There are some very significant events happening behind the scenes, even though the markets would seem to hide this with their sleepily accommodative nature to the status quo.

I thought Volcker's call for a new Bretton Woods agreement was significant, in a Chamberlain-like manner. Volcker is certainly out of power, riding the tide of events more than shaping them now. But he certainly still has insights into what is going on.

I am a little surprised at the push by the neo-cons at this point to advance the New American Century. It makes me wonder.

There is plenty of room for speculation here. I will take a pass on it for now, and wait to see some indication of what is happening, before ranging out onto the seas of possibilities, and legends.

But I do know that this too shall pass.

By Jesse

http://jessescrossroadscafe.blogspot.com

Welcome to Jesse's Café Américain - These are personal observations about the economy and the markets. In plewis

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