Its inauguration day and the USA is in a state of euphoria, the glow of which is even permeating the recessional permafrost of Europe and the rest of the world. One observation, two questions (neither of which I know the answer to): Observation - how precarious and unpredictable can financial markets be when the dollar draws more strength at the sight of Obama being sworn in, than when the US Govt pumped a gazillion dollars into its toxic financial markets (or do the speculators know something we dont?). Question 1 - could someone like Obama every rise so quickly and spectacularly through the BRITISH political system without being someone notable's son, daughter, pal from Eton etc? Question 2 - how long will the US public give him when they realise he cant wave a magic wand, make a "Berliner" style speech and reverse the meteoric rise in home repossessions and job losses single-handedly?
Answers on a postcard.
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