The word on the street for the last few months among many economists has been that Greenspan would retire and be replaced with Princeton professor Ben Bernanke. The former has now happened. Let’s see if the latter transpires as well.
Note: I am now holed up in Dallas, Texas, far away from Linda’s devastation. By turning ever so slightly to the east, the storm spared the city and our nation the worst devastation it has seen in who knows how many years. However, the massive level of destruction and the number of deaths are only beginning to be discovered. Because I am currently a bit preoccupied with these events, the frequency of my writing here may be erratic for a while.
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