He sends down water from the sky, and riverbeds flow according to their capacity. The current carries swelling froth. And from what they heat in fire of ornaments or utensils comes a similar froth. Thus God exemplifies truth and falsehood. As for the froth, it is swept away, but what benefits the people remains in the ground. Thus God presents the analogies.

He sends down water from the sky, and riverbeds flow according to their capacity. The current carries swelling froth. And from what they heat in fire of ornaments or utensils comes a similar froth. Thus God exemplifies truth and falsehood. As for the froth, it is swept away, but what benefits the people remains in the ground. Thus God presents the analogies.

And this getting into a jealous froth because I spent ten minutes with a stagestruck kid.

It makes spit froth in the little corners of your mouth is that enough? It makes your armpits juicy, you know?

He sent down water from the sky, so valleys flowed according to their measure, therefore the water flow brought forth the froth swollen upon it and upon which they ignite the fire, to make ornaments and tools, from that too rises a similar froth Allah illustrates that this is the example of the truth and the falsehood the froth then bursts and disappears and that which is of use to people, remains in the earth this is how Allah illustrates the examples.

He sent down water from the sky, so valleys flowed according to their measure, therefore the water flow brought forth the froth swollen upon it and upon which they ignite the fire, to make ornaments and tools, from that too rises a similar froth Allah illustrates that this is the example of the truth and the falsehood the froth then bursts and disappears and that which is of use to people, remains in the earth this is how Allah illustrates the examples.

In these days of froth, the persistence of extraordinary policy accommodation in a financial system flooded with liquidity poses a great danger. Indeed, that could well be the lesson of recent equity and currency market volatility and, of course, plummeting oil prices.

Regardless of whether it charts a course toward a brighter or darker future, a country s political leadership by definition plays the central role at the helm. Leaders of both China and Japan need to accept their position in this process and, above all, not simply ride on the froth of current events.

Worse, the US Federal Reserve and its previous chairman, Alan Greenspan, may have helped create the problem, encouraging households to take on risky variable rate mortgages by reassuring those who worried about a housing bubble that there was at most a little froth in the market. Normally, a Davos audience would rally to the support of the central bankers.

While this approach has succeeded in boosting financial markets, it has failed to cure bruised and battered developed economies, which remain mired in subpar recoveries and plagued with deflationary risks. Moreover, the longer central banks promote financial market froth, the more dependent their economies become on these precarious markets and the weaker the incentives for politicians and fiscal authorities to address the need for balance sheet repair and structural reform.

But as frightening as the ups and downs of stock prices can be, they are mere froth on the waves compared to the real threat to the global economy the enormous tsunami of debt bearing down on households, businesses, banks, and governments. If the US Federal Reserve follows through on raising interest rates at the end of this year, as has been suggested, the global economy and especially emerging markets could be in serious trouble.