The next four yearsCan Obama avoid the catastrophe scenario?

How will the President-elect navigate the wreckage in the aftermath of the greatest financial bubble in world history?

World governments are intervening to an unprecedented degree in world markets in an effort to stem the risks of a global financial and economic catastrophe. Argument is swirling across the political and ideological spectrum on whether this intervention is a necessary evil or simply wrong. But the point is essentially moot: when markets go into crisis mode, the public sector is exhorted to 'do something' and politicians cannot just stand by while their individual and corporate constituents go belly up in droves. Now the US presidential race has been decided in favour of Barack Obama, it is...