Monday, May 6, 2013

The Kracken...

Below the thunders of the upper deep;
  Far, far beneath in the abysmal sea,
  His antient, dreamless, uninvaded sleep
The Kraken sleepeth: faintest sunlights flee
About his shadowy sides: above him swell
Huge sponges of millennial growth and height;
And far away into the sickly light,
From many a wondrous grot and secret cell
Unnumber'd and enormous polypi
Winnow with giant arms the slumbering green.
There hath he lain for ages and will lie
Battening upon huge seaworms in his sleep,
Until the latter fire shall heat the deep;
Then once by man and angels to be seen,
In roaring he shall rise and on the surface die.

By Alfred Tennyson
Our own Kraken is near the surface too. Having brought our country untold Hundreds of Billions of liabilities and debt it is nearing the end of it's destructive life. The CMHC is very near it's limit. 

 Also we have a new Chairman, a banker who ran the only major New York bank that was not part of the we-will-gamble-with-your-money-now-bail-us-out. Let us hope he pulls tight on the reins of this monster. 

Things are a-changing for the Kracken Monster.