The lag effect of monetary policy changes will surprise the Fed as the fiscal “pig” of stimulus begins to exit the economic “python.” ...

The Pig Exits The Python Investors are currently clinging from one economic headline, or Fed comment, to the next in hopes of a sign the Fed will restart monetary accommodation.

The "pig," in this case, represents inflation and its tentacles into the global economy. The "python" is the domestic economy.

You’ve got to go back a few generations to locate the origins of the phrase “the pig through the python,” but it comes to mind as we see economic machinations dampen our near-term rally on ...

Zelman closely watches the problem loans (the pig) that need to be moved through the long foreclosure and REO process (the python), so that the houses can be put out onto the market and absorbed.

The pig in the book's title was the Baby-boom Generation of the 1950s and 1960s, and the python was contemporary 1990s society as it struggled to digest them as they moved through its economic ...