bobace

The Scariest Chart Ever

Bretton Woods set the stage for American monetary leadership post WWII and the baby boom was gasoline to the economic fire that raged for the next 20 year (1946-66). US leadership dominated global economic revival as China and India were non-starters while Sausi Arabian Oil was owned by US BIG OIL. Big differences between now and then. The global theatre now is confused by too many players and subplots that make it diffuclt to appreciate the main story - uncertainty, risk and consumer pessimism on a grand scale. "Hopefully", visibility will clear up by 4Q09.