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

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.

All of this is the proverbial pig in the python - the bulge in the county's expenses that will take a long time to work through the system. How long is still anybody's guess.

A 12-year-old girl in Australia swung around an eight-foot python as she tried to free her pet guinea pig during a dramatic rescue caught on video.