I’m hearing three names being bandied about for Treasury: Tim Geithner, Larry Summers, and Jamie Dimon. Somehow I remember there being a fourth but I forget who right now. All of these guys seem credible.

Oh, I remember, it was Jon Corzine, the Governor of NJ, and ANOTHER Goldman Sachs guy.

Apparently, he has already asked Rahm Emanuel to be his chief of staff. SO the guy is moving quickly. The real question is will he pick the right people and make the right choices.

Thank god the election is over. Even for a news junkie like me it was a bit overkill.

Thanks for the word on the street out your way.

Ed

My biggest fear now is that the Fed is going to print too much money and it leads to the scenario you talk about or to another bubble (where that bubble could possibly be is a mystery). Cheap money and poor fiscal policy got the U.S> in this mess to begin with. Now somehow this is supposed to be the cure.

Question: what is the mood over in the U.K. when it comes to the new American President? Over here, a lot of people are dancing in the streets. I am pretty satisfied myself but I recognize the task ahead.

Let me know what the word n the street over there is.

Ed

General feeling seems to be that there is no magic wand, but maybe this adviser or that one will help guide him down his wise path – hmmmm! Lots of hard decisions to come, and the earlier he takes them the hard way, the easier it will be to carry the country. If he bottles-out now, later may be too late.