Can Tim, Ben & Barney Pull This Off?

The answer matters profoundly-The most valuable advantage in the battle for investment survival is to understand the context* in which we are making investment decisions; that is, to correctly appraise the economic and political forces that are shaping tomorrow’s risks and opportunities.

To observant investors, the collapse of global securities markets and the near hysterical efforts by governments to stop it signal a global contextual transformation that will be broader, deeper and more pervasive than any disruption since WWII. As everyone now knows, this upheaval was triggered by the implosion of the postwar credit expansion which had soared beyond the limits of prudence during the last five years.