I was at a meeting in the Federal Reserve Bank in San Francisco last week--yes I was trying to get them to lower interest rates--good job, eh?--and get a sample of the $2 billion in worn bills in the basement awaiting the shredder. They said no. But out the window of our conference room, I snapped this picture of the SF financial district looking very two dimensional, sort of like the US economy these days--seemingly not much depth and maybe a house of cards.
Interesting about the Fed--a friend asked if he had to leave his pocket knife outside security. "No," the guard replied, "we have 50 caliber machine guns, you can have your knife..."
Saturday, January 26, 2008
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