Churn, Churn, Churn

(with apologies to Pete Seeger and the Book of Ecclesiastes)

CHORUS
To everything (churn, churn, churn)
There is a season (churn, churn, churn)
And a time for every stage of the financial cycle

A time to buy low, a time to sell high
A time to invest, a time to downsize
A time to merge, a time to acquire
A time to spin off troubled divisions

(CHORUS)

A time for gain, a time for loss
A time to hire, a time to downsize
A time you may outsource
A time to refrain from outsourcing

(CHORUS)

A time to make loans, a time to collect
A time to refinance, a time to foreclose
A time to issue investor guidance
A time to restate earnings expectations

(CHORUS)

A time to compete, a time to collude
A time to lobby, a time to have lunch
A time to decry intrusive regulation
A time to demand extensive government intervention

(CHORUS)

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