Once dubbed "the Maestro", Alan Greenspan, the one time Fed Reserve Supremo, famed for his deft handling of issues, has seen his reputation tumble like the punched-drunk equity market lately.
As the markets suffer more bloodletting, the dramatic unfolding of events in recent months has seen the unmaking of his(Alan Greenspan) reputation become even more precipitous.
Now at the age of 82, there dont seem to be much time left for him to salvage his reputation.
"The world is a spinning die, and everything turns and changes: man is turned into angel, and angel into man, and the head into the foot, and the foot into the head. Thus all things turn and spin and change, this into that, and that into this, the topmost to the undermost, and the undermost to the topmost. For at the root all is one, and salvation inheres in the change and return of things."
Martin Buber
Such is the impermanence of things.
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