Friday, 10 October 2008

Notes from the edge of the financial volcano




Standing on the precipice in New York City about one mile from Wall Street the changes in dynamics for both the US election 2008 and world economy can be felt.

Election 2008 has become a side-show.  Whomever wins the Presidency, they will be faced with the nightmare of three months trying to build an administration whilst simultaneously trying to stem the negative tide of economic news and investor sentiment.  

Warren Buffet will be appointed to a senior role by either Party - you heard it here first.

The economy is sliding fast as liquidity fears are being realised - and a'la Hobbes everyone is seeking to preserve their own position.  An interesting question is what is happening to the Chinese economic miracle ?  time to fasten seat-belts.

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