Comments on: G-20 related links

By: jakester

jakester — Sun, 16 Nov 2008 05:20:19 +0000

now I see why the DX rallied sharply in the last hour of late afternoon trade (NY). this “meeting” just goes to show that there is still NO viable solution in the works. More pain on the way especially in techland where the news couldn’t have been any worse this past week for this sector since ‘01.

By: Stuart

Stuart — Sun, 16 Nov 2008 05:10:34 +0000

They didn’t need a G20 meeting for that output. It was written as if by a bunch of bureaucrats. The main issues of currency imbalances, dollar hegemony, current account imbalances, deficits (corporate, public, govt) and the financing of those deficits, not a damn word. No, they didn’t need a G20 meeting. Just another photo-op. Market is going to tank HARD next week as it is sadly disappointed. Yes, perhaps too much expected, but not to see a word on the key issues. The leaders are cowards.

By: leftback

leftback — Sun, 16 Nov 2008 03:23:35 +0000

Surely there will be an announcement that something tangible has been decided, even if it is only that they sent Benjamin directly to the Mint to begin printing while Hank warmed up the helicopter….?

By: DP

DP — Sun, 16 Nov 2008 01:39:15 +0000

Isn’t the commitment not to impose any trade barriers at least a little encouraging?

By: Stuart

Stuart — Sat, 15 Nov 2008 23:43:49 +0000

Perhaps too much was expected from a hastily called meeting by a Lame duck President. With nothing coming out of it, the world markets selling off Monday will be a HUGE raspberry of discontent aimed squarely at the useless clowns present but too damn impotent to do anything.

By: Virgil

Virgil — Sat, 15 Nov 2008 22:44:08 +0000

The Real News did a piece on the summit and called it a circus- http://www.consortiumnews.com/2008/111408a.html