The Obama transition:
Transition (I), video: Obama and the US recession
The FT’s editor Lionel Barber gives his analysis of how Barack Obama may tackle his country’s recession
Transition (II), video: What should the world expect?
Will the change of president make any difference to the rest of the world? Quentin Peel says there is scepticism in some surprising corners
Transition (III), Lex: Obamanomics
Is an economic “new era” dawning?, asks Lex. Certainly the markets appear cautıous. One explanation is that “change” was discounted (negatively) by markets months ago. Another is that it is too early to tell. Either way, investors over the coming months need to pay close attention both to Mr Obama’s actions and rhetoric.
Transition (IV), John Gapper: Obama – chief executive or business-basher?
The president-elect looks and talks like a brilliant chief executive. But is that the real Barack Obama or is the fine print of his policies a better guide? Gapper says he cannot help suspecting the latter.
Transition (V), James Carville: A new generation transforms US politics
Young people between 18 and 29 years old delivered big for the Democrats, showing that the Republicans have lost a generation of voters, writes James Carville, political commentator and chief strategist for Bill Clinton’s 1992 campaign.
Transition (VI), tallying the results: The interactive view
See how the individual states voted in the US presidential election with the FT’s interactive political map of the US.
Otherwise…
European rate cuts (1): Editorial comment
Bold interest rate cuts by the ECB and the Bank of England on Thursday are essential, but are unlikely to be sufficient. Governments will have to support central banks with expansionary fiscal policy.
European rate cuts (II), video: The Short View
The near universal expection is that the Bank of England and ECB will cut interest rates at their policy meetings on Thursday. Indeed, keeping rates high makes no sense at all. That said, it’s clear that central banks don’t matter as much as they did, says John Authers.
View of the day: A bounce for sterling
Sterling is likely to see a bounce if the Bank of England cuts interest rates by a full percentage point today, believes Geoff Kendrick, currency strategist at UBS. So in theory, the market will punish a currency when rates are above what it deems optimal for medium-term sustainable growth – and reward lower rates by buying.
Insight: Michael Gordon – markets must abandon old assumptions
As the market shifts its focus from the financial crisis to the now inevitable economic slump, many of the assumptions that have shaped our industry for the past few years are being tested and questioned, says Gordon, global head of institutional investment at Fidelity International. We will soon see, as Warren Buffett has already noted, who has been swimming naked.