Doublewood: Annenberg Summit

With the conclusion of the informal summit between the leaders of the United States and China, Obama may have etched his name in history.

As one of the indispensible founders of an era of “new form of relationship between major countries’ (we used the term “powers”, the Chinese avoid that term, choosing “major countries” instead), Obama will have made his mark, if all goes well.

It is often luck rather than substance that history would bless some and not others.  In Obama’s case, he at least had the audacity to follow the guidance of the Kissingers and Brzezinskis, rather than let Hilary run his foreign policy.  Clearly, the forces behind the US Presidency (what?  you mean there are hidden forces?) have come to their conclusion, and Obama is the lucky one to get the historical credit.

I think this will be good.  Everything else being equal, I won’t be surprised if the stock market would give it the thumbs up.  The notion of a framework of mutual commitment to long-term stability and cooperation by the two major countries is just what the world and the market need.

One personal observation.  Did you all notice the fine art collection of the Annebergs in the news footage?  The couple managed to procure during their lifetimes one of the world’s finest collection of European Impressionist paintings, and some great Picassos and Matisses.  They were exhibited at the NY Met almost 30 yrs ago.  It is nice to see some of them hanging at home this time — and bearing witness to a potentially momentous historical occasion.



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