Photo Gallery 'A World War without a War'
Times Square in New York on election night: Obama can't simply put an end to the financial crisis or ensure that banks lend money again. "He is a politician, not not the Messiah," says Ferguson.
A shopper drives a cart through a Target store in Pennsylvania: "Americans want to buy goods inexpensively, and the Chinese can produce inexpensively."
Chimerica: Of the big three powers -- China, Russia and America -- two always join forces in a coalition, but neither China nor the United States has any reason to prefer Russia as a partner.
US President-elect Barack Obama and family: "Because of his big bailout plan, Hank Paulson has already spent the money for Obama's healthcare reform and for his tax cuts."
Obama "will have the least latitude of all presidents we can remember," says Ferguson.
