Fear The Federal Reserve Meeting Minutes

Authored by Danielle DiMartino Booth,
Ever heard of an Alpha quote? That’s how best to classify, ‘Show me the money!!!’
It didn’t take you but a nanosecond to picture Jerry Maguire screaming that line into his phone. The shame, for lack of a better word, is that another quote from the same movie, that’s almost as good, will only live on to minor fame.
Getting to the not quite as famous quote requires that you navigate not one, but two scenes in the 1996 Tom Cruise blockbuster. Sports agent Maguire has landed an Odessa, Texas high school superstar quarterback. In perfect stereotypical form, the boy’s father is chief negotiator. Out Maguire drives to dusty West Texas to seal the deal, on paper, to which the father replies: ‘You know I don’t do contracts, but what you do have is my word. And it’s stronger than oak.’ One firm handshake later, we see an elated Maguire driving off singing and pounding his steering wheel to the beat of Tom Petty’s ‘Free Falling.’
Of course, a betrayal follows as sure as night follows day and the father signs, yes signs, with a rival agent offering a sweeter as in ‘Sugar’ deal. But what about the strength of that oak? A pumped-up Maguire arrives for the young star’s big moment and learns that in all likelihood Cushman Senior does sign contracts. To that Maguire bitterly retorts, ‘I’m still sort of moved by your, ‘My word is stronger than oak’ thing.’ The moral we saw coming: Always get it in writing.

This post was published at Zero Hedge on Nov 23, 2016.