rally if that's what this little blip is?
Catch this little gem of humor and grace under pressure from press secretary Robert Gibbs when cell phones start commandeering a press conference. If Geitner catches a case of the Swan flu maybe the rally will stick around for a while longer. At least until the market figures out if the stress tests hold water or were just a head fake. Still trying to figure out why Microsoft who can't figure out what to do with all the cash they have on hand on the first place would issue $3.75 billion worth of bonds. Maybe a call from the swans asking them to show the market isn't completely dysfunctional. Just a thought.
A graceful swan under pressure?
What do you think?