The dreaded inflationary endgame suddenly looms as a very real possibility.

Given recent technological developments, the possibility that space weapons could be deployed looms ever closer.

There was an old argument for Greenspanese voters or politicians or both are inherently short sighted and myopic.

Look at the distant horizon!

Disaster beckoned.

Taking Hope in the Long View

The future's in the air

This defines a future horizon , which limits the events in the future that we will be able to influence.

Day and night The sun at the North Pole is continuously above the horizon during the summer and continuously below the horizon during the winter.

The ocean extends to the distant horizon.

Is a deal in the cards?

In the same way, ships that are in reality so far away that they should not be visible above the geometric horizon may appear on the horizon or even above the horizon as superior mirages.

Faced with the threat of financial sanctions, Iran s political elite is increasingly realizing the price of its confrontational course.

The perfect storm is forming because both Europe and America, for different reasons, are following monetary policies that encourage the euro to rocket to dangerous levels.

Other challenges loom.

But no toilets in sight.

This circle gradually rises from near the horizon just after the vernal equinox to its maximum elevation (in degrees) above the horizon at summer solstice and then sinks back toward the horizon before sinking below it at the autumnal equinox.

A major slowdown seems to be looming.

Other big legal and regulatory costs loom.

A showdown also looms over tax policy.

Moreover, several risks lie ahead.

Meanwhile, with the Lisbon treaty blocked and no institutional step forward in sight, the underlying question remains What type of Europe do we want?

This is what we dream about. Its individuality, demonstrated in the skyline. It's resilience.

The horizon seemed brighter on the European side as well.

Everyone feels that a seismic shift is under way.

But, beyond today s tempest, there is light on the horizon.

Finally, serious geopolitical risks loom large.

The looming known unknowns are plentiful.

Zimbabwe is not the only country facing that dire prospect.

A part of the European public, looking at Europe's looming population decline, wants to head in the other direction, promoting a return to larger families.

An enormous youth bulge in the Arab world's demographic tables looms, with 45 of the population now under the age of 14, and the population as a whole set to double over the next quarter century.

All of this amounted to a human and economic disaster in the making.

There is no stable solution in sight for Abkhazia and South Ossetia.

So hidebound conservatives run Russian universities.

The empire continued to grow with no end in sight.

And finally, at the end of the journey, I could see this thin little yellow line across the horizon.

It is difficult to predict the fate of such a blinkered regime.

For a short moment, there was reason to hope that peace was at hand.

Many see currency wars looming.

Nor does a global solution to the challenge of climate change appear any closer.

And Europe would avert the looming depression.

In Arabic it is عين ابل ar عين إبل.

To be sure, large swaths of Venezuelan society rightly felt excluded from the country s cozy elite consensus and insular governing arrangements, and resented it immensely but an aspiring middle class comprised roughly half the population.

Communism, like the horizon, was always just beyond reach.

It has seen off all of its challengers, and there are no new ones in sight.